William N. Grant increases Vitality common shareholdings to 22.22%

About this update from Vitality Products Inc.

[{"type":"text","content":"\n\n\n\nTrading Symbol: VPI\n\n\nVANCOUVER, May 4 /CNW/ - Mr. William N. Grant, President & CEO of\nVitality Products Inc. ("Vitality"), wishes to announce that he acquired\nownership of 50,000 common shares in the capital of Vitality at an average\nprice of $0.05 per share on the TSX Venture Exchange today. The 50,000 common\nshares of Vitality purchased by Mr. Grant represent 0.25% of the outstanding\ncommon shares of Vitality. Mr. Grant, through either direct ownership or\nindirect ownership, now beneficially owns and controls 4,419,734 common shares\nof Vitality or 22.22% of the outstanding common shares of Vitality.\n\n\nMr. Grant continues to rely on the normal course purchase exemption under\nMultilateral Instrument 62-104 Take-Over Bids and Issuer Bids. Mr. Grant's\noffer to acquire common shares of Vitality is an exempt take-over bid as it\nsatisfies all of the conditions of the normal course purchase exemption. These\nconditions are:\n\n\n(1) Mr. Grant's bid is not more than 5% of the outstanding common shares\n of Vitality as he purchased 0.25% of the outstanding common shares;\n\n(2) The aggregate number of Vitality common shares acquired in reliance\n on this exemption by Mr. Grant within any period of 12 months does\n not exceed 5% of the outstanding common shares of Vitality at the\n beginning of the 12-month period;\n\n(3) There is a published market for Vitality common shares on the TSX\n Venture Exchange; and\n\n(4) The value of the consideration paid for any of the Vitality common\n shares acquired by Mr. Grant is not in excess of the market price at\n the date of the acquisition.\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 Vitality through market transactions, private\nagreements, treasury issuances or otherwise. A copy of the Early Warning\nReport will be available on the SEDAR website at www.sedar.com.\n\n"William N. Grant" (signed)\n\n----------------------------------\nWilliam N. Grant\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00005856E\n\n\n","length":2330,"tagName":"div"}]

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