Avoca makes play for Dioro

AVOCA Resources has launched a $A49 million all-scrip takeover bid for fellow Western Australian gold miner Dioro.

Avoca makes play for Dioro Avoca makes play for Dioro Avoca makes play for Dioro Avoca makes play for Dioro Avoca makes play for Dioro

Avoca is offering one share for every 2.82 Dioro shares, valuing Dioro’s shares at around 53c each, a 34.2% premium to Dioro’s closing share price on the Australian bourse on April 9.

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