Crowd-funded film raises $453,800, just shy of maximum target

Wed, 15 Oct 2014

By Suze Metherell Oct. 16 (BusinessDesk) - A new film to be directed by Lee Tamahori closed its equity crowd-funding offer overnight, coming in just shy of its maximum $500,000 target, after earlier extending the offer's deadline. 'The Patriarch', a film to be based on Witi Ihimaera's novel 'Bulibasha', locked in its minimum target of $300,000 at the end of last month, after pushing out the deadline by two weeks, on equity crowd-funding website, Snowball Effect. All up, a 181 people bought $453,800 worth of non-voting 'preferred' shares...

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