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Mustard Seed Property

Mustard Seed Share Offer 2020

£250 minimum

Open share offers are subject to changes and updates as the project progresses.

Check back with this tab to find the latest project update.

Latest update: 30/09/2020

Update: 30/09/2020

 The Directors of Mustard Seed Property have announced an extension to their share offer today.  The following letter has been distributed to existing investors today.

Extension of Share Offer

 

Dear investors in Mustard Seed Property

We hope you and your families are keeping safe and well during these challenging times.

The final closing date of our live community share offer has been extended by two months to 30 November 2020 in order to give more people the opportunity to invest. Nearly every day more people are investing and the raise to date now stands at £330,000 from just over 100 different investors (correct at the date of this letter).

We extend our thanks to those of you who have invested and can confirm, as per the offer document, that this extension does not delay any investment made before the end of September.

Given that we have reached our minimum target set in the offer document the Board will be drawing down all monies raised to date from Ethex to this point. All fully subscribed and paid up investors will be allocated their shares, for all investments made up to 30 September 2020, and qualify to start earning interest from 1 October 2020.

Yours sincerely

Directors of Mustard Seed Property

Contact us at info@mustardseedproperty.co.uk

Update: 26/08/2020

Below is the copy of the press release from Mustard Seed Property annoucing the £50,000 match funding investment from Co-op UK and the extension of the close date of the share offer from 31st August 2020 to 30th September 2020:

 

Extension of Share Offer


Dear Friend

We hope you and your families are keeping safe and well during these challenging times.  We have found it incredibly humbling that during the pandemic so many individuals from Cornwall and beyond have supported Mustard Seed Property’s (MSP) latest community share offer. We are delighted that several investors from previous share offers have returned to reinvest, as well as a
large number of new investors. Thank you.

The 2018 community share offer enabled us to purchase our second property, this time in Redruth, and our current community share offer, will enable us to refurbish and adapt the property. With help from the Architectural Heritage Fund and Co-ops UK, we successfully met our minimum target of £150,000 and we are now working towards our optimal target of £600,000, which will enable us to purchase a third property. This will most likely be for a new partner, based in Newquay, providing accommodation for those recovering from substance misuse supported in the community.

The closing date of our live community share offer has been extended by one month to 30 September in order to give more people the opportunity to invest. Nearly every day more people are investing and the raise to date now stands at £278,000 (correct at time of sending). We hope to secure further match funding as we reach further milestones, so that for every £1 invested, another £1 will be matched. Now is a great time to invest, because all funds invested before 30 September will qualify to start earning interest from 1 October. Please share with your friends by forwarding this email or spreading the word on social media. Invest on the Ethex website.

Kind regards
MSP Directors

The full press release is available to read online here.

 

£429,44671%
Applied for to date, of
£600,000 target

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