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Tuesday, March 5, 2013

Alamos says close to blocking Hecla's rival bid for Aurizon, (NYSE: AGI), (TSE: AGI.TO), (TSE: ARZ.TO), (AMEX: AZK)

Alamos Gold Inc said it was close to blocking Hecla Mining Co's rival bid for Aurizon Mines Ltd , and had the support of other "large shareholders."Alamos said it had 29.5 percent Aurizon shares as on Tuesday afternoon, including the 16.11 percent stake it already held in the company."I have been talking to other large shareholders, and collectively we feel that Hecla's proposal is a very very weak bet," Chief Executive John McCluskey told Reuters."By virtue of the fact that approximately 29.5 percent of the shares have already tendered to our offer, it's a guess we already have a strong enough position to block (Hecla's) plan of arrangement from going through."

Alamos Gold Inc. is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey. Shares of AGI fell by 3.6% or $-0.5/share to $13.39. In the past year, the shares have traded as low as $13.09 and as high as $20.28. On average, 9498 shares of AGI exchange hands on a given day and today's volume is recorded at 30268.

Alamos Gold Inc. is engaged in the acquisition, exploration, development and extraction of precious metals in Mexico and Turkey. Shares of AGI fell by 3.37% or $-0.48/share to $13.76. In the past year, the shares have traded as low as $13.32 and as high as $20.00. On average, 432518 shares of AGI.TO exchange hands on a given day and today's volume is recorded at 857444.

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 fell by 4.23% or $-0.19/share to $4.30. In the past year, the shares have traded as low as $3.15 and as high as $5.55. On average, 1338410 shares of ARZ.TO exchange hands on a given day and today's volume is recorded at 7334161.

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 fell by 5.19% or $-0.23/share to $4.20. In the past year, the shares have traded as low as $3.19 and as high as $5.57. On average, 968268 shares of AZK exchange hands on a given day and today's volume is recorded at 1542931.



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