London, England — MININGREVIEW.COM — 22 February 2010 – Cluff Gold plc “’ a TSX and AIM-listed company focused on the identification, acquisition, development and operation of gold deposits in West Africa “’ has confirmed that it has received an approach regarding a possible offer for the company from a third party.
Revealing this here in response to a surge in its share price on the AIM, the company stated that discussions were at a very early stage, and there could be no certainty that these would lead to an offer for Cluff.
The company’s share price rose 12.37% to 79.5 pence a share on Friday, compared with Thursday’s close of 70.7 pence a share. Its share price had reached a high of 90 pence a share earlier on Friday.
In accordance with Rule 2.10 of The City Code on Takeovers and Mergers, Cluff announced that, as at the close of business on 18 February 2010, its issued share capital had consisted of 122,465,595 ordinary shares of 1 pence each.
The company statement added that a further announcement on the possible offer would be made when appropriate.
Cluff Gold has a portfolio of mineral interests at various stages of development in Côte d’Ivoire, Burkina Faso, Sierra Leone and Mali.