Alix Announces Additional Financing
November 27, 2017 (Source) — ALIX RESOURCES CORP. (“Alix” or “the Company“) (AIX – TSX:V)(37N – Frankfurt) is pleased to announce that it will offer, by way of a non-brokered private placement, up to 3,000,000 units at $0.15 per unit, for gross proceeds of up to $450,000.
Each unit will be comprised of one common share and one warrant. Each warrant will entitle the holder to purchase an additional common share at an exercise price of $0.20 per share, for a period of 36 months from issuance. Completion of the private placement is subject to the Company receiving prior TSXV 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 November 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% owned Jackpot lithium project, located in the Georgia Lake area within the Thunder Bay Mining Division, Ontario.
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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.
ON BEHALF OF THE BOARD
Michael England, President, CEO, Director
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.
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