Aurizon Mines Ltd. completes $50 million bought deal financing
29 April 2009 - 10:37PM
PR Newswire (US)
Shares Listed: Toronto Stock Exchange - Ticker Symbol - ARZ NYSE
Amex - Ticker Symbol - AZK U.S. Registration: (File 001-31893)
VANCOUVER, April 29 /PRNewswire-FirstCall/ -- Aurizon Mines Ltd.
(TSX: ARZ; NYSE Amex: AZK) ("Aurizon" or the "Company") is pleased
to announce that it has closed its previously announced bought deal
equity financing, for gross proceeds of $50 million. A syndicate of
underwriters purchased an aggregate of 9,708,800 common shares of
Aurizon at a purchase price of $5.15 per share. The Underwriters
have also been granted an option exercisable, in whole or in part,
at the sole discretion of the Underwriters, at any time prior to
the 30th day following the closing of the Offering, to purchase up
to an additional 1,456,300 common shares of the Company at a price
of $5.15 per share to cover over-allotments, if any, and for
consequential market stabilization. The net proceeds of the
financing will be used by the Company to strengthen its working
capital position and for other general corporate purposes,
including potential acquisitions. The securities offered have not
been and will not be registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from the
registration requirements. 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
increasing its asset base through accretive transactions. Aurizon
shares trade on the Toronto Stock Exchange under the symbol "ARZ"
and on the NYSE Amex under the symbol "AZK". Additional information
on Aurizon and its properties is available on Aurizon's website at
http://www.aurizon.com/. FORWARD-LOOKING STATEMENTS This news
release contains "forward-looking information" within the meaning
of securities legislation. Forward-looking statements involve
unknown risks, uncertainties and other factors and express, as at
the date of this news release, the Company's estimates,
expectations, or beliefs as to future events and, except as
required under applicable securities legislation, the Company does
not intend, and does not assume any obligation, to update these
forward-looking statements. Factors that could cause the actual
results, performance, achievements or events to differ materially
from current expectations expressed or implied by the
forward-looking statements include, but are not limited to, future
prices of gold and material adverse changes in global economic and
market conditions. DATASOURCE: Aurizon Mines Ltd. CONTACT: AURIZON
MINES LTD., David P. Hall, President and C.E.O., Ian S. Walton,
Executive Vice President & C.F.O., Telephone: (604) 687-6600,
Toll Free: 1-888-411-GOLD, Fax: (604) 687-3932, Web Site:
http://www.aurizon.com/, Email: ; or Renmark Financial
Communications Inc., 2080 Rene-Levesque Blvd. West, Montreal, QC,
H3H 1R6, Barry Mire: ; Henry Perron: ; Media - Vanessa Napoli: ,
Tel: (514) 939-3989, Fax: (514) 939-3717
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