Whisky Co notches up Pledge Me minimum

The New Zealand Whisky Company has hit its minimum $500,000 threshold on PledgeMe, and extended its offer period, which was to end  tomorrow but has been extended to December 17.

The company is seeking to raise  $2 million towards redevelopment of its Oamaru operation and commissioning of a distillery, after two stills from China arrived in Dunedin in recent weeks. A final decision on its location is yet to be made.

Investors have been sought for The New Zealand Whisky Collection and will gain a shareholding in  registered company The New Zealand Whisky Co Ltd, which at present has 9.8million shares, held by company founder Greg Ramsay.

Mr Ramsay said in a statement Kyoto firm LiquorMountain had been appointed as the company’s Japanese importer and distributor, a Taiwanese importer had placed a second, larger order and discussions were under way with three  Chinese importers.

The company still has 103 of the original 443 barrels of whisky from the former Dunedin Wilsons distillery, bought  in 2010, but a further more than 100 barrels had been made by a New Zealand-based production partner.

General manager Grant Finn said the company was considering a Dunedin whisky museum and distillery, and that another reason  crowdfunding was being extended was because of complexities which arose when  overseas people joined New Zealand crowdfunding schemes.

simon.hartley@odt.co.nz

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