AURIZON ANNOUNCES US$50 MILLION REVOLVING CREDIT
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
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.