Dioro Exploration NL - Notice of intention to make takeover offer from Avoca



    
    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION THROUGH A
    U.S. NEWSWIRE SERVICE/
    

    PERTH, Western Australia, April 14 /CNW/ - DIORO EXPLORATION NL ABN 31
009 271 532 (ASX/TSX: DIO)
    In accordance with ASX Listing Rule 3.1, Dioro Exploration NL ("Dioro")
advises that it has received notification of an intention to make a takeover
offer from Avoca Resources Limited ("Avoca").
    Avoca's offer is unsolicited and proposes to offer Avoca shares for Dioro
shares.
    Dioro's shareholders are advised to TAKE NO ACTION in relation to Avoca's
offer or any document received from Avoca until they receive the Dioro
Directors' formal recommendation.
    The Dioro Directors intend keeping shareholders updated on further
developments as they occur and will provide a formal recommendation following
receipt of Avoca's Bidder's Statement.

    
    Yours faithfully

    (signed) "Rhod Grivas"

    Managing Director and CEO
    





For further information:

For further information: Rhod Grivas, Managing Director & CEO Dioro
Exploration NL, Phone +61 8 9423 3220; David McArthur, Dioro Company
Secretary, Phone: +61 8 9423 3220; Max Fowles, Pendulum Capital Pty Limited,
Phone: +61 8 9282 5402; Dioro Exploration NL, Registered Office: Level 2, 45
Stirling Highway, Nedlands, Western Australia, 6009, Telephone (08) 9243 3228,
Facsimile (08) 9389 8327, Website: www.dioro.com.au, Postal Address: PO Box
985, Nedlands, Western Australia, 5909

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DIORO EXPLORATION NL

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