Alix Options Priessac-Lacorne Lithium Properties to Jourdan Alix Options Priessac-Lacorne Lithium Properties to Jourdan Resources
Vancouver, British Columbia (FSCwire) - ALIX RESOURCES CORP. (Alix or the Company) (AIX-TSX:V) (37NFRANKFURT) announces that it has negotiated an option agreement with Jourdan Resources Inc. (JOR-TSX:V) (Jourdan) whereby Jourdan has the right to acquire up to a 75% interest in Alixs Preissac-Lacorne Lithium Portfolio (the Alix Option).
Jourdan has an option to earn a 75% interest in the Preissac-Lacorne Lithium Portfolio pursuant to the Alix Option, by completing staged payments of cash and shares totaling $125,000, and 1,200,000 Jourdan common shares (each a Share) over a two year term, as follows: $50,000 and 600,000 shares on or before May 15, 2017; and $75,000 and 600,000 shares on or before the second anniversary date of the Alix Option agreement. This agreement is subject to TSX Venture approval.