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News Breaks | | | | March 5, 2013 | | 13:03 EDT |  | HL, AZK | Hecla Mining reiterated superiority of transaction with Aurizon Mines
Hecla Mining (HL) reiterated the belief of the superiority of its agreed-upon transaction with Aurizon Mines (AZK) and strongly urges shareholders to reject the Alamos offer. CEO Phillips Baker said, "Our offer is superior to the Alamos offer by CAD$0.27, based on yesterday's closing prices, and includes a 68% higher cash component. Tendering to the Alamos offer risks depriving Aurizon shareholders of the premium our offer represents as well as the significant upside we see in a Hecla-Aurizon combination. As a North America focused precious metals producer, we believe the combined company will deliver increased value well into the future." Separately, Aurizon today reiterated its recommendation that shareholders support the Hecla transaction and do not tender into the Alamos offer or withdraw tenders already made. Aurizon urged shareholders who have tendered to immediately withdraw tendered shares. | |
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News For HL;AZK From The Last 14 Days Check below for free stories on HL;AZK the last two weeks. |
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| June 18, 2013 | | 18:15 EDT | | HL | Hecla Mining acquires interest in Typhoon Exploration
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