Mr. Michael England reports
Alix Resources Corp., further to its news release dated Jan. 9, 2013, has completed a non-brokered private placement of 4.39 million units at a price of five cents per unit for gross proceeds of $219,500.
Each unit consists of one common share and one share purchase warrant of the company. Each warrant will entitle the holder to acquire one share of the company at a price of eight cents per share for the first 12 months and 10 cents per share for the following 12 months from the date of issuance.
The company paid a cash commission to the finder totalling $3,000.
The shares and warrants issued pursuant to the private placement and any shares issued on exercise of the warrants are subject to four-month resale restriction that expires on May 26, 2013.
The proceeds raised will be used for general working capital.