Moa raises $329k from US investor at a premium, Allan Scott leaves board

Mon, 31 Jul 2017

By Paul McBeth Aug. 1 (BusinessDesk) - Moa Group, the craft beer brewer, has raised about $329,000 from a US investor who paid a 6.8 percent premium for the small shareholding, and announced a board reshuffle with the exit of founding director and pioneering winemaker Allan Scott. The Marlborough-based brewer sold almost 628,000 shares, or 1.2 percent of the company, at 59.34 cents apiece to an unidentified US investor, more than the 49 cents the stock last traded at. Chief executive Geoff Ross said the investor had followed Moa for...

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