Business
Vitality announces investor relations contract
Vitality announces investor relations contract.
About this update from Vitality Products Inc.
[{"type":"text","content":"\n\n\n\nTrading Symbol: VPI\n\n\nVANCOUVER, Oct. 31 /CNW/ - Vitality Products Inc. (the "Company") is\npleased to announce that it has retained Carlyle Capital Corporation\n("Carlyle") to provide investor relations and corporate finance and investment\nsourcing related services to the Company. Carlyle's business is to provide\ninformation on the Company to shareholders and qualified investors through\ninternet media, advertising, presentations, conferences and trade shows with a\ngoal of improving the Company's overall visibility in the investment\ncommunity.\n\n\nThe contract with Carlyle is for an initial term of six months. Carlyle\nwill be paid a monthly retainer of $15,000 per month which includes investor\nrelations consulting fees, as well as all expenses related to corporate\nfinance duties. Carlyle has also been granted 150,000 options, exercisable at\na price of $0.60 per share. The options shall vest in increments of 25% in\neach of the first four quarters, and are governed by the terms and conditions\nof the Company's stock option plan. The contract with Carlyle is subject to\nregulatory approval.\n\n\nCarlyle was founded in 2005 by Mr. Morgan Good, its principal, and\ncurrently maintains its offices in Vancouver, British Columbia. Carlyle and\nMr. Good are at arm's length to the Company. Carlyle does not own any\nsecurities of the Company. Mr. Good owns 75,000 common shares and 75,000 share\npurchase warrants in the capital of the Company.\n\n\nOn behalf of the Board of\n\n\nVITALITY PRODUCTS INC.\n\n\n"William N. Grant" (signed)\n\n\n---------------------------------\n\n\nWilliam N. Grant, President & CEO\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00005856E\n\n\n","length":1911,"tagName":"div"}]