Aurizon Mines Ltd. (ARZ.TO) reiterated its recommendation that shareholders reject the previously announced offer by Alamos Gold Inc. (AGI.TO).
Aurizon also reiterated its recommendation that Aurizon shareholders support the arrangement whereby Hecla Mining Company will acquire all of the outstanding common shares of Aurizon. Under the terms of the Hecla arrangement, Aurizon shareholders may elect to receive in exchange for each Aurizon share, C$4.75 per share or 0.9953 of a Hecla share or a combination of both.
ARZ has moved into the negative territory, now down 3% to $4.38. AGI has also turned negative, now down about 1% to $14.13.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
