Business
Vitality retains the RAYA Group for investor relations
Trading Symbol: VPI VANCOUVER, July 30 /CNW/ - Vitality Products Inc. (the "Company") is pleased ...
About this update from Vitality Products Inc.
[{"type":"text","content":"\n\n\n\nTrading Symbol: VPI\n\n\nVANCOUVER, July 30 /CNW/ - Vitality Products Inc. (the "Company") is\npleased to announce that it has retained the RAYA Group ("RAYA") to provide\ninvestor relations and corporate finance and investment sourcing related\nservices to the Company. RAYA's business is to provide information on the\nCompany to shareholders and qualified investors through internet media,\nadvertising, presentations, conferences and trade shows with a goal of\nimproving the Company's overall visibility in the investment community.\n\n\nThe contract with RAYA is for an initial term of six months. RAYA will be\npaid a monthly retainer of $6,500 per month for the months of August and\nSeptember and $8,500 per month for the months of October to January. The\nretainer includes investor relations consulting fees, as well as all expenses\nrelated to corporate finance duties. RAYA will also be granted 300,000\noptions, exercisable at a price of $0.20 per share. The options shall vest in\nincrements of 25% in each of the first four quarters, and are governed by the\nterms and conditions of the Company's stock option plan. The contract with\nRAYA is subject to regulatory approval.\n\n\nRAYA was founded in 1987 by Mr. Robert A. Young, its principal, and\ncurrently maintains its offices in Vancouver, British Columbia. RAYA and\nMr. Young are at arm's length to the Company. RAYA does not own any securities\nof the Company. Mr. Young owns 68,000 common shares 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":1930,"tagName":"div"}]