Canada-based miner Alamos Gold has filed an application with the British Columbia Securities Commission preventing a shareholder rights action by Aurizon Mines.
Alamos Gold has also sought for blockage of break fee payment to Hecla Mining accusing Aurizon of holding back shareholders right to vote for takeover bid.
Alamos said in its statement, "The Aurizon board has taken the extraordinary step of adopting a second poison pill in an effort to prevent Aurizon shareholders from exercising their rights to accept the Alamos offer."
However, Aurizon has claimed that it will support the superior bid by Hecla over the Alamos’ application.
Alamos president and chief executive officer John A. McCluskey has underplayed the allegations of Aurizon that the former is manipulating Aurizon’s shareholders.
"We believe Aurizon shareholders should have the right to choose either way. It is the Aurizon board through poison pills and egregious break fees that is effectively blocking Aurizon shareholders from tendering to the Alamos offer," added McCluskey.
Alamos Gold that already owns 16% in the company has applied to takeover additional 17.3% stake in Aurizon.