09:42 AM EST - Alix Resources Corp. : said it has entered into an agreement with Blair Naughty dated Sept. 23, 2009, whereby the vendor has granted Alix an option to acquire a 100% interest in seven claim blocks comprising a total of around 2800 hectares located in the Stewart mining camp. Six claims are in the vicinity of the new Montrose gold discovery announced by Decade Resources Ltd. on its Red Cliff property, and the other mineral claim is tied to the Canasia Industries Corporation Clone gold property, the company said. Pursuant to the terms of the agreement, to earn its option, Alix said it must pay the vendor $22,500 in cash, and issue a total of two million shares in the capital of the company. The vendor has retained a 3% net-smelter-return royalty of which Alix can buy down one per cent through the payment of $1 million in cash or shares to the vendor prior to commercial production. Alix Resources Corp.
shares V.AIX are trading even at $0.08.
