UPDATE: Aurizon Reiterates Rejection of Alamos Offer; Aurizon Down 1%, Alamos Rises 1%
Aurizon Mines Ltd. (ARZ.TO) reiterated its recommendation that Aurizon shareholders reject the "financially inadequate" offer by Alamos Gold Inc. (AGI.TO) and not tender their shares to it.
George Brack, Chair of the Special Committee of Aurizon's Board, said: "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."
ARZ was down 1% to $4.45 while Alamos was up 1% to $14.44.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.