Ramelius sells Avoca shares for A$20m, seeks growth opportunities

Gold producer Ramelius Resources has sold all its shares in ASX-listed Avoca Resources, which it had received as a scrip consideration from Dioro Exploration's acceptance of Avoca’s offer. Earlier this month, Avoca gained control of Dioro when...

Ramelius owns 37,51% of Dioro as offer closes

Australian gold producer Ramelius Resources on Tuesday reported that its share offer for Dioro Exploration had expired on February 8, with a 37,51% acceptance. Ramelius noted that the final acceptance amounted to around 34,3-million ordinary...

Dioro to appoint independent expert to consider new offer

ASX-listed explorer Dioro Exploration on Monday advised its shareholders to take no action in relation to fellow listed Avoca Resource's new takeover offer, until a recommendation could be made. Avoca's new offer would comprise A$0,65 cash, and...

Dioro urges shareholders to reject Ramelius offer

ASX-listed explorer Dioro on Wednesday advised its shareholders to reject the takeover offer made by gold producer Ramelius Resources. Ramelius had on Tuesday declared its offer unconditional and was offering Dioro shareholders two of its own...

Ramelius declares Dioro offer unconditional

ASX-listed gold producer and nickel explorer Ramelius Resources on Tuesday declared its offer for Dioro Exploration unconditional, after receiving the go-ahead from the Foreign Investment Review Board (FIRB) of Australia. Ramelius required FIRB...

Company Announcement: Foreign Investment Review Board (FIRB) update

Attached please find a press release on: Ramelius Resources Limited (Ramelius) wishes to advise that it has today withdrawn and resubmitted its application for FIRB approval in respect of its proposed acquisition of all of the shares in Dioro...

Company Announcement: Take No Action Due To A New Offer Received From Ramelius

Attached please find a press release on: Dioro Exploration NL (Dioro) acknowledges the announcement by Ramelius Resources Limited (Ramelius) this afternoon that Ramelius intends to make a takeover offer to acquire all of the issued shares in Dioro...

Company Announcement: Attached please find a press release on: Avoca Resources Limited (Avoca) (ASX:AVO) and Dioro Exploration NL (Dioro) (ASX/TSX:DIO) wishes to announce that the directors of Dioro have agreed to recommend Avoca’s unconditional takeover

Attached please find a press release on: Avoca Resources Limited (Avoca) (ASX:AVO) and Dioro Exploration NL (Dioro) (ASX/TSX:DIO) wishes to announce that the directors of Dioro have agreed to recommend Avoca’s unconditional takeover offer...

Avoca increases stake in Dioro to over 17%

ASX-listed gold producer Avoca Resources has increased its shareholding in takeover target Dioro Exploration to 17,13%. “It is apparent that an increasing number of Dioro shareholder acceptances are emerging as the scheduled closing date of...

Daily podcast – July 17, 2009

In today's podcast: Gindalbie Metals remains confident that it will secure the necessary approvals to gain full access to the Karara joint venture site; and Rangold Resources' Tongon project is on track for first production in the fourth quarter...

Avoca declares offer for Dioro unconditional

ASX-listed gold-miner Avoca Resources on Monday reported that its share offer for fellow gold producer Dioro had now been declared unconditional. Avoca was offering one share for every 2,4 Dioro shares, and has accelerated payment for all Dioro...

Avoca makes $49m bid for Dioro

Australian gold producer Avoca Resources has announced a $49-million takeover offer for ASX-listed Dioro Exploration. Under the offer, Avoca would exchange one share for every 2,82 Dioro shares, which valued Dioro shares at $0,53 a share.