Jan 22 (Reuters) - Elixxer Ltd ELXR.V :
* ELIXXER SIGNS TERM SHEET FOR US$12 MILLION INSTITUTIONAL LOAN
* ELIXXER LTD - AD ASSET MANAGEMENT WILL HAVE RIGHT TO APPOINT ONE MEMBER TO COMPANY'S BOARD OF DIRECTORS
* ELIXXER LTD - WILL ISSUE UP TO 25 MILLION COMMON SHARE PURCHASE WARRANTS TO AD, PRO RATA TO EACH DRAWDOWN OF LOAN
* ELIXXER LTD - WARRANTS WILL BE EXERCISABLE FOR THREE YEARS FROM DATE OF ISSUANCE AT A PRICE OF $0.10 PER SHARE