Shares Listed: Toronto Stock Exchange - Ticker Symbol - ARZ
NYSE Amex: - Ticker Symbol - AZK
U.S. Registration: (File 001-31893)
News Release Issue No. 3 - 2011
VANCOUVER, Feb. 1 /CNW/ - Aurizon Mines Ltd. (TSX: ARZ; NYSE Amex: AZK)
is pleased to announce that it has established a US$50 million
revolving credit facility with CIBC and The Bank of Nova Scotia. The
revolving credit facility has an initial three year term and is secured
by a charge over the assets of Aurizon.
Funds drawn on the facility may be used to finance working capital
requirements, acquisitions, and for general corporate purposes. There
are no hedging requirements under the terms of the credit facility.
"The credit facility, combined with our healthy cash position and strong
operational cash flow, will allow continued development of our pipeline
of projects as well as pursuing other opportunities." said David Hall,
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.
SOURCE Aurizon Mines Ltd.
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