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 soon as this COVID-19 pandemic thing is behind us, we can do what we want to do. The more funding we can raise, the more we can do in the interim. We re using the down time to make the place better to come to.