UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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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 November 9, 2022, the Board of Directors of the Company has appointed Carl Pombar as Chief Financial Officer of the Company (the Principal Financial and Account Officer of the Company), replacing Mr. Brian Hinchcliffe who was acting as interim Chief Financial Officer since August 2022 and will no longer be acting in such capacity. Mr. Hinchcliffe remains Vice Chairman and a director of the Company.
Mr. Pombar, age 49, has been the CEO and CFO of a number of companies over the past 25+ years. Mr. Pombar is currently Founding Principal of Octane Consulting LLC, a CFO consultancy company he has led for the past 10+ years. During that time, Mr. Pombar has been consulting/interim CFO to a number of high-growth stage companies. Prior to his involvement with the Company, Mr. Pombar was CFO of VCV Digital Technology, Inc. a cryptocurrency/Web3.0 company where he led, among other initiatives, that company’s S-4 SEC filing to combine with a public SPAC company. Prior to his founding of Octane Consulting, Mr. Pombar was CEO of ArcScan, an early-stage medical device company and prior to that was a Director of M&A at Topcon, a public technology company. Mr. Pombar started his career at Citibank and later worked at Société Générale in their corporate and investment banking divisions, conducting credit analysis, financial modeling and deal structuring. Mr. Pombar has served on the Board of Directors of various early-stage companies and has been involved with various startup ventures as a founder, investor or as part of the management team. He also has experience as an adjunct finance professor at The Globe Institute of Technology in New York City. Mr. Pombar has his Masters in Business Administration with a concentration in Finance from New York University’s Stern School of Business and received his Bachelors Degree from Bucknell University.
Mr. Pombar will receive compensation to act as Chief Financial Officer of the Company, the terms of which are currently under negotiation. It is expected that Mr. Pombar will enter into an employment agreement and an indemnity agreement with the Company.
There are no arrangements or understandings between Mr. Pombar and any other person pursuant to which he was selected as the Chief Financial Officer. There are no family relationships between Mr. Pombar and any director or executive officer of the Company. Mr. Pombar does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
At this time Mr. Pombar does not hold any securities of the Company.
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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 | ||
Dated: November 15, 2022 | By: | /s/ Christopher Chadwick |
Name: | Christopher Chadwick | |
Title: | Chief Executive Officer |
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