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Alamos Gold Inc Says Close To Blocking Hecla Mining Co's Rival Bid For Aurizon Mines Ltd-Reuters


Tuesday, 5 Mar 2013 06:45pm EST 

Reuters reported that Alamos Gold Inc was close to blocking Hecla Mining Co's rival bid for Aurizon Mines Ltd, and had the support of other large shareholders. Alamos said it had 29.5% Aurizon shares as on Tuesday afternoon, including the 16.11% stake it already held in the company. Alamos, which extended its tender offer deadline to March 19, said in a statement earlier on Tuesday that shareholders had tendered about 10.26% of Aurizon shares as of March 4. Alamos said on Monday it would not raise its offer, following U.S. silver miner Hecla's rival bid of about CAD796 million ($774 million). Aurizon had rejected an unsolicited takeover offer from Alamos, its largest single shareholder, in January for about CAD780 million. 

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3.33
0.06 +1.83%
4:03pm EDT