TSXV Trading Symbol: VPI
VANCOUVER, BC, July 23,
2024 /CNW/ - Vitality Products Inc. (TSXV: VPI) (the
"Company" or "Vitality"), a manufacturer, marketer and distributor
of premium vitamins and supplements, held its annual general
meeting of shareholders ("AGM") on July 23,
2024.
AGM Results
The Board of Directors is pleased to announce that all
resolutions put to vote at the AGM passed with 99.97% or higher
approval from the votes cast. Audra J.
Davies, Cheryl A. Grant
(President & CEO), W. Douglas
Grant (Vice President & CFO), Stuart E. Pennington and Joanne F. Q. Yan were re-elected to the Board of
Directors.
Vitality Director Richard V. Gannon Resigns from the
Board
Vitality announces Richard V.
Gannon did not seek re-election at the AGM and resigned from
the Board of Directors at the conclusion of his term on
July 23, 2024. Mr. Gannon is
retiring following 15 years of service on the Board of Directors of
Vitality. The Board wishes to express its appreciation for
Mr. Gannon's years of service to the Company.
Vitality Grants 500,000 Incentive Stock Options
Vitality announces that, pursuant to its fixed share option
plan, the Company has granted incentive stock options to
independent directors which will entitle the option holders to
purchase up to 500,000 common shares of the Company at an exercise
price of $0.05 per share for a period
of five years. These options are not subject to any vesting
schedule and may be exercised at any time up to the expiry date of
July 23, 2029. These options are
subject to a four-month TSX Venture Exchange hold period
commencing July 23, 2024.
About Vitality
VITALITY® is an award-winning line of clean
vitamins and supplements, marketed to natural health retailers and
health and wellness conscious consumers. Manufactured in
Canada and currently sold in
natural health stores and online, the products are non-GMO and
third party tested for quality. Following the proven success of the
line through repeat orders and same store sales growth, the Company
is focused on expanding distribution and growing sales in-store and
online; evaluating, researching and developing new products for
future distribution; and exploring new markets for its products. To
view our products, visit: www.vitality.ca.
On behalf of the Board of
VITALITY PRODUCTS INC.
"Cheryl A. Grant" (signed)
Cheryl A. Grant, President &
CEO
Forward-Looking Information
Information set forth in this news release involves
forward-looking statements. Forward-looking statements are
statements that relate to future, not past, events. In this
context, forward-looking statements often address a company's
expected future business and financial performance, and often
contain words such as "anticipate", "believe", "plan", "estimate",
"expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other
similar expressions. By their nature, forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or
other future events, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the
following risks: risks associated with marketing and sale of
securities; the need for additional financing; reliance on key
personnel; the potential for conflicts of interest among certain
officers or directors with certain other projects; and the
volatility of common share price and volume. Forward-looking
statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and except as
required by law, the Company undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions
or other circumstances should change. Investors are cautioned
against attributing undue certainty to forward-looking
statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE
REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS
NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH
DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING
INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY
OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE
TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS
REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
Neither the 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 news release.
SOURCE Vitality Products Inc.
