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News Breaks | | | | March 19, 2013 | | 08:04 EDT |  | HL, AZK | Hecla Mining urges Aurizon investors not to tender to Alamos
Hecla Mining (HL) urges Aurizon (AZK) shareholders to continue withdrawing shares tendered to Alamos’ inadequate bid and not to tender any new shares to the bid. Aurizon Mines Ltd. announced yesterday that the British Columbia Securities Commission has cease traded Aurizon’s shareholder rights plan which means that today is the day shareholders can show Alamos their bid is inferior. “The decision shareholders have to make is whether they want to tender into an Alamos bid that is C29c per share less than the Hecla deal and C14c less than Aurizon’s current share price,” said Phillips S Baker, Jr., Hecla’s President and CEO. “Clearly the alternative that puts the most value into Aurizon shareholders’ pockets is to hold the shares and get the premium valuation from Hecla. Alternatively, given that Alamos’ bid has traded to such a low point, shareholders can sell the Aurizon shares in the open market and receive additional value over the inferior bid of Alamos.” | |
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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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| May 15, 2013 | | 07:04 EDT |  | AZK | Aurizon Mines reports Q1 EPS (2c), consensus 0c
 Subscribe for More Information | | | May 10, 2013 | | 08:27 EDT | | AZK, HL | Hecla Mining says Aurizon Mines shareholders voted in favor acquisition
On May 9, Aurizon Mines (AZK) shareholders voted in favor of the Hecla (HL) acquisition, the company announced. Hecla said it expects to complete the acquisition of Aurizon during the second quarter upon receipt of Investment Canada regulatory approval. Aurizon's core asset is the Casa Berardi gold mine in Quebec, Canada, with 2013 gold production estimated by Aurizon of 125,000-130,000 ounces. Also, subsequent to the first quarter, Hecla completed a $500M offering of 6.875% Senior Notes due 2021, which will partially fund the acquisition, it said. | | | 08:24 EDT | | HL | Hecla Mining reports Q1 adjusted EPS 1c, consensus 4c
Reports Q1 revenue $76.5M, consensus $94.78M. Reports Q1 silver production 1.9M ounces at a cash cost of $7.02 per ounce, net of by-products. | | | May 9, 2013 | | 17:42 EDT | | AZK | Aurizon Mines securityholders approve plan of arrangements
Subscribe for More Information | | | 15:27 EDT | | HL | Notable companies reporting before tomorrow's open
Subscribe for More Information | | | May 8, 2013 | | 08:36 EDT | | AZK | Aurizon Mines announces preliminary results of Hecla arrangement elections
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