06/14/2012 11:23 am ET Updated Aug 14, 2012

$15 Million Pie Face Investment Funds U.S. Expansion

Pie Face Holdings, Inc., a Delaware corporation and Brooklyn, New York-based subsidiary of Pie Face Holdings Pty Ltd, based in Sydney, Australia, today announced the closing of a private placement of shares of its common stock.

Total gross proceeds to Pie Face USA were $15 million. The purchased shares represent approximately 43 percent of the issued and outstanding shares of Pie Face USA on a fully diluted basis.

The shares were purchased by Steve Wynn, the founder, chairman, and CEO of Wynn Resorts, Limited (NYSE: WYNN). Pie Face USA is also announcing that Kevin McCollum, a leading Broadway producer, will be consulting with it on its U.S. marketing programs.

Read more on QSR Magazine