AURIZON ANNOUNCES US$50 MILLION REVOLVING CREDIT FACILITY
February 01 2011 - 6:14PM
PR Newswire (Canada)
VANCOUVER, Feb. 1 /CNW/ -- 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'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. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/February2011/01/c7099.html
table valign="top" cellspacing="0" border="0"tr valign="top"td
align="center" colspan="10"bAURIZON
MIN/bbE/bbS/bb/bbLT/bbD/bb./b/td/tr tr valign="top"td
align="center"David Hall, President and C.E.O.br/ Telephone:
604-687-6600br/ Toll Free: 1-888-411-GOLDbr/ Fax: 604-687-3932/td
td align="center" /td td align="center" /td td
align="center" /td td align="center" /td td
align="center" /td td align="center" /td td
align="center" /td td align="center" /td td
align="center"Ian Walton, Executive Vice President & CFObr/
Telephone: 604-687-6600br/ Fax: 604-687-3932/td/tr tr
valign="top"td align="center" colspan="10"Web Site: a
text-decoration="" href="http://www.aurizon.com/"www.aurizon.c/aa
text-decoration="" href="http://www.aurizon.com/"o/aa
text-decoration="" href="http://www.aurizon.com/"m/a ; Email: a
href="mailto:info@aurizon.com"info@aurizon.com/a/td/tr tr
valign="top"td align="center" colspan="10"bRenmark Financial
Communications Inc./bbr/ 1050 - 3400 De Maisonneuve Blvd Westbr/
Montreal, QC H3Z 3B8br/ Barry Mire: a
href="mailto:bmire@renmarkfinancial.com"bmire@renmarkfinancial.com/abr/
Maurice Dagenais: a
href="mailto:mdagenais@renmarkfinancial.com"mdagenais@renmarkfinancial.com/abr/
Media: Guy Hurd: a
href="mailto:ghurd@renmarkfinancial.com"ghurd@renmarkfinancial.com/abr/
Tel: (514) 939-3989 Fax: (514) 939-3717/td/tr/table
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