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  • TSX-V ILI | OTCQB ARXRF | FRANKFURT 37NN
  • Last 0.04
  • Volume 24,000
  • Past News

    ALIX ISSUED SHARES FOR DEBT SETTLEMENT

    July 25, 2014, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces that, pursuant to its news release dated July 22, 2014, the Company has issued 5,400,000 common shares (the "Shares") in the capital of the Company to settle debt between the Company and Core One Drilling Inc. as per the terms and conditions of the settlement agreement.

    The Shares are subject to a four-month resale restriction that expires on November 26, 2014.

    The Company also announces that it will make an application to the TSX Venture Exchange (the "TSXV") to extend the term of certain of its warrants as set out below.

    An aggregate of 2,975,016 warrants were originally issued in July 2013 and are exercisable at $0.06 per common share until 5:00 p.m. (Vancouver time) on July 31, 2014, such date to be extended to July 31, 2015. The exercise price for the warrants will remain the same.

    This warrant amendment has been approved by the board of directors of the Company and is subject to the TSXV approval.

    Alix Resources is a junior exploration company actively seeking mineral opportunities for the benefit of all our stakeholders. For further information we invite you to visit us at www.alixresources.com.

    ON BEHALF OF THE BOARD                                     

    Michael England, President

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Telephone: 1-604-683-3995

    Toll Free: 1-888-945-4770

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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