Unless you actively "file an election" by 4 PM EDT tomorrow, you will receive .9953 of a Hecla share and no cash. The problem shareholders face, in my humble opinion, is exactly what a Hecla share will be worth after the consummation of the acquisition. Unfortunately, neither Aurizon or Hecla has done a very good job of clarifying the issue.
"In view of the potential for significantly different treatment of shareholders who file an election and those who do not, shareholders are urged to file an election. If an election is not made, the shareholders will be deemed to have elected to receive 0.9953 of a Hecla share in respect of each Aurizon share, subject to pro-ration. Hecla's closing share price on May 3, 2013 was US$3.44 on the NYSE. The cash election consideration is $4.75 per share, subject to pro-ration."
I am only expressing my personal opinions or repeating public information from SEC filings or media outlets-which may or may not be correct. Do your own investigating before investing!
