Alix Announces over-Subscribed Financing
Suite 1220, 789 West Pender St. Vancouver, British Columbia Phone: 604-683-3995/ Toll Free: 888-945-4770/Fax: 604-683-3988
ALIX ANNOUNCES OVER-SUBSCRIBED FINANCING
April 15th, 2011, VANCOUVER, B.C. – ALIX RESOURCES CORP. (“Alix” or the “Company”)(AIX-TSX:V)(37N – FRANKFURT) announces that the non-brokered private placement announced on April 13th, 2011 has been over-subscribed and is therefore being increased to up to 6.9 million units at a price of $0.25 per unit for gross proceeds of up to $1,725,000.
Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant entitles the holder to purchase an additional share at a price of $0.30 per share for the first 12 months and $0.35 per share for the following 12 months from the date of issuance.
The proceeds from the private placement will be used for the Company’s Golden Zone project this summer. The private placement is subject to TSX Venture Exchange acceptance.
Finder's fees may be payable on the private placement.
Alix Resources is a junior exploration company actively seeking base and precious metal venture opportunities for the benefit of all of its stakeholders.
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 the 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.