Business
Vitality announces appointments; to raise $3 million
Trading Symbol: VPI VANCOUVER, Nov. 7 /CNW/ - Vitality Products Inc. (the "Company") is pleased t...
About this update from Vitality Products Inc.
[{"type":"text","content":"\n\n\n\nTrading Symbol: VPI\n\n\nVANCOUVER, Nov. 7 /CNW/ - Vitality Products Inc. (the "Company") is\npleased to announce the appointment of Thomas Bartz to the newly created\nposition of Chair of the Ethanol Project Analysis Team. Mr. Bartz has over 20\nyears of experience in the petrochemical industry. Mr. Bartz worked at\nExxonMobil, British Petroleum, Tosco and Tesoro Petroleum during his career in\nthe petrochemical industry. Mr. Bartz held various responsibilities while in\nthe industry including engineering, business development, wholesale marketing,\nand merger and acquisitions. Mr. Bartz' most recent role was Vice President of\nRetail for Tesoro Petroleum. Mr. Bartz is currently CEO of Accelitec, Inc.\n\n\nMr. Bartz will be responsible for the analysis of a sufficiently detailed\nfeasibility study to determine whether the proposed ethanol plant to be\nsituated in Whatcom County, Washington (the "Plant") is economically feasible\nand he will assist the Company in making a decision to pursue the construction\nof the Plant. Other members of the Ethanol Project Analysis Team include\nChristopher Landrum, Project Coordinator; and David Evans, P.Eng., Project\nManager. The Company has made considerable progress towards making a final\ndecision whether to proceed with the construction of the Plant.\n\n\nThe Company is also pleased to announce the appointment of David Randle,\nB.Sc., an experienced marketing and product development specialist, who will\nfurther the development of consumer and commercial marketing and sales\nprograms for the Company's existing approved natural nutraceuticals and\ncondition specific formulated products. Mr. Randle has over 30 years of\nexperience in consumer product marketing in Canada and the United States. In\naddition, Mr. Randle will investigate the opportunities for nutraceuticals and\nother consumer and commercial co-products that result from production at\nethanol plants in the North American market.\n\n\nThe Company is arranging a non-brokered private placement of up to 5\nmillion units of the Company at a subscription price of $0.60 per unit for\ngross proceeds of up to $3 million, subject to regulatory approval. Each unit\nconsists of one common share and one share purchase warrant of the Company,\nand each such warrant will entitle the holder thereof to acquire one\...