Could be either TGR. Their PR states:

"San Gold will acquire a 100% interest in the Mineral Claims, thereby retaining the value of all previous work commitments, while significantly reducing future work commitments for the next two years and conserving cash."

I think based on this statement, the acquisition makes financial sense right now, whether or not there is gold in the ground or a prospective buyer is in the wings. We'll know if the market (?) likes it soon enough.