GrowthPoint Capital Corp.

August 18, 2010 09:48 ET

GrowthPoint Capital Corp. Acquires Securities of Vigil Health Solutions Inc.

VICTORIA, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2010) - GrowthPoint Capital Corp. ("GrowthPoint") is issuing this press release pursuant to the early warning requirements of applicable securities laws in Canada with respect to Vigil Health Solutions Inc. ("Vigil").

Pursuant to a private agreement, on July 27, 2010, GrowthPoint acquired ownership of $100,000 in debt which is convertible into, subject to adjustment, 1,000,000 common shares of Vigil at a conversion price of $0.10 per common share, representing approximately 1.0% of Vigil's outstanding common shares.

Following this transaction, in addition to the $100,000 in convertible debt which if converted would represent approximately 1.0% of Vigil's outstanding common shares, GrowthPoint and its affiliates also hold 9,929,000 common shares representing approximately 9.9% of Vigil's outstanding common shares; 650,000 Deferred Stock Units representing approximately 0.7% of Vigil's outstanding common shares; and 744,000 Stock Options representing approximately 0.7% of Vigil's outstanding common shares. In aggregate, assuming the full exercise and conversion of the aforementioned securities, GrowthPoint and its affiliates would hold approximately 12.3% of the issued and outstanding common shares of Vigil.

In addition to owning or exercising control over the Vigil securities through GrowthPoint Capital Corp., GrowthPoint acts jointly or in concert with Greg Peet and GrowthPoint Ventures (VCC) Corp.

GrowthPoint acquired these securities for investment purposes. GrowthPoint may, depending on market conditions and other factors as well as applicable securities laws, acquire additional securities of Vigil through the facilities of the TSX Venture Exchange, private agreements or otherwise. At the current time, however, GrowthPoint does not intend to acquire more than 19.99% of the outstanding common shares of Vigil (assuming full exercise or conversion of any securities of Vigil that GrowthPoint may acquire). GrowthPoint may, depending on market conditions, sell any or all of its common shares of Vigil.

For additional information, or for a copy of the early warning report filed in respect of the above transaction, please see contact information below.

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