Rich Lister hotels baron Bruce Mathieson Snr has taken a small stake in ASX-listed Lark Distilling Co in a $9 million capital raising as the reborn group with a high-powered board of directors eyes growth in premium whisky from its Tasmanian base.
Lark's share price has almost doubled to $1.37 since the beginning of the pandemic in March. Mr Mathieson has just picked up a small chunk in a capital raising at $1.10 which was completed last week after the stock went into a trading halt on September 17.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
