Alamos Gold Inc. (TSX:AGI) announced that it has put forward an offer to acquire all of Aurizon Mines Ltd.’s (TSX:ARZ,AMEX:AZK) outstanding shares for about C$780 million in cash and stock. The offer values Aurizon at $4.65 per share and will remain open until February 19, 2013 at 5:00 p.m. EST.
As quoted in the press release:
The Offer reflects a premium of approximately 40% based on the closing price of C$3.33 for the AurizonÂ Shares on the TSX on January 9, 2013, and a premium of approximately 37% based on the volume-weightedÂ average price of the Aurizon Shares on the TSX for the 20 trading days ended January 9, 2013.
As of today, Alamos owns 26,507,283 Aurizon Shares, representing over 16% of the issued and outstandingÂ Aurizon Shares.