Alix Resources (AIX-V) Nov 6, '17 Share Consolidation 4:1
Alix Resources Corp. has proposed a consolidation of its common shares on the basis of four existing shares for one new share. Currently, a total of 72,473,191 Shares are issued and outstanding. Accordingly, if put into effect on the basis of four existing shares for one new share, a total of 18,118,298 shares would be issued and outstanding following the consolidation, assuming no other change in the issued capital. According to the company's articles, the board of directors of the company has the ability to approve the consolidation and the board of directors believes it is in the best interest of the company to approve the consolidation. The consolidation will increase the company's flexibility and competitiveness in the market place and make the company's securities more attractive to a wider audience of potential investors, thereby resulting in a more efficient market for its shares.
Alix Resources is a junior mining exploration company focussed on seeking and acquiring world class lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.
ON BEHALF OF THE BOARD
“Michael England”
Michael England, President, CEO, Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Telephone: 1-604-683-3995
Toll Free: 1-888-945-4770 |
