Business
William N. Grant increases Vitality common shareholdings to 27.59%
William N. Grant increases Vitality common shareholdings to 27.59%
About this update from Vitality Products Inc.
[{"type":"text","content":"\n\n\n\n Jun. 30, 2010 (Canada NewsWire Group) -- Trading Symbol: VPI\n\n Mr. William N. Grant, President & CEO of Vitality Products Inc. ("Vitality"), wishes to announce that he acquired ownership of 370,000 common shares in the capital of Vitality at an average price of $0.078 per share on the TSX Venture Exchange on June 30, 2010. The 370,000 common shares of Vitality purchased by Mr. Grant represent 1.86% of the outstanding common shares of Vitality. Mr. Grant, through either direct ownership or indirect ownership, now beneficially owns and controls 5,487,734 common shares of Vitality or 27.59% of the outstanding common shares of Vitality.\nMr. Grant continues to rely on the normal course purchase exemption under Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids. Mr. Grant's offer to acquire common shares of Vitality is an exempt take-over bid as it satisfies all of the conditions of the normal course purchase exemption. These conditions are:\n\n\n >\n\n\nMr. Grant acquired the common shares for investment purposes and may, depending on market and other conditions, increase or decrease his ownership position in securities of Vitality through market transactions, private agreements, treasury issuances or otherwise. A copy of the Early Warning Report will be available on the SEDAR website at www.sedar.com.\n\n\n >\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00005856E\n\n\n\n","length":2794,"tagName":"div"}]