Dermot Desmond could lose millions as African Gold Acquisition faces major delay

France Nouvelles Nouvelles

Dermot Desmond could lose millions as African Gold Acquisition faces major delay
France Dernières Nouvelles,France Actualités

African Gold, the Dermot Desmond-backed blank cheque company, will ask shareholders for an extension to complete a significant corporate deal - without which he could lose millions of dollars as the company will liquidate

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African Gold Acquisition Corporation, the Dermot Desmond-backed blank cheque company, will ask its shareholders for an extension to complete a major corporate deal — without which Desmond could lose millions of dollars.

The company — a special purpose acquisition company, or Spac — raised around $414 million for the purposes of making a major corporate deal, but has to pull it off. By March 2, 2023.

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France Dernières Nouvelles, France Actualités



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