SOURCE: Vigil Health Solutions Inc.

Vigil Health Solutions Inc.

November 22, 2016 16:29 ET

Vigil Health Solutions Announces Option Grant

VICTORIA, BC--(Marketwired - November 22, 2016) - Vigil Health Solutions Inc. ("Vigil") (TSX VENTURE: VGL) announced the Board granted an aggregate amount of 390,000 stock options pursuant to Vigil's Omnibus Share Compensation Plan. Of the total, 90,000 options were granted to Directors, these vest 25% on grant and 25% every six months following, a further 240,000 were granted to Officers of the Company, these vest over a 4-year period, in equal quarterly installments, starting 12 months from issue. The remaining 60,000 options were granted to employees under the same vesting terms as the Officers of the Company. These options are exercisable at a price of $0.52 per share and expire November 21, 2020.

After the addition of these options, the Company has an aggregate of 2,477,833 options and stock units outstanding representing 15% of shares issued.

About Vigil Health Solutions Inc.

Vigil offers a technology platform combining software and hardware to provide comprehensive solutions to the expanding seniors' housing market. Vigil has established a growing presence in North America and an international reputation for being on the leading edge of systems design and integration. Vigil's objective is to offer solutions for the full continuum of care. Vigil's product range includes the innovative wireless Vitality Care System™ featuring discreet 'mini pendants', a nurse call system, mobile fall, incontinence monitoring, resident check in and the award-winning Vigil Memory Care System.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

Contact Information

  • For further information please contact:
    Troy Griffiths
    President and CEO
    Tel: (250) 383-6900
    Fax: (250) 383-6999

    Vigil Health Solutions Inc.
    2102-4464 Markham Street
    Victoria, BC
    V8Z 7X8