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Aurizon Reiterates Rejection of the Financially Inadequate Alamos Offer

Aurizon Reiterates Rejection of the Financially Inadequate Alamos Offer 
Recommends support for premium value Hecla arrangement 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/18/13 -- Aurizon
Mines Ltd. (TSX:ARZ)(NYSE MKT:AZK)(NYSE Amex:AZK) ("Aurizon" or the
"Company") today reiterated its recommendation that Aurizon
shareholders REJECT the financially inadequate offer by Alamos Gold
Inc. ("Alamos") and not tender their shares to it.  
Aurizon also noted two facts which suggest that the support for the
Alamos offer has significantly declined: 


 
1.  Counsel for Alamos disclosed in a hearing before the British Columbia
    Securities Commission ("BCSC") on March 15, 2013 that only 6.5% of
    Aurizon's shares were tendered to its offer as of that date. This
    represents tendered support declining by half since the announcement of
    the Hecla offer, given that on March 12, Alamos had suggested that 13%
    of shares had been tendered as of noon on March 5. 
    
2.  In the hearing before the BCSC on March 15, nobody having direct control
    or direction over Aurizon shares provided an affidavit of support to
    Alamos. The only supporting affidavit that Alamos was able to present
    was from a former Aurizon shareholder that had sold its Aurizon shares
    to Alamos in January. 

 
Said George Brack, Chair of the Special Committee of Aurizon's Board:
"The Board remains of the view that the Alamos offer is financially
inadequate. The offer made by Hecla provides both more value per
Aurizon share, as well as a significantly larger cash component." 
Added Mr. Brack: "The Alamos offer is worth less than the Hecla
offer, and support for the Alamos offer appears to have diminished
substantially. We reiterate our recommendation that shareholders
REJECT the Alamos offer by not tendering their shares, and
immediately withdrawing shares that have been tendered, in advance of
the 5:00 pm (Pacific) deadline on March 19." 
Aurizon's Board of Directors continues to recommend that shareholders
support the Board-supported arrangement with Hecla: 


 
--  Hecla offers premium value - based on the closing share prices of Hecla
    and Alamos on March 15, 2013, the Hecla Arrangement provides $0.32 more
    value than the Alamos bid. 
    
--  Hecla offers more cash - the Hecla arrangement offers Aurizon
    shareholders greater value certainty through a maximum $513.6 million in
    cash, which is 68% higher than the maximum amount of cash offered by
    Alamos ($305 million maximum cash). Roughly two thirds of the Hecla
    Arrangement is in cash with Alamos' offer being less than half. 
    
--  Hecla offers a more compelling strategic and jurisdictional fit - a
    combination of Hecla and Aurizon offers shareholders the opportunity to
    participate in a North America-focused, US$1.64 billion precious metals
    company with excellent operating assets in superb jurisdictions,
    complementary mining experience, and exploration potential. 

