GrowthPoint Capital Corp.

May 30, 2013 17:34 ET

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

VICTORIA, BRITISH COLUMBIA--(Marketwired - May 30, 2013) - GrowthPoint Capital Corp. ("GrowthPoint") is updating its reporting of security holdings in Vigil Health Solutions Inc. ("Vigil").

GrowthPoint has exercised warrants previously issued to it in May 2011 to purchase 1,465,000 common shares of Vigil. These shares represent 10% of the outstanding common shares of Vigil prior to exercise of the warrants held by GrowthPoint. The exercise price was $0.10 per share, so that Vigil receives proceeds of $146,500 as a result of this transaction.

Following this transaction, GrowthPoint holds 4,645,000 common shares of Vigil, representing 28% of the outstanding common shares of Vigil immediately after the GrowthPoint's exercise of its warrants.

In addition, Greg Peet, who has voting control and direction over the holdings of GrowthPoint, also holds common shares representing an approximate 1% interest in 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 contact: GrowthPoint Capital Corp.

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