Lark Distilling to spend $40m expanding whisky production
Tasmania’s Lark Distilling Co. is to buy Pontville Distillery and Estate for $40 million, construct a new 1 million litre distillery and accelerate its single malt whisky export operations. The company is raising $53 million through a fully underwritten share placement of $46.5 million and a further non-underwritten conditional placement of $6.4 million. It will…