Decisions

Alamos Gold Inc. and Aurizon Mines Ltd. [Order]

BCSECCOM #:
2013 BCSECCOM 49
Document Type:
Order
Published Date:
2013-02-18
Effective Date:
2013-02-18
Details:

2013 BCSECCOM 49

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Order

Alamos Gold Inc.

and

Aurizon Mines Ltd.

Section 161 of the Securities Act, RSBC 1996, c. 418 Background

¶ 1 On February 5, 2013, Alamos Gold Inc. made an application to the British Columbia Securities Commission for an order pursuant to section 161 of the Securities Act, RSBC 1996, c. 418, that trading cease in respect of any securities issued, or to be issued, under or in connection with the Shareholder Rights Plan Agreement of Aurizon Mines Ltd. dated January 22, 2013 (the Rights Plan).

¶ 2 Alamos represented to the Commission that upon the granting of this Order, Alamos will extend its offer for all the outstanding common shares of Aurizon, as set out in the take-over bid circular dated January 14, 2013 (the Offer) to March 5, 2013 at 5:00 PM Toronto time (the New Expiry Date) and that Alamos will not take up and pay for any share under the Offer prior to the New Expiry Date.
      Order
¶ 3 The Commission, being advised of the consent of Alamos and Aurizon to the making of this order, and considering it would not be prejudicial to the public interest, orders, pursuant to section 161 of the Act, that trading cease in respect of any securities issued, or to be issued, under or in connection with the Rights Plan, effective at 5:00 PM Vancouver time on March 4, 2013, unless before 5:00 PM, Vancouver time on March 4, 2013, Aurizon:
      1. disseminates to the public a news release confirming it has waived the Rights Plan; and
      2. files with the Commission the news release and the directors’ resolution waiving the Rights Plan.

¶ 4 February 18, 2013


      Brent W. Aitken
      Vice Chair



      Kenneth G. Hanna
      Commissioner



      Don Rowlatt
      Commissioner