Vitality redeems 9,300 Class "A" Preference Shares, Series 3

About this update from Vitality Products Inc.

[{"type":"text","content":"\n\n\n\nTrading Symbol: VPI\n\n\nVANCOUVER, April 28 /CNW/ - Vitality Products Inc. (the "Company") has\nissued a notice of redemption to William N. Grant, a holder of the Class "A"\nPreference Shares, Series 3 (the "Preference Shares"), to redeem his 9,300\nPreference Shares with a par value of $93,000 plus all unpaid dividends of\n$34,821.64 accrued thereon to April 28, 2008. William N. Grant is a director\nand officer of the Company and the Company's independent Board members\napproved the redemption.\n\n\nThe Preference Shares, with a par value of $10 each, have a 6% cumulative\ndividend payable annually commencing January 31, 2003. The Company is entitled\nto redeem at any time any outstanding Preference Shares by paying the holder\nthereof the redemption price of $10 per Preference Share plus all unpaid\ndividends accrued thereon to the date of redemption.\n\n\nUpon the completion of the redemption, the Company has 26,920 Class "A"\nPreference Shares, Series 3 outstanding with a par value of $269,200 plus all\nunpaid dividends of $100,795.54 accrued thereon to April 28, 2008.\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":1560,"tagName":"div"}]

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