Davi Luxury Brand Group, Inc. announced that it has received $0.33 million in funding.
On April 12, 2013, the company issued additional 1,000,000 shares of common stock to a second accredited investor for proceeds of $100,000.
On April 30, 2013, the company issued additional 1,000,000 shares of common stock to an accredited investor for proceeds of $100,000.
On May 1, 2013, Davi Luxury Brand Group, Inc. closed the transaction. The company issued additional 1,000,000 shares to an accredited investor for proceeds of $100,000. The company also issued a warrant to purchase 250,000 shares at $0.10 per share for a period of one year from the date of issue. The company raised total of 3,250,000 shares in this transaction for gross proceeds of $325,000.