Aurizon Reminds Shareholders of Important Vote Deadline of May 7, 2013: Recommends Vote FOR Hecla Arrangement To Receive Full...
May 01 2013 - 10:30AM
Marketwired
Aurizon Mines Ltd. (TSX:ARZ)(NYSE MKT:AZK) ("Aurizon" or the
"Company") today reminded shareholders and optionholders of the
approaching deadline to vote FOR the special resolution approving
the proposed transaction whereby Hecla Mining Company ("Hecla")
will acquire all of the issued and outstanding common shares of
Aurizon, in exchange for CAD$4.75 per Aurizon share or 0.9953 of a
Hecla share or a combination of both, subject in each case to
pro-ration based on a maximum cash consideration of approximately
CAD$513.6 million and a maximum of approximately 57,000,000 Hecla
shares (the "Hecla Arrangement"). Assuming that all shareholders
elect to receive either cash or Hecla shares, the consideration
will be fully pro-rated with each shareholder being entitled to
receive CAD$3.11 in cash and 0.3446 of a Hecla share for each
Aurizon share.
Regardless of the number of Aurizon shares or Aurizon options
owned, each vote is important in order to ensure the Hecla
Arrangement proceeds and full value is received for Aurizon
securities.
Aurizon securityholders are therefore urged to vote FOR the
special resolution by proxy no later than 4:00 p.m. (Toronto time)
on May 7, 2013, or in person at the Special Meeting on May 9, 2013.
If your Aurizon securities are held in street form by a broker,
Aurizon securityholders are urged to contact their broker well in
advance of the proxy deadline of May 7, 2013 and provide
instructions to vote FOR the special resolution approving the Hecla
Arrangement. If no instructions are provided, shares held in street
form by a broker will not be voted at the Meeting.
In the last week, both Glass-Lewis & Co. and Institutional
Shareholder Services Inc. ("ISS"), two leading independent
international corporate governance analysis and proxy voting firms,
have recommended that their clients vote FOR the resolution
approving the transaction with Hecla. Aurizon's Board of Directors
also unanimously recommends that Aurizon securityholders vote for
the Hecla arrangement.
The Hecla transaction offers an attractive premium for Aurizon
shares, a substantial cash component, and the compelling
opportunity to participate in a North America focussed precious
metals company with exploration potential and significant
upside.
How to vote
Instructions for Aurizon securityholders on how to vote and how
to elect the form of consideration they wish to receive under the
Hecla arrangement are included in the Proxy Circular that was
mailed to shareholders on April 12, 2013 and filed with SEDAR at
www.sedar.com and on EDGAR at www.sec.gov. Copies of the Special
Meeting materials are also available on Aurizon's website at
www.aurizon.com under the Hecla Agreement tab.
If you have any questions or require more information with
regard to the procedures for voting or completing your transmittal
documentation, please contact Georgeson Shareholder Communications
Canada Inc. by calling toll free in North America at
1-888-605-7616, calling collect from outside North America at
1-781-575-2422, or by email at askus@georgeson.com.
Special Meeting
The special meeting of the shareholders and optionholders of
Aurizon and will be held on May 9, 2013 at The Vancouver Club, in
the University Room, 3rd Floor, 915 West Hastings Street,
Vancouver, BC, V6C 1C6 at 1:00 p.m. PST.
About Aurizon
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 by
increasing its asset base through accretive transactions. Aurizon
shares trade on the Toronto Stock Exchange under the symbol "ARZ"
and on the NYSE MKT under the symbol "AZK". Additional information
on Aurizon and its properties is available on Aurizon's website at
www.aurizon.com.
U.S. Registration (File 001-31893)
About Hecla
Established in 1891, Hecla believes it is the largest and
lowest-cost primary silver producer in the U.S. The company has two
operating mines and exploration properties in four world-class
silver mining districts in the U.S. and Mexico. Additional
information on Hecla and its properties is available on its website
at http://hecla-mining.com.
Contacts: Investor Contact: Aurizon Mines Ltd. Jennifer North,
Manager Investor Relations 604-687-6600 or Toll Free:
1-888-411-GOLD (4653) 604-687-3932 (FAX)jennifer.north@aurizon.com
/ info@aurizon.com www.aurizon.com Media Contact: Longview
Communications Trevor Zeck (604) 694-6037 Information Agent:
Georgeson Toll Free (North America): 1-888-605-7616 Outside North
America Call Collect: 1-781-575-2422askus@georgeson.com
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