BOLDFACE Group, Inc. Closes a $2 Million Financing

SANTA MONICA, Calif., Dec. 27, 2012 /CNW/ - BOLDFACE Group, Inc. (BLBK), a 
Santa Monica, California based celebrity beauty licensing company founded by 
beauty industry veterans focused on top tier entertainment and designer 
opportunities in the market, including the "Khroma Beauty by Kourtney, Kim and 
Khloe Kardashian" brand (the "Company"), today announced that on December 21, 
2012 the Company completed a private placement with a group of accredited 
investors of 12% secured convertible notes in the aggregate principal amount 
of $2,000,000 (the "Notes") and 5-year warrants (the "Warrants") to purchase 
8,000,000 shares of the Company's common stock, 50% of which are exercisable 
at $0.50 per share and 50% of which are exercisable at $1.00 per share. 
"The closing of this private placement is the next major milestone for 
Boldface after a strong holiday season and our brand introduction to 4,500 
doors. This additional capital assures a solid launch into market in the first 
quarter of 2013 with the core items in its "Khroma Beauty by Kourtney, Kim and 
Khloe Kardashian" brand," said Nicole Ostoya, the Chief Executive Officer and 
President of the Company. 
The Notes are convertible into shares of common stock at any time prior to 
maturity at $0.25 per share, subject to a one-time reset. The Notes will 
mature on August 21, 2013 and contain customary affirmative and negative 
covenants of the Company. The conversion price of the Notes and the exercise 
price of the Warrants are subject to "weighted average" and other customary 
anti-dilution protections. The Company is obligated to register the shares of 
common stock underlying the Notes and Warrants within a pre-defined period. 
Net proceeds from the offering are expected to be used for general corporate 
For more detailed information on this financing, see the Company's Current 
Report on Form 8-K which will be filed with the United States Securities and 
Exchange Commission on or about December 28, 2012. 
This press release does not constitute an offer to sell or the solicitation of 
an offer to buy any security and shall not constitute an offer, solicitation 
or sale in any jurisdiction in which such offer, solicitation or sale would be 
BOLDFACE is a Santa Monica, California based celebrity beauty licensing 
company founded by Nicole Ostoya and Robin Coe-Hutshing, beauty industry 
veterans. Please visit for further information. 
Safe Harbor Statement 
Any statements contained in this press release that do not describe historical 
facts may constitute forward-looking statements as that term is defined in the 
Private Securities Litigation Reform Act of 1995. Any forward-looking 
statements contained herein are based on current expectations, but are subject 
to a number of risks and uncertainties. The factors that could cause actual 
future results to differ materially from current expectations include, but are 
not limited to, risks and uncertainties relating to the availability of 
additional funding; and the Company's business, product development, marketing 
and distribution plans and strategies. These and other factors are identified 
and described in more detail in the Company's filings with the United States 
Securities and Exchange Commission, including, the Company's Current Reports 
on Form 8-K. The Company does not undertake to update these forward-looking 
Jodi Hassan of Alison Brod Public Relations, +1-212-230-1800, 
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CO: BOLDFACE Group, Inc.
ST: California
-0- Dec/27/2012 21:06 GMT
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