Aurizon Mines Ltd. completes $50 million bought deal financing
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Shares Listed: Toronto Stock Exchange - Ticker Symbol - ARZ
NYSE Amex - Ticker Symbol - AZK
U.S. Registration: (File 001-31893)
VANCOUVER, April 29 /PRNewswire-FirstCall/ - Aurizon Mines Ltd. (TSX: ARZ;
NYSE Amex: AZK) ("Aurizon" or the "Company") is pleased to announce that it
has closed its previously announced bought deal equity financing, for gross
proceeds of $50 million. A syndicate of underwriters purchased an aggregate of
9,708,800 common shares of Aurizon at a purchase price of $5.15 per share.
The Underwriters have also been granted an option exercisable, in whole or in
part, at the sole discretion of the Underwriters, at any time prior to the
30th day following the closing of the Offering, to purchase up to an
additional 1,456,300 common shares of the Company at a price of $5.15 per
share to cover over-allotments, if any, and for consequential market
stabilization.
The net proceeds of the financing will be used by the Company to strengthen
its working capital position and for other general corporate purposes,
including potential acquisitions.
The securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements.
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 increasing its asset base through accretive transactions.
Aurizon shares trade on the Toronto Stock Exchange under the symbol "ARZ" and
on the NYSE Amex under the symbol "AZK". Additional information on Aurizon and
its properties is available on Aurizon's website at http://www.aurizon.com.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of
securities legislation. Forward-looking statements involve unknown risks,
uncertainties and other factors and express, as at the date of this news
release, the Company's estimates, expectations, or beliefs as to future events
and, except as required under applicable securities legislation, the Company
does not intend, and does not assume any obligation, to update these
forward-looking statements. Factors that could cause the actual results,
performance, achievements or events to differ materially from current
expectations expressed or implied by the forward-looking statements include,
but are not limited to, future prices of gold and material adverse changes in
global economic and market conditions.
SOURCE Aurizon Mines Ltd.
AURIZON MINES LTD., David P. Hall, President and C.E.O., Ian S. Walton,
Executive Vice President & C.F.O., Telephone: (604) 687-6600, Toll Free:
1-888-411-GOLD, Fax: (604) 687-3932, Web Site: www.aurizon.com, Email:
info@aurizon.com; or Renmark Financial Communications Inc., 2080 Rene-Levesque
Blvd. West, Montreal, QC, H3H 1R6, Barry Mire: bmire@renmarkfinancial.com;
Henry Perron: hperron@renmarkfinancial.com; Media - Vanessa Napoli:
vnapoli@renmarkfinancial.com, Tel: (514) 939-3989, Fax: (514) 939-3717
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