TORONTO (miningweekly.com) – Toronto- and New York-listed Aurizon Mines, which in January rejected an unsolicited C$780-million offer from Alamos Gold, on Friday said it had entered into confidentiality agreements with a number of parties regarding a potential takeover.
The company’s board said it had mailed materials to all shareholders recommending that shareholders ratify the shareholder rights plan the board adopted on January 22.
The rights plan was intended to provide the board with adequate time to identify and develop value-enhancing alternatives to any unsolicited takeover bid, including the unsolicited offer made by Alamos on January 14, 2013.
The value of Aurizon shares listed on the TSX had increased by 32.57% since the start of the year and on Friday traded at C$4.61 apiece.