Canadian miner to pay contractor in Bitcoins

Thanks Financial Post | Business for the post…I would work for him

Financial Post | Business

A Canadian mining company agreed to pay a contractor in Bitcoins for exploration work to be carried out at a property that contains tungsten.

Alix Resources Corp. said today in a statement it will pay Ridge Resources Ltd. for the work at its Windy property about 15 kilometers (9 miles) north of Cassiar, British Columbia.

As Ridge completes the work, it will quote payment in Canadian dollars and Vancouver-based Alix will convert the price into the digital currency, Alix Chief Executive Officer Michael England, 50, said in a phone interview.

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“We are a mining exploration company so yes, this is a bit different,” he said. “There’s a lot of expectations that Bitcoins are going higher, so why not start accumulating?”

The shares rose 33 percent to 4 Canadian cents in Toronto on trading volume 17 times the three-month average, giving Alix a market value of C$2 million ($1.9…

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