Davi Luxury Brand Group, Inc. announced that it has received $0.16 million in funding.
August 16, 2012 at 09:30 am IST
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Davi Luxury Brand Group, Inc. (OTCPK:MDAV) announced a private placement of common shares for gross proceeds of $300,000 on July 11, 2012. The securities will be issued pursuant to Regulation D.
On the same day, the company issued 800,000 shares at $0.1 per share to an accredited investor for gross proceeds of $80,000.
On August 6, 2012, the company issued 250,000 shares at $0.1 per share to an accredited investor for gross proceeds of $25,000.
On August 14, 2012, the company issued 250,000 shares at $0.1 per share to an accredited investor for gross proceeds of $25,000.
On August 16, 2012, Davi Luxury Brand Group, Inc. closed the transaction. The company issued 250,000 shares at $0.1 per share to an accredited investor for gross proceeds of $25,000 in its last tranche. The company issued a total of 1,550,000 shares to a total of three accredited investors for total gross proceeds of $155,000.
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.