TORONTO, Jan. 10, 2018 /CNW/ - Peter Catford ("PC") and Ellen Catford ("EC") announced today that on January 10, 2018, Vitalhub Corp. ("Vitalhub") closed its acquisition of 100% of the shares of H.I.Next Inc. ("HI Next") pursuant to a share purchase agreement between Vitalhub and the shareholders of HI Next, including PC and EC, each of whom held over 40% of the shares of HI Next. As partial consideration for the shares of HI Next, Vitalhub issued 9,078,876 common shares of Vitalhub ("Common Shares") to PC and 8,722,841 Common Shares to EC. The Common Shares issued to PC and EC are being held in an escrow to be released over the next 36 months. PC and EC have each individually acquired beneficial ownership of less than 10% of the Common Shares, and together approximately 14.5% of the Common Shares. PC and EC may be considered to be acting jointly or in concert with each other as spouses. The head office of Vitalhub is located at 44 Victoria Street, Suite 1417 Toronto, ON M5C 1Y2. The address of PC and EC is c/o 67 Mowat Avenue, Suite 335, Toronto ON M6K 3E3.
This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters. A copy of the related early warning report from PC and EC may be obtained by contacting PC c/o Vitalhub, tel: 1 (888) 409 9920.
SOURCE Peter Catford and Ellen Catford
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This press release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed on SEDAR (www.sedar.com) containing additional information with respect to the foregoing matters. A copy of the related early warning report from PC and EC may be obtained by contacting PC c/o Vitalhub, tel: 1 (888) 409 9920.
SOURCE Peter Catford and Ellen Catford
