Aurizon Announces Results of Hecla Arrangement Consideration Elections
30 Mayo 2013 - 6:00AM
Marketwired
Aurizon Mines Ltd. (TSX:ARZ)(NYSE MKT:AZK) ("Aurizon" or the
"Company") announces the results of the consideration elections
under the terms of the Company's previously announced arrangement
with Hecla Mining Company ("Hecla"). Under the arrangement, Aurizon
securityholders were entitled to elect to receive CAD$4.75 (the
"Cash Consideration") or 0.9953 of a Hecla share (the "Share
Consideration") per Aurizon share, subject in each case to
pro-ration based on a maximum cash consideration of approximately
CAD$514 million and a maximum of 57,000,000 Hecla shares.
The results of the elections received prior to the extended
election deadline of 4:00 p.m. (EDT) on May 29, 2013 are as
follows:
-- securityholders representing 151,473,033.58 Aurizon shares elected to
receive the Cash Consideration, which elections represent
CAD$719,496,910 in aggregate, and
-- securityholders representing 14,112,475 Aurizon shares elected or were
deemed to have elected to receive the Share Consideration, which
elections represent 14,046,146 Hecla shares in aggregate.
Since the aggregate elections for Cash Consideration exceed the
amount available under the arrangement, securityholders who elected
to receive the Cash Consideration will be subject to pro-ration in
the manner described in Aurizon's management information proxy
circular dated April 10, 2013.
Completion of the arrangement is expected to occur with effect
from June 1, 2013. With completion of the acquisition, Aurizon's
shares are expected to be delisted from the Toronto Stock Exchange
with effect from the close of trading on June 5, 2013, and the NYSE
MKT is expected to suspend trading in Aurizon shares prior to the
opening of the market on June 3, 2013, with the last day of trading
being May 31, 2013.
About Aurizon
Aurizon is a gold producer with a growth strategy focused on
developing its existing projects in the Abitibi region of
north-western Quebec, one of the world's most favourable mining
jurisdictions and prolific gold and base metal regions, and by
increasing its asset base through accretive transactions. Aurizon
shares trade on the Toronto Stock Exchange under the symbol "ARZ"
and on the NYSE MKT under the symbol "AZK". Additional information
on Aurizon and its properties is available on Aurizon's website at
www.aurizon.com.
About Hecla
Established in 1891, Hecla believes it is the largest and
lowest-cost primary silver producer in the U.S. The company has two
operating mines and exploration properties in four world-class
silver mining districts in the U.S. and Mexico. Additional
information on Hecla and its properties is available on its website
at http://hecla-mining.com.
Forward-Looking Statement
This news release contains a forward-looking statement that is
prospective in nature regarding the expected timing for the closing
of the Arrangement (the "forward-looking statement"). The
forward-looking statement is based on a number of assumptions,
including the ability of the parties to satisfy in a timely manner,
the remaining conditions to the closing of the Arrangement.
Although management of Aurizon believes that the assumptions made
and the expectations represented by such statement are reasonable,
there can be no assurance that the forward-looking statement will
prove to be accurate. You should not place undue reliance on the
forward-looking statement. Aurizon specifically disclaims any
obligation to reissue or update the forward-looking statement as a
result of new information or events after the date hereof, except
as may be required by law.
U.S. Registration (File 001-31893)
News Release Issue No. 33 -2013
Contacts: Investor Contact: Aurizon Mines Ltd. Jennifer North
Manager Investor Relations 604-687-6600 or Toll Free:
1-888-411-GOLD (4653) 604-687-3932 (FAX)jennifer.north@aurizon.com
/ info@aurizon.com www.aurizon.com Media Contact: Longview
Communications Trevor Zeck (604) 694-6037 Information Agent:
Georgeson Toll Free (North America): 1-888-605-7616 Outside North
America Call Collect: 1-781-575-2422askus@georgeson.com
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