Rigel Resource Acquisition Corp., a New York-listed blank-check company, is in talks to combine with a South African gold miner, people with knowledge of the matter said. The deal could value Blyvooruitzicht Gold Mining Co. at as much as $425 million, said the people, who asked not to be identified as the details aren’t public yet. The blank check company backed by Orion Resource Partners, a money manager with $8.5 billion of assets, hired Citigroup Inc. and Rand Merchant Bank to do a pre-sale and raise about $60 million early in 2024, said the people. Blyvooruitzicht, Citigroup and Rand Merchant Bank declined to ... (full story)