Angel EQT has launched a partnership investment venture with Britannia’s Gold Ltd, (BGL) which is on a quest to recover cargoes of Britain’s gold and precious metals lost at sea during World Wars I and II.
Britannia’s Gold will utilise funding provided by Angel EQT investors to finance the survey and salvage operations. Working with James Fisher and Sons and Bourbon Shipping, BGL will seek to recover researched and targeted shipwreck cargoes and return them to the UK for the combined benefit of HM Government, investors and merchant marine charities.
Raising £10m from equity share capital should enable Britannia’s Gold to finance the entire first salvage programme. If successful, more are planned as BGL has developed research on over 700 target “gold carrier” wrecks.
Angel Group CEO, Dominic Berger , says: “We are delighted to welcome Britannia’s Gold as our first Angel EQT equity investment partner. This initiative offers a unique and unprecedented chance for individual investors to get involved at the earliest stage in a significant project which could result in a very positive ROI for them, as well as being of substantial national importance for Britain.”