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Taung Gold confirms M&A talks but unaware of reasons for share price rise

Taung GoldInternational Ltd. on July 11 said it noted the recent share pricerise and unusual share trading volumes but that it is not aware of a particularreason for this.

The group said it is in discussions regarding severalpotential investments and acquisitions but has not entered into any bindingagreements yet.

Taung warned there can be no guarantee that it will enterinto any agreement as a result of these discussions.

The Hong Kong listed company's shares ended July 8 at9 Hong Kong cents apiece but had risen to 13 cents each at July 11 tradingclose.