Beadell Resources has denied any knowledge of a takeover bid for the company emerging from North America.
Beadell shares soared more than 20 per cent today on media reports that a takeover bid from a "North American" party might be imminent.
The big move prompted a share price query from the ASX.
The company said it was aware of the media report but unaware of any such bid.
"The company can confirm its attendance at several conferences and shareholder meetings over the past couple of weeks as indicated in the article," Beadell said in a statement.
Beadell recently began mining at its flagship Tucano gold project in Brazil, which hosts resources of about 5.1 million ounces with 1.8 million ounces in optimised open pits as well as more than 2500sqkm of prospective exploration tenements.
At the company's other major project, Tropicana East, a large drilling campaign set to commence in the latter half of the year.
Tropicana East is adjacent to Anglogold Ashanti's massive Tropicana find.Beadell shares were up 15 cents, or 19.35 per cent, to 91 cents shortly before the close of trade after touching an intraday peak of 93.5 cents.
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