The Board of Directors of Aurizon announced today that it has adopted a new shareholder rights plan. The purpose of the New Rights Plan is to ensure equal treatment for all shareholders in connection with any transaction to acquire control of Aurizon. Concerns regarding potential unequal treatment of Aurizon shareholders have arisen because of the [...]
Aurizon Mines today reiterated its recommendation that shareholders REJECT the previously announced offer by Alamos Gold. Aurizon also reiterated its recommendation that Aurizon shareholders support the arrangement whereby Hecla will acquire all of the outstanding common shares of Aurizon. Aurizon recommends that shareholders support the [...]
Hecla is pleased to announce that it has entered into a definitive arrangement agreement with Aurizon Mines pursuant to which Hecla will acquire all of the issued and outstanding common shares of Aurizon in a transaction with a total value of approximately CAD$796 million. Under the terms of the Transaction, which is similar to a merger with a [...]
The Board of Directors of Aurizon Mines today announced that it has entered into a definitive agreement pursuant to which Hecla Mining will acquire all of the outstanding diluted common shares of Aurizon for approximately CAD$796 million. The transaction will be implemented by way of a plan of arrangement (the "Arrangement") under the Business [...]
The Board of Directors of Aurizon Mines announced today that the British Columbia Securities Commission has granted an order that was consented to by both Aurizon and Alamos Gold that will allow Aurizon's shareholder rights plan to continue until March 4, 2013, after which time it will be cease traded.
Aurizon Mines is pleased to report exploration drill results east of the Principal Zone within Zone 134 at its Casa Berardi Mine in north-western Quebec. The objective of this drill program, which concluded in 2012, was to investigate the immediate extension of the Principal Zone eastward, along the Casa Berardi Fault. The program was focused [...]
Aurizon Mines is pleased to report the replenishment of mineral reserves and a mineral resource update at its Casa Berardi mine, located in north western Quebec, Canada. Highlights include the following: A 6% increase in the average underground mineral reserve grade to 7.1 grams/tonne and an 11% increase in mineral reserves, before mining [...]
The Board of Directors of Aurizon Mines announced today that the British Columbia Securities Commission will hold a hearing on February 18, 2013 in response to an application made by Alamos Gold for an order to cease trade Aurizon's shareholder rights plan. The Rights Plan was adopted by Aurizon on January 22, 2013. Aurizon is preparing submissions [...]
Gold's appeal as a safe haven increased earlier this month after the nation's gross domestic product unexpectedly shrank in the fourth quarter. "Gold is reasserting itself as a flight to quality asset," said Adam Klopfenstein, senior market strategist with Archer Financial. Five Star Equities examines the outlook for companies in the Gold Industry [...]
The Board of Directors of Aurizon Mines today mailed materials to all shareholders recommending that shareholders ratify the Shareholder Rights Plan that the Board of Directors adopted on January 22, 2013. The Rights Plan is intended to provide the Board of Directors with adequate time to identify and develop value-enhancing alternatives, if [...]
The Aurizon Board of Directors announced today that, further to the press release of Aurizon on January 23, 2013 announcing the adoption of a shareholder rights plan (the "Rights Plan"), the Toronto Stock Exchange (the "TSX") determined on January 29, 2013, in accordance with its rules, to defer its consideration of the acceptance for filing of the [...]
The Board of Directors of Aurizon Mines has unanimously recommended that shareholders reject the hostile take-over bid received from Alamos Gold. George Brack, Chair of the Special Committee of the Aurizon Board of Directors said, "This is a financially inadequate and opportunistic offer, timed to take advantage of a transition year for Aurizon [...]
