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Gold/Mining/Energy : Le coin des prospecteurs

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To: Jean East who wrote (13274)6/29/2006 10:34:03 PM
From: immuha   of 39449
 
Version d'Aurizon sur le jugement de jeudi.

D'une maniere, ca rapelle en beaucoup plus petit la longue bataille juridique d'Hemlo entre International Corona et Lac d'il y a longtemps concernant les "Handshake Deals".

June 29, 2006
B.C. Supreme Court Upholds Standstill Agreement; Northgate'S Unsolicited Takeover Bid Terminated

Vancouver, BC, June 29, 2006 --Aurizon reports that the Supreme Court of British Columbia today granted a permanent injunction enforcing the confidentiality and standstill agreement entered into between Northgate Minerals Corporation (TSX: NGX, AMEX: NXG) and Aurizon Mines Ltd. (TSX:ARZ, AMEX:AZK) in October 2005. The decision effectively prevents Northgate from proceeding with its unsolicited takeover bid for Aurizon.

David Hall, Aurizon's Chairman and Chief Executive Officer, said: "Once we determined that Northgate's offer was inadequate and not in the best interest of our shareholders, we initiated legal proceedings to enforce the standstill agreement. We are very pleased with the Court's ruling and remain committed to maximizing value for our shareholders."

Immuha !!!
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