Davi Luxury Brand Group, Inc. announced that it has received $0.16 million in funding.
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.