Davi Luxury Brand Group, Inc. announced that it has received $0.33 million in funding.
May 01, 2013 at 12:00 am EDT
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Davi Luxury Brand Group, Inc. (OTCPK:MDAV) announced a private placement of 250,000 shares at $0.10 per share for gross proceeds of $25,000 on March 6, 2013. The transaction included participation from an accredited investor.
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.
Davi Luxury Brand Group, Inc. (DAVI) is a manufacturer of skincare products. The Company uses botanical ingredients, which offers a range of benefits, such as anti-aging and skin protection, reduced pore blockages and support, and boosting natural collagen. The Companyâs products include Essential Moisturizing Cream, Night Renewal Serum, Hydrating Toner, Revitalizing Cooling Mask, Clarifying Spot Treatment, Cream Cleanser, Moisturizing Face Mask, Refreshing Gentle Cleanser, Rich Moisturizing Cream and Soothing Eye Cream.
DAVI LUXURY BRAND GROUP, INC. 
