Alamos Gold Inc said it could not sweeten its C$4.65-per-share offer for Aurizon Mines Ltd as its rival has not provided any new information to warrant a change in the bid. Aurizon, operator of the Casa Berardi gold mine in Quebec, on Wednesday advised shareholders to reject the C$780 million ($781.1 million) unsolicited bid, calling it inadequate and opportunistic.The company also adopted a shareholder rights plan, or a poison pill, to find alternatives to the Alamos offer.Alamos, which currently owns more than 16 percent of Aurizon and is its largest shareholder, said on Thursday it will apply to securities regulators to have the poison pill lifted before the offer expires.The offer is open until Feb. 19, unless extended or withdrawn.
Alamos Gold Inc. is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey. Shares of AGI traded higher by 0.63% or $0.1/share to $16.05. In the past year, the shares have traded as low as $13.84 and as high as $21.00. On average, 303095 shares of AGI.TO exchange hands on a given day and today's volume is recorded at 373192.
Aurizon Mines Ltd. (Aurizon), incorporated on April 8, 1988, is a Canada-based gold producer with operations and development activities in the Abitibi region of north-western Quebec. Shares of ARZ traded higher by 0.42% or $0.02/share to $4.76. In the past year, the shares have traded as low as $3.15 and as high as $5.75. On average, 785686 shares of ARZ.TO exchange hands on a given day and today's volume is recorded at 731317.
Aurizon Mines Ltd. (Aurizon), incorporated on April 8, 1988, is a Canada-based gold producer with operations and development activities in the Abitibi region of north-western Quebec. Shares of AZK remained unchanged at $4.73. In the past year, the shares have traded as low as $3.19 and as high as $5.77. On average, 740492 shares of AZK exchange hands on a given day and today's volume is recorded at 0.
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