Daniels Corporate Advisory Co. Issued 20 Million Shares Of Common Stock To Its CEO

Daniels Corporate Advisory Co Inc (OTCBB:DCAC) issued 20,000,000 shares of its common stock to Arthur D. Viola, the chairman, chief executive officer, chief financial officer, principal accounting officer, treasurer, secretary, and sole director as consideration for continued employment over the next twelve months and for the aforementioned responsibilities.

The shares were issued at a per share value of $0.01 per share, due to the restrictions on transfer imposed by the Securities Act of 1933, as amended.

In that regard, the shares bear a legend restricting their transfer as required by the Securities Act. Prior to the issuance of the 20,000,000 shares, Mr. Viola owned a total of 10,466,077 shares of our common stock. Following the issuance of the 20,000,000 shares, Mr. Viola owns 30,466,077 shares of our common stock.

In a separate, unrelated event, Mr. Viola cancelled $200,000.00 of past due compensation and benefits.

As of August 11, 2015, the registrant had outstanding 53,298,319 shares of its common stock.

Daniels Corporate Advisory Co Inc (OTCBB:DCAC) is a development-stage company.

Since 2002, Daniels Corporate Advisory has been engaged in all forms of corporate development activities, including roll-ups, corporate financial consulting services, merchant banking services, merger and acquisitions assignments, and advisory on leverage buyout/management buyout transactions in a variety of industries. Its corporate financial consulting division provides advisory services to client companies.

The Company’s merchant banking services division plans include deal structure, negotiation, and senior management advisory on capital markets resources. Merchant banking includes equity funding of the growth of client and service companies, as well as funding equity of small public companies.

The services incorporated into corporate strategy advisory and implementation include market analysis, negotiation, deal structure and determination of finance alternatives.

You are viewing a republication of Market Daily News content. You can find full Market Daily News articles on (www.marketdailynews.com)