Trading Symbol: VPI
VANCOUVER, Jan. 31 /CNW/ - Vitality Products Inc. (the "Company") has issued notices of redemption to four holders of the Class "A" Preference Shares, Series 3 (the "Preference Shares") to redeem 3,280 Preference Shares with a par value of $32,800 plus all unpaid dividends of $11,808 accrued thereon to January 31, 2008. Three of the four holders are insiders of the Company.
The Preference Shares, with a par value of $10 each, have a 6% cumulative dividend payable annually commencing January 31, 2003. The Company is entitled to redeem at any time any outstanding Preference Shares by paying the holder thereof the redemption price of $10 per Preference Share plus all unpaid dividends accrued thereon to the date of redemption.
Upon the completion of the redemptions, the Company has 36,220 Class "A" Preference Shares, Series 3 outstanding with a par value of $362,200 plus all unpaid dividends of $130,392 accrued thereon to January 31, 2008.
On behalf of the Board of
VITALITY PRODUCTS INC.
"William N. Grant" (signed)
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William N. Grant, President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00005856E