From their company update 12 October 2007:Nickel transaction –...

From their company update 12 October 2007:

Nickel transaction – Lodestar Minerals
Last year Dioro acquired the Penfolds tenements from Harmony Gold Pty Ltd. The Penfolds tenements are located near Kalgoorlie, Western Australia, and are highly prospective for gold and nickel. Lodestar will issue 25,000,000 Lodestar Shares to Dioro for the assignment of the nickel rights over the Penfolds tenements. The Lodestar Shares wil be distributed to Dioro Shareholders at no cost, on a pro rata basis, by way of an in specie distribution.

Lodestar will then seek to raise up to $5,000,000 by way of an initial public offer of 25,000,000 Lodestar Shares with an issue price of 20 cents each, of which 20,000,000 will be offered on a priority basis to Dioro Shareholders on a pro rata basis.