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October 16, 2008
Gold Reef: BEE gamble implodes
Certain empowerment investors in Gold Reef Resorts (JSE:GDF) have been forced to sell their shares or face almost certain foreclosure.
The sellers agreed to sell 41,9m shares (about 15% of Gold Reef's issued capital) to Mainstreet 581, an indirect wholly-owned subsidiary of Tsogo Sun Holdings.
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Posted by StaffWriter at October 16, 2008 7:38 AM