DIO 0.00% $1.27 dioro exploration nl

avo 3b

  1. 1,369 Posts.
    Can anyone make out what they are saying? And why no sustantial share holders statment for DIO?

    "Up to a further 6,127,708 shares in excess of the
    number referred to in Avoca’s Appendix 3B
    dated 11 May 2009, bringing the total to up to
    41,823,458, being the maximum number of
    shares to be issued to acquire Dioro Exploration
    NL fully paid shares (on a fully diluted basis but
    not including the 14.95% of Dioro Shares already
    owned by Avoca) under the Company’s off
    market takeover offer as set out in the Bidder’s
    Statement dated 5 May 2009 and the First
    Supplementary Bidder’s Statement dated 6 July
    2009 (plus any additional shares to be issued as a
    result of the rounding provisions in clause 2(c) of
    Avoca’s offer terms)".

    "UP TO" a further 6,127,708? they either have this number or not.
    Please call me stupid,but could someone explain why a 3b is so vague.
    Regards
 
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