Aurizon Mines Asks Shareholders to Reject Alamos Offer in Favour of Superior Offer from Hecla

Aurizon Mines Ltd. (TSX:ARZ, NYSE:AZK) is asking shareholders to support Hecla Mining Company’s bid.

As quoted in the press release:

Aurizon recommends that shareholders support the Arrangement with Hecla on the basis of its:

• Superior value: the current implied Hecla transaction value of CAD$4.55 per share represents a premium to the current implied CAD$4.28 per share value of the Alamos offer based on the closing share prices of Alamos and Hecla on March 4, 2013 and assuming that all shareholders elected to receive cash or shares.

To view the whole press release, click here.