By Sheri Kasprzak
New York, March 10 - Aurizon Mines Ltd. said it intends to raise C$15,125,000 in a private placement.
The deal includes 5.5 million flow-through shares at C$2.75 each.
The offering is being placed through a syndicate of agents led by Wellington West Capital Markets Inc. and including Dundee Securities Corp., National Bank Financial Inc., BMO Nesbitt Burns Securities Ltd. and Orion Securities Inc.
The company expects the deal to close March 30.
Proceeds will be used for exploration on the company's Casa Berardi gold project and for other exploration expenses.
Aurizon, based in Vancouver, B.C., is a gold exploration company.
| Issuer: | Aurizon Mines Ltd.
|
| Issue: | Flow-through shares
|
| Amount: | C$15,125,000
|
| Shares: | 5.5 million
|
| Price: | C$2.75
|
| Warrants: | No
|
| Placement agents: | Wellington West Capital Markets Inc. (lead), Dundee Securities Corp., National Bank Financial Inc., BMO Nesbitt Burns Securities Ltd., Orion Securities Inc.
|
| Pricing date: | March 10
|
| Settlement date: | March 30
|
| Stock symbol: | Toronto: ARZ
|
| Stock price: | C$2.25 at close March 9
|
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