Aurizon Mines’ (TSX:ARZ) Board of Directors commented on the unanimous recommendation that shareholders reject the unsolicited offer put forward by Alamos Gold.
Said George Brack, Chair of the Special Committee of Aurizon’s Board:
We stand by our determination that the Alamos offer was inadequate, and with its expiry, we will continue to move forward with the Board-supported Hecla arrangement. The Hecla arrangement offers an attractive premium, a substantial cash component, and the compelling opportunity to participate in a North America focussed precious metals company with exploration potential and significant upside. We look forward to proceeding with this transaction, and will be mailing a Management Information Circular in due course.