Article reproduced from:
http://www.whitegolddistrict.com/profiles/
Alix Resources
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|
| Ticker |
AIX.V |
| Share Price |
0.08 |
| Shares Out |
63,092,688 |
| Market Capitalization |
5,047,415 |
| Estimate of Cash Position |
967,000 |
| Property Name |
Cathy 150 and Cathy 148 |
| Property Size (Hectares) |
500 |
| Distance from White Gold |
4 km E |
| Property Origin |
Blair Naughty |
| Ownership Situation |
Alix can earn 100% by paying the vendor $75,000, 700,000 common shares and $250,000 in exploration expenditures by May 1, 2010. The vendor will retain a 3% NSR, of which the company may purchase 1 per cent prior to commencement of commercial production for $1-million. Sounds like there is a claim dispute, since an amendment states that if grant certificates are not issued for 50 per cent of the Quartz claims, $37,500 of the $75,000 cash consideration will be returned to the company and the number of shares to be issued shall be reduced from 700,000 common shares to 350,000 common shares. |
| Synopsis |
Alix will be starting a geological and geochemical survey of the claim block. Alix Resources geologists are familiar with working in the Tintina gold belt. They also have some other gold properties and a coal property. |
