Vatukoula Gold Mines Plc, formerly River Diamonds Plc, said on Thursday it was in early stage talks with a number of potential buyers after receiving offer approaches, sending its shares up as much as 68 percent.
The company said it was responding to the recent run up in its shares.
Vatukoula Gold Mines is a UK-based mining and exploration company with gold projects in Fiji and Brazil and an exploratory diamond project in Sierra Leone.
Vatukoula shares were up 0.38 pence at 0.98 pence at 1246 GMT on the London Stock Exchange. (Reporting by Balachander Surianarayanan in Bangalore; Editing by Gopakumar Warrier)
© Thomson Reuters 2009 All rights reserved