AVOCA ANNOUNCES NEW UNCONDITIONAL TAKEOVER OFFER FOR DIORO VALUED AT $1.25 PER SHARE
On 29 December 2009, Avoca Resources Limited (“Avoca”) (ASX:AVO) announced an unconditional takeover offer for Dioro Exploration NL (“Dioro”) (ASX/TSX:DIO).
Accepting Dioro shareholders will receive:
· $0.65 in cash and 0.325 Avoca shares for each Dioro share held.
· accelerated payment terms – you will be sent the cash consideration and be issued with Avoca shares within 3 business days of receipt by Avoca of a valid acceptance.
The Avoca Offer provides a significant premium and values Dioro at $1.25 per Dioro share1.The Avoca Offer price is FINAL, and will not be increased by Avoca.
The Avoca Offer is superior to the current Ramelius scrip only offer2 for your shares. The Ramelius offer cannot be increased or extended beyond the announced closing date of Monday 8 February 2010.
On 29 December 2009, Avoca Resources Limited (“Avoca”) (ASX:AVO) announced an unconditional takeover offer for Dioro Exploration NL (“Dioro”) (ASX/TSX:DIO).
Accepting Dioro shareholders will receive:
· $0.65 in cash and 0.325 Avoca shares for each Dioro share held.
· accelerated payment terms – you will be sent the cash consideration and be issued with Avoca shares within 3 business days of receipt by Avoca of a valid acceptance.
The Avoca Offer provides a significant premium and values Dioro at $1.25 per Dioro share1.The Avoca Offer price is FINAL, and will not be increased by Avoca.
The Avoca Offer is superior to the current Ramelius scrip only offer2 for your shares. The Ramelius offer cannot be increased or extended beyond the announced closing date of Monday 8 February 2010.
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