Aurizon Mines offer

Vancouver-based Aurizon Mines (TSE) has made an offer to redeem all of the company’s 5 7/8% Swiss franc convertible bonds totalling 35 million francs ($32.5 million). For each 5,000 franc ($4,643) principal amount, the bondholder will receive 147 francs ($135) representing accrued interest, 600 francs ($557) representing 12% of the principal amount and 1,150 series A convertible preferred shares. The latter are convertible into common shares at the option of the holder at any time after 90 days following their issuance.

The offer is restricted to bondholders who are not residents of Canada or the U.S. The Geneva- based branch of Banque Indosuez will act as principal exchange agent for the offer which is open for acceptance until Jan. 11.