Page 2 - Basil Hersov News Today : Breaking News, Live Updates & Top Stories | Vimarsana

By Bloomberg• 26 February 2021 Caption A worker holds a handful of gold bullion granules during manufacture at the Rand Refinery Ltd. plant in Germiston, South Africa, on Wednesday, Aug. 16. 2017. Established by the Chamber of Mines of South Africa in 1920, Rand Refinery is the largest integrated single-site precious metals refining and smelting complex in the world, according to their website. Business Maverick By Bloomberg• 26 February 2021 Caption A worker holds a handful of gold bullion granules during manufacture at the Rand Refinery Ltd. plant in Germiston, South Africa, on Wednesd...

‘A SPAC is a special purpose acquisition company and it’s like an IPO in reverse’, says Hersov. ‘Ours is the only Africa and only mining SPAC on the market – in a sea of them’. He tells BizNews founder Alec Hogg about how the exciting process works and what it entails. African Gold SPAC Targeting ‘Well-Trodden’ Nations Raises Cash By Antony Sguazzin (Bloomberg) – African Gold Acquisition Corp., a special purpose acquisition company targeting gold assets on the continent, raised a more-than-expected $360m ahead of a listing in New York on Friday. “We are the only Africa min...

Jack Vearey/ Getty African Gold Acquisition Corp., a special purpose acquisition company targeting gold assets on the continent, raised a more-than-expected $360 million ahead of a listing in New York on Friday. “We are the only Africa mining-focused SPAC amongst a sea of SPACs,” Rob Hersov, the founder and chairman of the company, said by text message. Potential acquisitions will be in “well-trodden mining countries, so no surprises. And we will likely buy a mining company and possibly add others thereafter.” Hersov is the son of Basil Hersov, who ran AngloVaal Mining, the company...