Business
William N. Grant acquires 842,827 common shares of Vitality
William N. Grant acquires 842,827 common shares of Vitality.
About this update from Vitality Products Inc.
[{"type":"text","content":"\n\n\n\nTrading Symbol: VPI\n\n\nVANCOUVER, Oct. 3 /CNW/ - Mr. William N. Grant, President & CEO of\nVitality Products Inc. ("Vitality"), wishes to announce that he has acquired\nindirect ownership of 842,827 common shares in the capital of Vitality\npursuant to the conversion by D.B.C. Financial Corporation of its 22,775 Class\n"A" Preference Shares, Series 4 at a deemed value of $10.00 per share in the\ncapital of Vitality, plus all unpaid dividends accrued thereon to the date of\nconversion, at the conversion price of $0.35 per common share. William N.\nGrant, a director and officer of Vitality, indirectly owns D.B.C. Financial\nCorporation.\n\n\nUpon the completion of the conversion, Vitality has 18,684,400 common\nshares outstanding. The 842,827 common shares purchased by D.B.C. Financial\nCorporation through the conversion represent 4.51% of the outstanding common\nshares of Vitality. After the completion of the conversion, Mr. Grant, through\neither direct ownership or indirect ownership, beneficially owns and controls\n3,597,241 common shares or 19.25% of the outstanding common shares of\nVitality.\n\n\nMr. Grant acquired the common shares for investment purposes and may,\ndepending on market and other conditions, increase or decrease his ownership\nposition in securities of the Issuer through market transactions, private\nagreements, treasury issuances, exercise of options, convertible securities or\notherwise. A copy of the Early Warning Report will be available on the SEDAR\nwebsite at www.sedar.com.\n\n\n"William N. Grant" (signed)\n\n\n---------------------------\n\n\nWilliam N. Grant\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":1880,"tagName":"div"}]