Aurizon Acquires Common Shares of Typhoon Exploration Inc.
June 11 2012 - 5:35PM
Marketwired
Aurizon Mines Ltd. ("Aurizon") (TSX:ARZ)(NYSE MKT:AZK)(NYSE
Amex:AZK) announces that pursuant to the terms of the Fayolle
Property option agreement, it has acquired an additional 1,923,077
common shares (the "Shares") of Typhoon Exploration Inc. ("TYP") at
a cost of $500,000. The Shares represent approximately 8.8% of the
issued and outstanding common shares of TYP. As a result of the
acquisition of the Shares, Aurizon now owns 3,166,738 common
shares, representing approximately 14.5% of the issued and
outstanding common shares of TYP.
The common shares were purchased by Aurizon pursuant to the
terms of an option agreement, whereby Aurizon can earn up to 65%
interest in the Fayolle Property located 10 kilometres north of
Aurizon's Joanna Property in Quebec. Aurizon has acquired the
Shares for investment purposes only and may, depending on market
and other conditions, increase or decrease its beneficial
ownership, control or direction, or exercise its current rights to
acquire, common shares or other securities of TYP through market
transactions, private agreements or otherwise.
A copy of the Early Warning Report being filed with the
applicable securities regulators regarding the acquisition of the
Shares is available on SEDAR (www.sedar.com) and may also be
obtained by contacting the Corporate Secretary of Aurizon at the
telephone number below.
Contacts: Aurizon Mines Ltd. George Paspalas President & CEO
604-687-6600 Aurizon Mines Ltd. Julie A. Stokke Kemp Corporate
Secretary 604-687-6600 Aurizon Mines Ltd. Investor Relations
604-687-6600 or Toll Free: 1-800-411-GOLD (4653) 604-687-3932
(FAX)jennifer.north@aurizon.com or info@aurizon.com
www.aurizon.com
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