DIO 0.00% $1.27 dioro exploration nl

avoca launches bid for dioro

  1. 174 Posts.
    W AUST CO AVOCA RES LAUNCHES US$37 MLN BID FOR GOLD MINER DIORO
    PERTH, May 19, 2009 (AsiaPulse via COMTEX) --

    Avoca Resources Ltd (ASX:AVO) has opened its A$49 million (US$37.45 million) scrip takeover offer for gold miner Dioro Exploration NL (ASX:DIO) with the dispatch of its bidder's statement.

    The proposed transaction was approved by Australia's Foreign Investment Review Board on Monday.

    This was required because Avoca's major shareholder, Switzerland-based Pala Investments Holdings Ltd, holds a more than 15 per cent of Avoca.

 
watchlist Created with Sketch. Add DIO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.