News Formal

Desmond lends $830,000 to African Gold Acquisition

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 71%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Dermot Desmond has loaned $830,000 to the US-based African Gold Acquisition Corporation, in which he is a major shareholder, the firm has announced.

In a stock market update, the company said that Desmond’s loan would be used “to fund working capital deficiencies and in connection with its efforts to consummate an initial business combination”.

African Gold Acquisition, which is seeking to buy gold mines, was founded as a blank cheque company, meaning that it has ...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK turmoil set to hit Irish SMEs’ business there, Asia-focused think tank saysUK turmoil set to hit Irish SMEs’ business there, Asia-focused think tank says via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Rising construction costs, slowing GDP growth, fewer new companiesBusiness Today: the best news, analysis and comment from The Irish Times business desk Maybe fix these up instead
Source: IrishTimes - 🏆 3. / 98 Read more »