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
DIO Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held