Alix Resources Corp. announced that it expects to receive CAD 0.25 million in funding.
On January 25, 2013, the company closed the first tranche of the transaction for 4,390,000 units for gross proceeds of CAD 219,500. The company has received $9,922 (CAD 9,929.34) from two investors pursuant to Regulation D. The conversion was made through www.oanda.com.
On January 28, 2013, the company announced TSX Venture Exchange has accepted for filing documentation with respect to the first tranche. The tranche saw participation from 11 placees. David Cross, Chief Financial Officer of the company subscribed for 150,000 units. Individual investors including David Lajack, Harley Mayers, and Mike England each subscribed for 100,000 units, 300,000 units, and 910,000 units respectively. PI Financial Corp. received a finder's fee of CAD 3,000.