By Sheri Kasprzak
Atlanta, March 15 - Aurizon Mines Ltd. said it has increased the size of its previously announced C$20 million private placement to C$25.3 million.
The offering now includes up to 10,555,555 flow-through shares at C$1.80 each and up to 4,222,221 common shares at C$1.50 each.
The deal was first announced March 14 as a C$20 million offering of up to 3,333,333 common shares and 8,333,333 flow-through shares at the same prices.
Based in Vancouver, B.C., Aurizon is a gold exploration company. It plans to use the proceeds to continue pre-production construction and exploration at Casa Beradi, where 66,000 meters of diamond drilling is expected this year.
| Issuer: | Aurizon Mines Ltd.
|
| Issue: | Flow-through shares and common shares
|
| Amount: | C$25.3 million
|
| Pricing date: | March 14
|
| Upsized: | March 15
|
| Stock price: | C$1.39 at close March 14
|
| Stock price: | C$1.41 at close March 15
|
|
|
| Flow-through shares
|
| Issue: | Flow-through common shares
|
| Shares: | 10,555,555
|
| Price: | C$1.80
|
| Warrants: | No
|
|
|
| Common shares
|
| Issue: | Common shares
|
| Shares: | 4,222,221
|
| Price: | C$1.50
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