Business
Vitality Announces Private Placement of $510,000 for Expansion
Vitality Announces Private Placement of $510,000 for Expansion Canada NewsWire ...
About this update from Vitality Products Inc.
[{"type":"text","content":"\n \n \n \n Vitality Announces Private Placement of $510,000 for Expansion\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSXV Trading Symbol:  VPI\n \n \n \n Vancouver, BC\n \n ,\n \n March 17, 2021\n \n /CNW/ - Vitality Products Inc. (TSXV: VPI) (the \"Company\" or \"Vitality\") is pleased to announce a proposed non-brokered private placement (the \"Private Placement\") of up to 3,000,000 units of the Company (each, a \"Unit\"), at a subscription price of\n \n $0.17\n \n per Unit, for gross proceeds of up to\n \n $510,000\n \n .\n \n \n \n \n \n \n \n \n \n Each Unit will consist of one common share (each, a \"Common Share\") and one transferable share purchase warrant (each, a \"Warrant\") of the Company, and each such Warrant will entitle the holder thereof to acquire one additional common share of the Company for a period of one year from the closing of the Private Placement at an exercise price per Warrant common share of\n \n $0.25\n \n ; provided, however, that if at any time after the date that is more than four months and one day following the closing of the Private Placement the closing price of the Company's common shares is equal to or greater than\n \n $0.40\n \n per common share for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 10th business day after the date on which such notice is given by the Company.\n \n \n There are no finder's fees or commissions associated with the completion of the Private Placement. The proceeds of the Private Placement will be used for the Company's general corporate and working capital. The Common Shares and the Warrants comprising the Units to be issued in connection with the completion of the Private Placement will be subject to a hold period of four months and a day from the date of issuance in each instance.\n \n \n \n \n About Vitality\n \n \n \n \n \n Visit our new Investor site:\n \n \n investinvitality.com\n \n \n \n \n VITALI...