Investing Desmond-linked African Gold fund appoints new finance officer to drive dealAfrican Gold Acquisition must use the funds to complete a merger before next March
Business Desmond-backed gold mine firm under US investigationThe African Gold Acquisition Corporation is being investigated by the US Department of Justice and US market regulator the SEC
Companies Desmond lends $830,000 to African Gold AcquisitionThe Irish billionaire is helping the troubled mining investment company following revelations of improper secret financial withdrawals by former CFO
Property Titanic Property Development had loss of £1.7 million in 2021The company part controlled by Dermot Desmond recorded reduced turnover of £3.4 million, down from £32.1 million
Companies US regulator probes ‘financial irregularities’ in gold acquisition firm backed by DesmondAfrican Gold Acquisition Corporation says it is cooperating with the SEC following the sacking of its chief financial officer
Companies Desmond-linked African gold fund sacks senior executiveAfrican Gold Acquisition Corporation announced that its chief financial officer had been illicitly withdrawing money from the firm’s bank accounts
Companies Desmond set to rescue diamond mining company from defaultCredit ratings company Fitch has downgraded Canada-based Mountain Province, of which the billionaire is the major shareholder
Desmond is key player in blank cheque mining firm’s potential €414m outlayThe tycoon is advising African Gold Acquisition Corporation on raising funds through the stock market, and has invested nearly $12 million himself
Loan deal means Desmond can push diamond mine stake to 46%Tycoon Dermot Desmond, through one of his investment vehicles, has acquired warrants to buy up to 41 million shares in Mountain Province Diamonds in Canada
Tycoon Desmond sets out luxury development plans for Caribbean islandThe billionaire mogul has dismissed reports of a rift with his business partner over a scheme to establish a high-end resort on Canouan, the St Vincent and Grenadines island
Dermot Desmond ups stake in Mountain Province as mine’s fortunes turn The financier has grown his share to 35.4 per cent and offered a $50m loan facility as diamond prices rise and the firm hits a new ‘high-water mark’ for sales
Desmond to invest €50m in Canadian diamond mine companyMountain Province says agreement on ‘balance sheet strengthening package to provide increased financial flexibility’ will be concluded early this year
Desmond-backed diamond firm breaks $1bn in gem salesMountain Province Diamonds reported last month that it had ‘turned a corner’ on its sales decline of 2020 due to the rising price of diamonds
Mountain Province ‘turns a corner’ as diamond prices soarA low share price and liquidity gap are still causing concerns for Dermot Desmond’s mining firm, its chief executive has told investors
Desmond faces revolt from Celtic shareholders at next agmThe billionaire financier, who owns 34.7 per cent of the shares in the Scottish Premier League club, has faced mounting criticism following their disastrous 2020-21 season
Dermot Desmond tells O’Brien investment funds are ‘having a laugh’ at IrelandIn letters to Darragh O’Brien, the billionaire financier said ‘what is happening at the moment from an Ireland Inc perspective is insane’
Desmond’s diamond mining firm seeks new chief executive Stuart Brown stepped down with immediate effect last week in a ‘mutual’ decision, to the surprise of analysts
Desmond’s Covid-19 passport app gains 1.5 million usersVeriFly, an app produced by Dermot Desmond’s biometrics company, checks Covid-19 vaccination certs and tests
TV review: A peek at how the elites weathered the pandemicIreland’s Rich List revealed that online payment moguls John and Patrick Collison are top of the heap, and that Dermot Desmond had a bumpy 2020
Induction Healthcare in €30 million Australian medtech dealThe move will significantly strengthen the market position of British firm Induction Healthcare, in which the businessman is a key shareholder
