Tootie Pie Gains Additional Equity
Dawson Holdings, LP, increases stake to 25%
Tootie Pie Company, Inc. (OTCBB:TOOT) announced that Dawson Holdings, LP, has invested an additional $600,000 in the Tootie Pie Company, Inc., taking their equity stake from 15% to 25%. The investment was made pursuant to a previously executed Warrant Agreement that was part of their original investment, announced in August, 2010.
“We are pleased with the Company’s progress and decided to make this additional investment,” said Vincent Dawson. “We remain excited about the future and look forward to continuing to work together with management to take advantage of the opportunities that lie ahead.”
“We are pleased with the Company’s progress and decided to make this additional investment”
“We are very appreciative of the way Vincent and Jim have rolled up their sleeves and worked with us from day one,” said Don Merrill, President & CEO. “There are a lot of opportunities out there, and these men will be critical in helping us evaluate and execute our growth plans.”
Terms of the transaction are available in the Company’s 8K, which was filed today with the U.S. Securities and Exchange Commission.
Logos, product and company names mentioned are the property of their respective owners.
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