Alix More Than Triples Sheslay Landholdings and Appoints Ryan Kalt to Advisory Board
30 Mai 2014 - 2:00PM
Marketwired
Alix More Than Triples Sheslay Landholdings and Appoints Ryan Kalt
to Advisory Board
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 30, 2014) - ALIX
RESOURCES CORP. ("Alix" or the "Company")
(TSX-VENTURE:AIX)(FRANKFURT:37N) is pleased to announce that it has
entered into a property purchase agreement with privately-held Kalt
Industries Ltd. that now makes Alix the largest landholder with 325
sq. km in the emerging world class Sheslay Cu-Au porphyry
district.
Highlights:
- Alix has acquired Kalt Industries Ltd.'s entire portfolio of
Sheslay claims (23,500 hectares) in exchange for 4.25 million
shares of Alix plus a retained 2% gross royalty;
- Mr. Ryan Kalt has joined the Alix Advisory Board and in that
capacity will assist the Company in strategic business development
related to its exclusive focus on the prolific Sheslay
district;
- Mr. Kalt has agreed to subscribe for one million flow-through
units of the Company at a price of $0.05 per flow-through common
share in a private placement.
Mr. Mike England, Alix President and CEO, stated: "Given the
wealth of historical and current data our geological team have
reviewed concerning the Sheslay district, to secure this agreement
with Kalt Industries Ltd. is a very strategic and timely
initiative. We're expecting an explosive summer in the Sheslay
district with the strong potential for new discoveries by our team
and our neighbors. We are also thrilled to be adding the expertise
of Mr. Kalt to our Advisory Board and we welcome him as a
significant shareholder."
A map of Alix's expanded Sheslay district holdings may be viewed
at the following web site URL:
http://www.alixresources.com/maps/sheslay.pdf
Mr. Kalt is a well-respected entrepreneur and brings significant
capital market expertise to the Company. He is also a Barrister and
Solicitor and holds a Bachelor of Commerce (Hons) from Queens
University, a Bachelor of Law from the University of Western
Ontario, a Master of Business Administration from the University of
Western Ontario and a Master of Law (Natural Resources, Energy and
Environmental Law) from the University of Calgary.
With regard to Mr. Kalt's private placement with Alix, each
flow-through unit will comprise one common flow-through share and
one common share purchase warrant of the Company. Each warrant
entitles the holder to purchase an additional non-flow-through
common share at a price of $0.08 per common share for a period of
24 months. The flow-through funds will be applied to the next phase
of exploration on the Company's expanded Sheslay package.
The acquisition and the private placement referred to above
remain subject to approval by the TSX Venture Exchange.
Initial Sheslay Work Program Completed
Alix is also pleased to announce that it has recently completed
a first-pass mapping and sampling program covering certain areas of
its Sheslay holdings at North Cap East, North Cap West and Sheslay
South Fork. Assay results are pending and the Company is now
eagerly anticipating a quick return to the field in order to
further evaluate potential drill targets.
Alix Resources is a junior exploration company actively seeking
mineral 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, President & CEO
Neither 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.
Alix Resources Corp.Michael EnglandPresident & CEOTelephone:
1-604-683-3995Toll Free: 1-888-945-4770www.AlixResources.com
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