GrowthPoint Capital Corp.

September 13, 2010 15:22 ET

GrowthPoint Capital Corp. Updates Post-Consolidation Holdings of Vigil Health Solutions Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2010) - GrowthPoint Capital Corp. ("GrowthPoint") is updating its reporting of security holdings in Vigil Health Solutions Inc. ("Vigil"), as a result of the one for twenty consolidation of the common shares of Vigil effective at the opening of trading on September 10, 2010.

As announced by GrowthPoint on August 17, 2010, pursuant to a private agreement, it acquired ownership on July 27, 2010 of $100,000 in debt of Vigil. Post-consolidation this $100,000 is now convertible into, 500,000 common shares of Vigil at a conversion price of $0.20 per common share, representing approximately 10.0% of Vigil's post-consolidation common shares.

In addition to this $100,000 in convertible debt following Vigil's share consolidation (and the expiry of 288,000 options prior to the consolidation) GrowthPoint and its affiliates also hold 496,450 common shares representing approximately 9.9% of Vigil's post-consolidation common shares; 32,500 Deferred Stock Units representing approximately 0.7% of Vigil's post-consolidation common shares; and 22,800 Stock Options representing approximately 0.5% of Vigil's post-consolidation common shares. In aggregate, assuming the full exercise and conversion of the aforementioned securities, GrowthPoint and its affiliates would hold approximately 21.0% of the issued and post-consolidation 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. 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 please see contact information below.

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