News and Announcements
The West Winds Gin Capital Raising Update
- Published November 10, 2014 1:39PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
The Tailor Made Spirits Company Limited Board has elected to extend the closing date for the current capital raising until the 30th of November 2014.
As of the 31st of October the Company had received a combination of committed funds and expressions of interest that the company believe indicate that they will be successful in closing their capital raising at a figure above their stated minimum of $400,000 by the extended date.
Through the capital raising process, the Board has been put in contact with 3 separate parties that may provide options for securing non-dilutive debt finance rather than equity. Paul White, the CEO of the company, says: “We are obtaining more information and terms around these options to determine if this is a viable option. We intend to complete this evaluation during November in line with our extended capital raise timeline”.
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