Alix Increases Financing
March 30, 2016 (Source) — ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces that it is increasing the non-brokered private placement announced on February 10th, 2016 from four million units (“Units”) to ten million units at a price of $0.05 per Unit for aggregate gross proceeds of $500,000 (the “Offering”). Each Unit will be comprised of one common share (“Share”) and one Share purchase warrant of the Company (a “Warrant”). Each Warrant entitles the holder to purchase an additional Share at a price of $0.075 per Share for a period of 12 months. Proceeds from the Offering will be used for general working capital and to advance the Company’s Lithium concessions located in Sonora, Mexico.
Finder’s fees will be payable on the private placement, subject to the policies of the TSX Venture Exchange.
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Michael England, President, CEO, Director
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