Alix Closes Second and Final Tranche FT Financing

Vancouver, British Columbia (FSCwire) – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces that further to its news releases dated February 8, 2017, February 3, 2017, January 31, 2017 and January 24, 2017 it has completed the second and final tranche of a non-brokered flow through private placement. The total raised in the FT financing for the two tranches was 3,550,000 units for total gross proceeds of $248,500.00. Each FT unit consists of one flow through common share (the “Shares”) and one half non-flow through Share purchase warrant of the Company. Each whole warrant will entitle the holder to acquire one Share of the Company at a price of $0.10 per Share for a period of 24 months from the date of issuance.

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