UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): March 2, 2022 (
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective February 25, 2022, the board of directors (the “Board”) of African Gold Acquisition Corporation (the “Company”) elected Zolani Kgosietsile Matthews as a member of the Board, as well as the chair of the audit committee. The Board determined that Mr. Matthews is an “independent director” as defined in the New York Stock Exchange listing standards and applicable rules of the Securities and Exchange Commission.
Mr. Matthews, 65, has served as a non-executive director of EnX Group, an industrial group that provides industrial equipment, related components, service and technical expertise to a wide range of industry sectors, since June 2020. He has also served as a non-executive director of Zarclear Holdings since June 2018. From March 2021 until November 2021, Mr. Matthews served as the former Group Chief Executive Officer of the Passenger Rail Agency of South Africa. From September 2020 until February 2021, Mr. Matthews served as Councillor for the Independent Communications Authority of South Africa, an independent regulatory body of the South African government that regulates the telecommunications and broadcasting sectors. Mr. Matthews has held directorships on several companies, including the Ports Regulator of South Africa, where he has served as Non-Executive Chairman from May 2020 to November 2021. Mr. Matthews served as the Executive Chairman of Imvula Group, an outsourcing solutions company, from April 2014 to January 2017. Mr. Matthews holds a Bachelor’s Degree in Political Science from Warwick University in the United Kingdom and a Master’s Degree in Public Administration from the John F. Kennedy School of Government at Harvard University.
There are no arrangements or understandings between Mr. Matthews, on the one hand, and any other person pursuant to which any of Mr. Matthews was selected as a director of the Company. There are no family relationships between Mr. Matthews and any of the Company’s other directors or executive officers, or persons nominated or chosen by the Company to become an executive officer or director of the Company.
There are no transactions between the Company and Mr. Matthews that are subject to disclosure under Item 404(a) of Regulation S-K.
In connection with the appointments, Mr. Matthews has agreed to become a party to that certain letter agreement, dated February 25, 2021, by and among the Company, the Company’s directors and officers, and other certain securities holders (the “Letter Agreement”) and entered into a joinder to the Letter Agreement on February 25, 2022.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| African Gold Acquisition Corporation | |||
| By: | /s/ Christopher Chadwick | ||
| Name: | Christopher Chadwick | ||
| Title: | Chief Executive Officer | ||
| Dated: March 2, 2022 | |||
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