AMERICAN special purpose acquisition company (SPAC), Hennessy Capital Investment Corp. VI (HCVI) shareholders gave an emphatic nod to merge with Namib Minerals (Namib), which has interests in Zimbabwe’s Redwing Mine. The deal will result in a Nasdaq listing for a valuation of US$500 million.
On May 6, HCVI held a special meeting of stockholders in connection with the merger.
“HCVI’s stockholders approved the Business Combination Proposal,” HCVI said in a filing to the US Securities and Exchange Commission.
The proposal to merge was first announced in June 2024.
Namib, through its operating arm, Greenstone, owns three gold mines locally, namely, Mazowe Gold Mine, Redwing Gold Mine, and How Gold Mine, but also has interests in the Democratic Republic of Congo.
The Zimbabwean mines lie in some of the region’s most lucrative gold claims.
But the assets require significant investments to improve their operations.
- Redwing investor seals US merger
