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Message: NR: Alix is pleased to announce closing first tranche of pp

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NR: Alix is pleased to announce closing first tranche of pp

posted on Jan 07, 10 01:47PM

January 5, 2010, VANCOUVER, B.C. ALIX RESOURCES CORP. ("Alix" or the Company") (AIX-TSX:V)(37N-FRANKFURT) is pleased to announce the closing of the first tranche of its private placement (the "Private Placement") announced in news releases dated November 24 and December 23, 2009. Pursuant to the Private Placement, the Company issued 1,670,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $83,500. Each Unit is comprised of one common share (a "Share") of the Company and one half of one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Share of the Company for a period of 18 months from the date of issuance at a price of $0.10 per Share.

Finder's fees consisting of 142,000 broker warrants (the "Broker Warrants") and $7,100 in cash were paid in accordance with the policies of the TSX Venture Exchange. Each Broker Warrant will entitle the holder to purchase one Share of the Company for a period of 18 months from the date of issuance at a price of $0.10 per Share.

All securities issued pursuant to the private placement are subject to a hold period expiring on May 1, 2010.

Alix Resources is a junior exploration company actively seeking mineral and energy opportunities for the benefit of all our stakeholders. For further information we invite you to visit us at www.alixresources.com.

ON BEHALF OF THE BOARD

"Michael England"