Dermot Desmond | Business Post

Dermot Desmond-backed gold firm gets more time to land major deal after embezzlement case

However, investors in African Gold Acquisition Corporation have asked to redeem much of the cash they put up for acquisitions

Desmond-backed gold firm fined $100,000 by US regulator over book-keeping failures

Securities and Exchange Commission charges African Gold Acquisition Corporation with “internal controls, reporting, and recordkeeping failures” after fraud committed upon company by former financial officer

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

The company will ask its shareholders for an extension to complete a significant corporate deal

Vice chair of board at Desmond’s gold firm resigns

Brian Hinchcliffe stepped down on December 16, the company announced in a statement last week

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Dermot Desmond’s punt on African Gold teeters on the edge

The billionaire Irish sponsor of the blank cheque company stands to lose a significant amount of his investment as the gold firm has a mere two months to complete a major deal while also dealing with the fallout from a major embezzlement case

Former chief financial officer at Desmond's gold firm stole money to invest in crypto and meme stocks

Cooper Morgenthau faces a possible sentence of 20 years in prison after pleading guilty to embezzling more than $5 million and losing almost all of it

Desmond-linked African Gold fund appoints new finance officer to drive deal

African Gold Acquisition must use the funds to complete a merger before next March

Desmond-backed gold mine firm under US investigation

The African Gold Acquisition Corporation is being investigated by the US Department of Justice and US market regulator the SEC

Desmond lends $830,000 to African Gold Acquisition

The Irish billionaire is helping the troubled mining investment company following revelations of improper secret financial withdrawals by former CFO

Titanic Property Development had loss of £1.7 million in 2021

The company part controlled by Dermot Desmond recorded reduced turnover of £3.4 million, down from £32.1 million

US regulator probes ‘financial irregularities’ in gold acquisition firm backed by Desmond

African Gold Acquisition Corporation says it is cooperating with the SEC following the sacking of its chief financial officer

Desmond-linked African gold fund sacks senior executive

African Gold Acquisition Corporation announced that its chief financial officer had been illicitly withdrawing money from the firm’s bank accounts

Desmond set to rescue diamond mining company from default

Credit 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 outlay

The 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 island

The 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 company

Mountain 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 sales

Mountain Province Diamonds reported last month that it had ‘turned a corner’ on its sales decline of 2020 due to the rising price of diamonds