 
How to Withdraw Shares Tendered to the Alamos Offer  
The Board of Directors of Aurizon unanimously recommended that
shareholders REJECT the previously announced offer by Alamos Gold
Inc. Shareholders who have questions or who may have already tendered
their shares to the Alamos Offer and wish to withdraw them, may do so
by contacting our Information Agent, Georgeson Toll Free (North
America): 1-888-605-7616, Outside North America Call Collect:
1-781-575-2422 or Email: askus@georgeson.com. 
Details of Hecla Arrangement 
Under the terms of the Hecla Arrangement, Aurizon shareholders may
elect to receive in exchange for each Aurizon Share, CAD$4.75 per
share or 0.9953 of a Hecla share or a combination of both, subject in
each case to pro-ration based on a maximum cash consideration of
approximately CAD$513.6 million and a maximum of approximately
57,000,000 Hecla shares. Assuming that all shareholders elect to
receive either cash or Hecla shares, the consideration will be fully
pro-rated with each shareholder being entitled to receive CAD$3.11 in
cash and 0.3446 of a Hecla share for each Aurizon share. 
About Hecla Mining Company 
Hecla Mining Company (NYSE:HL) is a leading low-cost U.S. silver
producer with operating mines in Alaska and Idaho and exploration and
pre-development properties in four world-class silver mining
districts in the U.S. and Mexico. 
About Aurizon 
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 by
increasing its asset base through accretive transactions. Aurizon
shares trade on the Toronto Stock Exchange under the symbol "ARZ" and
on the NYSE MKT under the symbol "AZK". Additional information on
Aurizon and its properties is available on Aurizon's website at
www.aurizon.com. 
Forward-Looking Statements 
This news release contains forward-looking information (as defined in
the Securities Act (British Columbia)) and forward-looking statements
that are prospective in nature (collectively, "forward-looking
statements"). All statements other than statements of historical fact
may be forward-looking statements. In this news release, such
forward-looking statements include statements regarding the ability
of the Company and Hecla to consummate the Arrangement on the terms
and in the manner contemplated in the Arrangement Agreement, the
anticipated benefits of the Arrangement, the anticipated benefits to
Aurizon shareholders and to the shareholders of the combined entity
on completion of the Arrangement, the timing and anticipated receipt
of court and securityholder approvals for the Arrangement
transaction, the anticipated value of the combined entity and the
expected timing for special meeting of Aurizon securityholders and
the closing the Arrangement. These forward-looking statements are
based on a number of assumptions, including assumptions regarding the
ability of the parties to receive, in a timely manner and on
satisfactory terms, the necessary court, shareholder, stock exchange
and regulatory approvals and the ability of the parties to satisfy in
a timely manner, the conditions to the closing of the Arrangement,
the value of Aurizon's assets, in particular Casa Berardi; the value
of Hecla's assets; the successful completion of new development
projects, planned expansions or other projects within the timelines
anticipated and at anticipated production levels; the accuracy of
reserve and resource estimates, grades, mine life and cash cost
estimates; whether mineral resources can be developed; interest and
exchange rates; the price of gold, silver and other metals;
competitive conditions in the mining industry; title to mineral
properties; financing requirements; general economic conditions; and
changes in laws, rules and regulations applicable to Aurizon and
Hecla.  
Although management of Aurizon believes that the assumptions made and
the expectations represented by such statements are reasonable, there
can be no assurance that a forward-looking statement herein will
prove to be accurate. Actual results and developments may differ
materially from those expressed or implied by the forward-looking
statements contained in this news release and even if such actual
results and developments are realized or substantially realized,
there can be no assurance that they will have the expected
consequences or effects. Factors which could cause actual results t
o
differ materially from current expectations include non-completion of
the Arrangement, including due to the parties failing to receive, in
a timely manner and on satisfactory terms, the necessary court,
shareholder, stock exchange and regulatory approvals or the inability
of the parties to satisfy in a timely manner the other conditions to
the closing of the Arrangement; changes in market conditions; actual
results being materially different than reserve and resource
estimates, grades, mine life and cash cost estimates; variations in
ore grade or recovery rates; risks relating to international
operations; fluctuations in gold, silver and other metal prices and
currency exchange rates; failure to obtain any required financing;
inability to successfully complete new development projects, planned
expansions or other projects within the timelines anticipated;
adverse changes to general economic conditions or laws, rules and
regulations applicable to Aurizon or Hecla; changes in project
parameters; the possibility of project cost overruns or unanticipated
costs and expenses; labour disputes and other risks of the mining
industry; failure of plant, equipment or processes to operate as
anticipated; risk that estimated costs, including costs of labor,
equipment and materials, including power, are not as anticipated; the
risk of an undiscovered defect in title or other adverse claim; that
results of exploration activities will be different than anticipated;
and those risks set forth in Aurizon's Annual Information Form dated
March 30, 2012 and in Hecla's filings with the U.S. Securities and
Exchange Commission, which are available respectively on Sedar at
www.sedar.com and on Edgar at www.sec.gov. You should not place undue
reliance on any forward-looking statements contained in this news
release. Aurizon specifically disclaims any obligation to reissue or
update these forward-looking statements as a result of new
information or events after the date hereof, except as may be
required by law. 
Contacts:
Media:
Longview Communications
Trevor Zeck
(604) 375-5941 
Longview Communications
Nick Anstett
(416) 649-8008 
Investor relations:
Aurizon Mines Ltd.
Jennifer North
Manager Investor Relations
jennifer.north@aurizon.com 
Aurizon Mines Ltd.
604-687-6600
Toll Free: 1-800-411-GOLD (4653)
604-687-3932 (FAX)
info@aurizon.com
www.aurizon.com