Aurizon Mines Ltd.
TSX : ARZ
NYSE Alternext US : AZK

Aurizon Mines Ltd.

April 08, 2009 08:02 ET

Aurizon Mines Ltd. Announces Bought Deal Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

Aurizon Mines Ltd. (TSX:ARZ)(NYSE Alternext US:AZK)(NYSE Amex:AZK.A) (the "Company") has announced today that it has entered into an agreement with a syndicate of underwriters led by National Bank Financial, (the "Underwriters"), under which the Underwriters have agreed to purchase, on a bought deal basis by way of a short form prospectus, 9,708,800 Common Shares (the "Common Shares") at a price of $5.15 per Common Share (the "Issue Price") for gross proceeds of $50,000,320. The Company has granted the Underwriters an option, for a period of 30 days following the closing of the offering, to purchase up to an additional 15% of the Offering at the Issue Price to cover over-allotments, if any. The net proceeds of the offering will be used for working capital, potential acquisitions, and general corporate purposes. The offering is expected to close on or about April 29, 2009 and is subject to the Company receiving all necessary regulatory approvals.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release is not an offer to sell any of the securities in the United States.

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 Amex under the symbol "AZK". Additional information on Aurizon and its properties is available on Aurizon's website at http://www.aurizon.com.

FORWARD-LOOKING STATEMENTS

This News Release contains "forward-looking information" within the meaning of securities legislation, in particular that the offering will be successfully completed on the terms and within the time frame disclosed, the expected use of proceeds and the ability to obtain regulatory approval. Forward-looking statements express, as at the date of this News Release, the Company's estimates, expectations, or beliefs as to future events and, except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update these forward-looking statements. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include but are not limited to certain approvals, regulatory proceedings, material adverse changes in global economic and market conditions.

U.S. Registration: (File 001-31893)

Contact Information

  • Aurizon Mines Ltd.
    David P. Hall
    President and C.E.O.
    (604) 687-6600 or Toll Free: 1-888-411-GOLD
    (604) 687-3932 (FAX)
    or
    Aurizon Mines Ltd.
    Ian S. Walton
    Executive Vice President & C.F.O.
    (604) 687-6600 or Toll Free: 1-888-411-GOLD
    (604) 687-3932 (FAX)
    info@aurizon.com
    www.aurizon.com
    or
    Renmark Financial Communications Inc.
    Barry Mire
    (514) 939-3989
    (514) 939-3717 (FAX)
    bmire@renmarkfinancial.com
    or
    Renmark Financial Communications Inc.
    Henry Perron
    (514) 939-3989
    (514) 939-3717 (FAX)
    hperron@renmarkfinancial.com
    or
    Renmark Financial Communications Inc. - Media
    Vanessa Napoli
    (514) 939-3989
    (514) 939-3717 (FAX)
    vnapoli@renmarkfinancial.com