Mr. Michael England reports
ALIX ANNOUNCES FINANCING
Alix Resources Corp. has arranged a non-brokered private placement of 15 million units at a price of five cents per unit for aggregate gross proceeds of $750,000. Each unit will be composed of one common share and one share purchase warrant of the company. Each warrant entitles the holder to purchase an additional share at a price of eight cents per share for a period of 60 months. Proceeds will be used for general working capital.
The private placement is subject to TSX Venture Exchange acceptance.
The company further announces it has set 400,000 options at a price of six cents for directors and consultants of the company in accordance the company's stock option plan.
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