Irish exploration company West African Diamonds, which is listed on London's AIM market, has confirmed that it has received an approach which may lead to a takeover of the company.
The company said due diligence was being conducted and decision was likely within the next two months.
West African Diamonds listed on the AIM in January 2007 and has since developed mining projects in Guinea and Sierra Leone.
The company also announced that it planned to expand operations in Guinea due to positive results, but would scale down activities in Sierra Leone due to the deteriorating security situation and disappointing drilling results.
