Alix Announces Financing
November 8, 2017 (Source) — ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N2–FRANKFURT) announces the Company has arranged a non-brokered private placement of up to 25,000,000 units (the “Units”) at a post-consolidation price of $0.11 per Unit for an aggregate gross proceeds of $2,750,000 (the “Offering”).
Each Unit will consist of one post-consolidation common share and one post-consolidation common share purchase warrant, with each warrant entitling the holder thereof to acquire one post-consolidation common share at an exercise price of $0.20 per share for a period of 24 months. 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.
About Alix Resources
Alix Resources is a junior mining exploration company focused on seeking and acquiring world class lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.
ON BEHALF OF THE BOARD
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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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