10:51:53 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Alix Resources Corp (4)
Symbol AIX
Shares Issued 18,193,298
Close 2017-11-27 C$ 0.22
Market Cap C$ 4,002,526
Recent Sedar Documents

Alix Resources arranges $450,000 private placement

2017-11-27 13:31 ET - News Release

Mr. Michael England reports

ALIX ANNOUNCES ADDITIONAL FINANCING

Alix Resources Corp. will offer, by way of a non-brokered private placement, up to three million units at 15 cents per unit for gross proceeds of up to $450,000.

Each unit will comprise one common share and one warrant. Each warrant will entitle the holder to purchase an additional common share at an exercise price of 20 cents per share for a period of 36 months from issuance. Completion of the private placement is subject to the company receiving prior TSX Venture Exchange approval.

This new private placement financing will be in addition to the previously announced private placement of units (see the company's news release dated Nov. 8, 2017).

The company may, in its sole discretion, pay finders' fees to agents of the company.

The proceeds raised will be used for general corporate purposes and for advancing the company's 100-per-cent-owned Jackpot lithium project, located in the Georgia Lake area within the Thunder Bay mining division in Ontario.

About Alix Resources Corp.

Alix is a junior mining exploration company focused on seeking and acquiring world-class lithium projects globally. Alix continues to evaluate suitable prospects that fit its mandate.

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