Alix Resources Corp.

Published : November 06th, 2008

and Geo Announce Agreement With NuCoal Energy Corp. For Prospective Coal Property Adjoining Goldsour

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Alix and Geo Announce Agreement With NuCoal Energy Corp. For Prospective Coal Property Adjoining Goldsource's "Border" Property
 

Breaking News for: November 5, 2008
Trading Symbol: AIX-TSX-V

ALIX RESOURCES CORP (AIX-TSX:V) and GEO MINERALS LTD. (GM-TSX:V) (The �Companies�) announce today that an agreement has been signed with a Saskatchewan based private company, NuCoal Energy Corp, to acquire up to an 80% interest in 31,904 hectares (78,836.5 acres) of prospective coal ground adjoining Goldsource�s �Border Coal Discovery� property on the Manitoba side. The Companies will also have a first right of refusal to select up to 3 additional properties located in central-north portions of Saskatchewan from a select list of NuCoal�s portfolio.

�As an investor in both NuCoal Energy and Alix Resources, 49North Management believes this joint venture is a prime example of how partners can work together to develop Saskatchewan resources through the pooling of expertise and capital,� said Tom MacNeill, Fund Manager of 49 North Resource Fund.

Steve Halabura, P.Geo. President/CEO of North Rim Exploration and Director of NuCoal Energy adds, �Exploration for coal in northern Saskatchewan is at an early stage. The company believes that the discovery of coal by Goldsource, north of Hudson Bay, is not a unique occurrence and that further exploration is justified.�

�A critical part of advancing NuCoal�s northern properties is working with companies such as Alix and Geo. They have expertise and capabilities that are required for resource exploration and a focus on coal� Alan Cruickshank, President NuCoal Energy Corp.

Terms of the deal:

Alix and Geo will pay 1 million shares each, a total of $250,000 cash and commit to spending $2.5 million dollars over 3 years to obtain a 60% interest in the property. The issued shares will be subject to a 2 year escrow period. Upon a bankable feasibility study being completed the Companies will earn a further 20% to reach an 80% interest.

As part of the selection process for the 3 additional properties representatives from Alix and Geo will meet with Nucoal in the very near future to analyze all available data.

This agreement is subject to approval by the TSX Venture Exchange.

For further information we invite you to visit www.alixresources.com, www.geominerals.ca or www.nucoalenergy.ca.
 

ON BEHALF OF THE BOARD

Signed �Michael England�                                             

Michael England, President Alix Resources

Signed �Michael England�                                             

Michael England, President Geo Minerals

Signed �Alan Cruickshank�                                             

Alan Cruickshank, President NuCoal Energy Corp.

 

ALIX/GEO - FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-683-3995

Toll Free: 1-888-945-4770
Facsimile: 1-604-683-3988

NUCOAL - FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-306-651-5191
Facsimile: 1-306-651-5196

E-mail: Allison@fapartners.ca

 

The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

 

Click Here for a Free Real-time Stock Quote on AIX:TSX-V

 



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Alix Resources Corp.

EXPLORATION STAGE
CODE : AIX.V
ISIN : CA01642R2019
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Alix Res. is a exploration company based in Canada.

Its main exploration properties are DIVIDE and KAMISHAK in USA and WHITE GOLD, RED DEER LAKE, SASKASHEWAN and ARCADIA in Canada.

Alix Res. is listed in Canada. Its market capitalisation is CA$ 19.5 millions as of today (US$ 15.3 millions, € 13.0 millions).

Its stock quote reached its highest recent level on March 11, 2011 at CA$ 3.00, and its lowest recent point on October 27, 2017 at CA$ 0.03.

Alix Res. has 72 170 000 shares outstanding.

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Financings of Alix Resources Corp.
4/27/2011Announces Closing of Over-Subscribed Private Placement
Project news of Alix Resources Corp.
7/20/2011CARIBOU AND ALIX INCREASE LAND POSITION AROUND WELLGREEN PRO...
5/29/2008(Arcadia) to Begin Drilling at Arcadia Property
Corporate news of Alix Resources Corp.
7/28/2016INITIAL SAMPLE RESULTS ON THE PREISSAC - LA CORNE PROPERTIES...
7/6/2016ALIX COMPLETES SAMPLING PROGRAM ON NEWLY ACQUIRED LITHIUM PR...
7/5/2016ALIX APPOINTS DR. MICHEL BOILY TO ITS BOARD OF DIRECTORS
6/30/2016ALIX IDENTIFIES LITHIUM-BEARING, CLAY-RICH SEDIMENATRY ASSEM...
6/9/2016ALIX TO COMMENCE SAMPLING PROGRAM ON NEWLY ACQUIRED LITHIUM ...
6/5/2016Test News Release
5/18/2016Call on partly paid shares LITCC
4/21/2016ALIX SET OPTIONS
4/15/2016ALIX CLOSES PRIVATE PLACEMENT
4/15/2016ALIX ACQUIRES FISH LAKE LITHIUM BRINE PROPERTY
1/22/2016ALIX APPOINTS DR. MICHEL BOILY TO ADVISORY BOARD
11/4/2015Alix to Commence Work on Newly Acquired Project Adjoining Ba...
11/4/2015ALIX ACQUIRES 22,625 HECTARES ADJOINING BACANORA'S "SONORA L...
10/28/2015Alix Acquires 22,625 Hectares Adjoining Bacanora's "Sonora L...
7/8/2015MOVES-AlixPartners appoints Kathryn Koorenny general counsel
10/6/2014Alix Encounters Promising Gold and Copper Values at Sheslay ...
10/22/2013Locates Operating Mill for Testing Bulk Samples From Its San...
3/20/2013High Grade Golden Granite Project Moving Forward
2/19/2013Reports Positive Assays for First Phase of Sampling at Golde...
1/29/2013Completes First Phase of Sampling and Mapping at Golden Gran...
1/16/2013Signs Definitive Agreement for Santa Maria Mine, Site Visit ...
1/8/2013Stakes Additional Land at Golden Granite, Yavapai County, Ar...
11/5/2012Acquires Golden Granite Gold Property, Yavapai County, Arizo...
9/27/2012Review of Cache Gold Property, Nunavut Demonstrates Signific...
9/18/2012Receives Positive Drill Results for the Money Rock / West Po...
7/11/2011Mobilizes Drill to Golden Zone Property, Alaska, for 2011 Pr...
6/14/2011Initiates 2011 Work at Golden Zone Property, Alaska
6/6/2011Caribou Commences Mobilization and Work Programs on Yukon Go...
3/3/2011Signs Drill Contract for 2011 Work at the Golden Zone Proper...
1/31/2011Acquires Yukon Gold, Silver and Base Metal Properties From S...
2/12/2009AND GEO SECURE DRILL PERMITS ON MANITOBA COAL PROPERTY AND A...
11/6/2008and Geo Announce Agreement With NuCoal Energy Corp. For Pros...
7/29/2008ANNOUNCES THE COMPLETION OF FIELD PROGRAM AT FOG LAKE PROSPE...
7/22/2008GEO AND ALIX RESOURCES ANNOUNCE HISTORICAL POTASH HOLE PLUS ...
6/25/2008 gets priority on Saskatchewan coal permits
6/13/2008And Geo Minerals buys potash rights in Saskatchewan
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TSX-V (AIX.V)
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