WARNING The law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision. The usual rules do not apply to this offer if you are a person who comes within Schedule 1, clause 3(2)(a)-(c) or 3(3)(a)-(b)(ii) (inclusive) of the Financial Markets Conduct Act 2013. This includes where the amount invested upfront by the investor (plus any other investments the Investor has already made in the financial products) is $750,000 or more.
If you fall within Schedule 1, Clause 3 of the FMCA, as a result of this exclusion, you may not receive a complete and balanced set of information. You will also have fewer other legal protections for this investment. Investments of this kind are not suitable for retail investors. Ask questions, read all documents carefully, and seek independent financial advice before committing yourself.
Note: We urge you to carefully review the information Memorandum and additional attachments (if applicable) before lodging an application. In the event that there are any material changes to the Information Memorandum communications will be added to the attachments for review.
The Offer is to wholesale investors of Units representing partnership capital in Gold Income LP, a Limited Partnership to be formed to acquire established SunGold orchards during calendar year 2021.
Subject to the success of this Offer, the Partnership will purchase orchards and meet orchard purchase costs and syndicate establishment costs using a combination of contributed capital to be raised in this Offer and bank debt to a maximum overall loan to value ratio (‘LVR’) of 35%. The calculation of LVR excludes establishment fees and costs. The LVR for a particular orchard purchase may go as high as 50% in the short term to fund the initial settlement.
The Offer is to raise $15m of partnership capital in Gold Income LP, plus over-subscriptions at the Offeror's discretion. The minimum amount that must raised in the Offer is $7 million (7 million Units on a fully paid basis). The amount of capital raised in the Offer will determine the number of SunGold orchards that can be purchased (one or more) and the rate that unpaid capital is called.
The minimum investment is $50,000 and thereafter the size of an investment can be increased in multiples of $10,000 (10,000 Units). Payment of $0.20/Unit is due at the time of application. Payment of unpaid capital will be called in multiples of $0.10/Unit and subject to 20 business days notice.
The offeror currently has purchased a property at the Cnr of State Highway 10 and Stanners Road Kerikeri and has a second property under contract (subject to approval) and are continuing to source additional properties for this offer.
As a limited partner the maximum amount payable is $1.00 per Unit and no other payments are required to be made other than those specifically agreed to.
IMPORTANT DATES: Initial Closing Date 14 May 2021 subject to raising a minimum of $7 million on a fully paid basis. Stage 2 opened on 7 May 2021 and was set up for the purpose of purchasing the second property (currently under contract) - These units will be raised under separate issue and will be merged with this issue when the purchase of the 2nd property is finalised.
|Stanners Road Orchard||Kerikeri||Corner State Highway 10 and Stanners Road, Kerikeri|
|Rangitaiki Orchard||Edgecumbe||163 Western Drain Road, Edgecumbe. 3193|