New Issue: Davi Skin raises $1.7 million from stock sale

By Sheri Kasprzak

New York, April 20 - Davi Skin, Inc. said it has settled a $1.7 million private placement with Artist House Holdings, Inc.

Artist House bought 566,667 shares at $3.00 each.

The investor also received warrants for 283,333 shares, exercisable at $4.50 each for two years.

Davi Skin, based in Beverly Hills, Calif., develops skincare products.

Issuer:	Davi Skin, Inc.
Issue:	Stock
Amount:	$1.7 million
Shares:	566,667
Price:	$3.00
Warrants:	For 283,333 shares
Warrant expiration:	Two years
Warrant strike price:	$4.50
Investor:	Artist House Holdings, Inc.
Settlement date:	March 27
Announcement date:	April 20
Stock symbol:	OTCBB: DAVN
Stock price:	$1.01 at close April 20

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