Shares Listed: Toronto Stock Exchange - Ticker Symbol - ARZ
NYSE Amex: - Ticker Symbol - AZK
U.S. Registration: (File 001-31893)
News Release Issue # 3 - 2011
VANCOUVER, Feb. 1 /PRNewswire-FirstCall/ - 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's CEO.
About Aurizon
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.
Copyright b. 1 PR Newswire