How Mine, Redwing, and Mazowe Announce Agreement with HCVI
How Mine, Redwing Mine, and Mazowe Mine have announced that they have entered into a business agreement with Hennessy Capital Investment Corporation (HCVI).
In a Press Release, the shareholders said the transaction strongly positions Redwing and Mazowe, to resume operations, while scaling up production at How Mine.
“In the first quarter of the year 2024, the shareholders of How Mine, Redwing Mine, and Mazowe Mine announced a strategic plan to restore sustainable mining at Redwing and Mazowe, and increasing production at How Mine.
We are pleased to provide the following update;
As previously communicated, the shareholders of How, Mazowe and Redwing mines have been diligently exploring various investment options to propel these operations into a new phase of growth.
Today, we are pleased to announce a transaction by way of a business combination with Hennessy Capital Investment Corporation (“HCVI”), a reputable company listed on the Nasdaq Global Market (NASDAQ: HCVI)
The transaction strongly positions the two mines, Redwing and Mazowe, to resume operations, while scaling up production at How Mine. The transaction further demonstrates the attractiveness of Zimbabwe’s mining sector to international capital markets, thereby offering more economic opportunities for the country,” the press release read in part.
The deal is expected to be concluded by the end of the year subject to regulatory approvals.
More on the deal HERE
About Hennessy Capital Group
Hennessy Capital Group (HCG) is an alternative investment manager, serving as a strategic capital and growth partner for innovative technology companies focused on four categories: industrial, infrastructure, real estate, and climate.
HCG partners with all stakeholders, including founders, management, employees, directors, and shareholders to catalyze growth to help build enduring businesses that make positive and meaningful contributions to the world. HCG employs a partner-centric model and strictly adheres to its core values of stewardship, transparency, integrity, and accountability.
HCG invests through two core strategies: Public Equity (SPACs) and Private Equity (Growth).
- Public Equity (SPACs): Since inception, HCG has raised or acquired 16 SPACs, totaling ~$4 billion of IPO equity volume, and closed on 10 SPAC business combinations, which were valued in aggregate of ~$8 billion of enterprise value. In connection to the successful SPAC business combinations, HCG has raised ~$1 billion in total PIPE capital.
- Private Equity (Growth): HCG also maintains an active private growth equity strategy supporting visionary founders and capable management teams in their efforts to rapidly scale, build iconic brands, and deliver long-term value to shareholders.