I beleive this is a Chinese company making this aqusition. If it is Chinese, I would say they are on the prowl. This one appears to have over 20 million ounces of gold, and being paid with by shares.
http://www.streetinsider.com/Press+Releases/Wing+Hing+Acquires+Taung+Gold+Limited+at+a+Consideration+of+up+to+US%24580%2C000%2C000+to+be+Satisfied+by+Issuance+of+Shares/6409441.html