Bermuda-based Dundee International, a wholly owned subsidiary of Dundee Bancorp (TSE), has withdrawn its offer to purchase 100% of the outstanding shares of Knights Gold Mining. Knights is engaged in processing gold-bearing tailings in Johannesburg, South Africa.
Discussions with the South African Reserve Bank indicated that Dundee International’s offer would not be allowed to proceed under current control guidelines.
Be the first to comment on "Dundee subsidiary withdraws offer"