Panache Beverage Inc. (OTCPK:WDKA) announced a private placement of 300,000 shares of common stock at $0.15 per share with returning investor David Shara, a Director of the company, for gross proceeds of $45,000 on July 8, 2014. Post the closing of the transaction, David Shara directly owns 460,000 shares of common stock in the company. The company issued the securities pursuant to exemption provided under Regulation D. Each outside investor will invest minimum of $45,000 in the transaction.

On July 8, 2014, Panache Beverage Inc. closed the transaction.