Tahoe Ridge Winery sets equity offering

Tahoe Ridge Winery & Marketplace LLC of Genoa plans to raise $625,000 through the sale of equity to sophisticated investors.

The winery said in a filing with the Securities and Exchange that it believes the offering is exempt from disclosure requirements because the shares will be restricted limiting investors' ability to resell them without SEC registration and because the offering will be limited to well-heeled and financially sophisticated investors.

Minimum investment will be $25,000.

President Richard Halbardier said the company will use the funds to finance a marketplace and bistro that's under construction in Minden.

The SEC rules on private stock offerings forbid participating companies from advertising or generally soliciting investors.

Tahoe Ridge has been producing wine commercially since 2000 and operates a tasting room and gift shop in Genoa.