Business
Dermot Desmond’s troubled gold company to be liquidated
The New York stock exchange had announced it was planning to de-list a number of the company’s financial instruments from public trading “due to the company’s inability to file its quarterly reports” for periods in 2022 and 2023.
Dermot Desmond’s African goldmine investment company, which raised more than $400 million on the New York stock exchange, has announced it is to liquidate and redistribute funds to its shareholders.
African Gold Acquisition Corporation said that it “expects to complete the redemption of all public shares on or about September 11”.
It comes after the New York stock exchange announced it was planning to de-list a number of the company’s financial instruments from public trading ...
