Aurizon Mines Ltd advised its shareholders on Tuesday to hold off on taking any action on an unsolicited takeover proposal from rival gold miner Alamos Gold Inc while it reviews the bid.Vancouver, British Columbia-based Aurizon, which operates the Casa Berardi gold mine in Quebec, said it was evaluating the C$780 million ($791.4 million) offer with its financial and legal advisors. It also plans to appoint a special committee of its board members to review the proposal.Aurizon advised shareholders defer from taking any action on the Alamos offer until its board makes a recommendation.Toronto-based Alamos said on Monday that it was making an offer directly to Aurizon shareholders, as past attempts to clinch a friendly deal had failed.
Alamos Gold Inc. is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey. Shares of AGI remained unchanged at $14.90. In the past year, the shares have traded as low as $13.84 and as high as $21.00. On average, 252440 shares of AGI.TO exchange hands on a given day and today's volume is recorded at 0.
Aurizon Mines Ltd. (Aurizon) is a Canada-based gold producer with operations and development activities in the Abitibi region of north-western Quebec. Shares of ARZ remained unchanged at $4.55. In the past year, the shares have traded as low as $3.15 and as high as $5.75. On average, 640678 shares of ARZ.TO exchange hands on a given day and today's volume is recorded at 0.
Aurizon Mines Ltd. (Aurizon) 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 $4.58. In the past year, the shares have traded as low as $3.19 and as high as $5.77. On average, 637400 shares of AZK exchange hands on a given day and today's volume is recorded at 0.
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