Developer's offering to 'regain momentum'
nhartnell@tribunemedia.net A Bahamian resort community yesterday said it would use the proceeds of a newly-launched preference share offering to "regain momentum" lost to the COVID-19 pandemic. Sir Franklyn Wilson, chairman of Jack’s Bay Developers, told Tribune Business there was no set closing date or target amount that the Eleuthera-based project was seeking to raise from investors via an offering priced at 6.25 percent and with a minimum $50,000 investment. "We're doing whatever we can to accelerate the pace of development," he told this newspaper. "We're in a position where today, as s...
Source: tribune242.com