Johannesburg - Junior South African gold producer Village Main Reef [JSE:VIL] said on Monday it had been approached by other companies looking to acquire it and would embark on a strategic review that could lead to the sale of some or all of its assets.
The company's share price was up over 5% on the announcement at 40 cents.
Its main asset is the Tau Lekoa gold mine, which produced 110 000 ounces of gold in the last financial year.