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CIBC sees mining deals picking up in 2013
CIBC sees mining deals picking up in 2013
(HEINZ-PETER BADER/REUTERS)

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Aurizon looks past Alamos for acquisition suitor

Talk to George Paspalas, chief executive officer of Aurizon Mines Ltd., and you get the sense he’s not trying to defend against any and all takeovers. He just wants to be bought at a good price.

It’s a different message than the one conveyed in the circular Aurizon just filed following a hostile bid from Alamos Gold Ltd. The document is full of language that spouts the idea that Alamos is simply being opportunistic, offering to buy Aurizon at a 52-week low for its share price.