Mustard Seed Property have decided to extend their investment offer to the 30th November. Below is a copy of a letter from the MSP Directors explaining the reasons for the extension and how this might affect on the remainder of the raise.
Mustard Seed Property - Recent share offer
Firstly, I would like to thank you very much for your recent investment in Mustard Seed Property.
We are delighted with how this share offer has progressed, having reached the milestone of £300,000, which was the target of our minimum raise. In fact, we currently stand at a total of £323,400.
Following conversations between the Directors and Ethex we have decided that in order to make the most of this opportunity we are continuing our fund raise to get as close as we can to our original target of £600,000.
This will allow us to carry out refurbishments to a higher standard with particular thought to achieving both low maintenance and running costs where possible, and will strengthen the possibility of using appropriate low carbon technologies to reduce the utility bills for our tenants and simultaneously generate a return from feed-in-tariffs and/or renewable heat incentives.
Therefore, we plan to continue raising until 30th November 2018, so please share the Mustard Seed Property offer with your network of friends and family, as if they are interested there is still time for them to invest via Ethex.
This continuation of raising does not affect your investment, and if you have paid for your share allocation, we will be issuing you with a share certificate shortly to reflect your holding in Mustard Seed Property.
We will also be writing to you over the coming months to update you on the progress we are making, as we start our exciting journey to provide housing and support to nine vulnerable adults with learning difficulties in Cornwall.
Once again thank you for your investment and support