African Gold Acquisition, a blank check company led by South...

African Gold Acquisition, a blank check company led by South African investors and operators targeting the gold mining industry, filed on Thursday with the SEC to raise up to $300 million in an initial public offering.

The New York, NY-based company plans to raise $300 million by offering 30 million units at $10. Each unit will consist of one share of common stock and three-quarters of a warrant, exercisable at $11.50. At the proposed deal size, African Gold Acquisition will command a market value of $375 million.

The company is led by Chairman Robert Hersov, who is the CEO and Chairman of global business development and marketing agency S-Group; CEO and Director Christopher Chadwick, the founder and CEO of resource industry advisory firm African Axis; and CFO and Director Cooper Morgenthau, who previously served as SVP of Financial Planning & Analysis at Clarivate Analytics (CCC) and a VP at M. Klein and Company. African Gold Acquisition intends to focus on gold mining businesses with a combined total enterprise value of $1 billion to $2 billion.