Happy Valley Nutrition (ASX:HVM) secures A$18.5 for farmland purchase

Merricks Capital is proud to be supporting New Zealand agriculture and latest partnership with Happy Valley Nutrition. Our investment will provide opportunity for the acquisition of strategic farmland and the completion of further earthworks, an important part of the agricultural supply chain.

• Happy Valley Nutrition (HVM) has secured NZ$20 million (roughly A$18.57 million) in funding
• The funding package is made up of a NZ$12.7 million (around A$11.7 million) senior secured debt facility from a related entity of Merricks Capital, and NZ$7.4 million (around A$7 million) from the issue of secured convertible notes
• Proceeds will be used for the acquisition of strategic farmland and the completion of further earthworks
• Happy Valley Nutrition shares are up 3.13 per cent, trading at 16.5 cents

Happy Valley Nutrition (HVM) has secured NZ$20 million (roughly A$18.57 million) to fund the acquisition of strategic farmland and the completion of further earthworks.

The funding package is made up of a NZ$12.7 million (around A$11.7 million) senior secured debt facility from a related entity of Merricks Capital and NZ$7.4 million (around A$7 million) from the issue of secured convertible notes.

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Written by: Julia Seymour