We intend to focus our search on gold mining businesses that would benefit from access to public markets and the operational and strategic expertise of our management team. (This new blank-check company or SPAC is incorporated in the Cayman Islands.) 

Robert Hersov, our chairman, is a South African entrepreneur, senior executive and private investor based in Cape Town. He currently serves as the chairman and CEO of the S-Group, a global business development and marketing agency. Mr. Hersov has been a member of many public and private boards. He has founded and owns companies in the aviation, resource, media/marketing, member network and finance sectors. He serves as chairman (and founder) of Invest Africa, chairman (and founder) of African Capital Investments, chairman (and founder) of Alternative Capital, chairman and CEO of the S-Group (100% owner and founder), and deputy chairman of the VistaJet advisory board.

Christopher Chadwick, our CEO,  served as the chief executive officer of Gold One International (Pty) Limited (“Gold One International”) from 2012 to 2017. During his tenure with Gold One International, Mr. Chadwick led the development and commissioning of Gold One International’s Modder East mine in 2009. Mr. Chadwick also co-founded and served on the board of Sibanye-Stillwater Limited (JSE: SSW and NYSE: SBSW), the eighth-largest gold company internationally, the largest gold producer in South Africa, and one of the world’s leading palladium and platinum producers. He was instrumental to Sibanye’s acquisition of Stillwater Mining Company in 2017, which had an enterprise value of $2.2 billion at the time of the transaction. His experience has given Mr. Chadwick exposure to multiple commodities, both precious and other, during his career with a current focus on gold and strategic metals.

(Note: African Gold Acquisition upsized its SPAC IPO at pricing on Feb. 25, 2021: 36 million units, up from 30 million, at $10 each to raise $360 million.)