18:45:55 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Ventripoint Diagnostics Ltd
Symbol VPT
Shares Issued 203,163,117
Close 2015-10-06 C$ 0.045
Market Cap C$ 9,142,340
Recent Sedar Documents

Ventripoint holder Skidmore, wife acquire 2.75M shares

2015-10-07 13:14 ET - News Release

Mr. Brian Skidmore reports

SHAREHOLDER NEWS RELEASE

Brian David Skidmore is issuing this early warning news release in respect of his securityholdings of Ventripoint Diagnostics Ltd.

Acquisition on June 20, 2014

Pursuant to a private placement of the issuer which closed on June 20, 2014, Mr. Skidmore acquired ownership of 8.75 million common shares of the issuer and 4,375,000 share purchase warrants of the issuer in connection with the purchase of 8.75 million units at a price of eight cents per June, 2014, unit. Each June, 2014, warrant entitles Mr. Skidmore to purchase one common share of the issuer at a price of 12 cents until June 20, 2016. The June, 2014, shares represented approximately 4.90 per cent of the issued and outstanding common shares of the issuer on June 20, 2014, and, on the same date, the June, 2014, units represented 7.17 per cent of the issuer's issued and outstanding common shares, assuming the exercise in full of the June, 2014, warrants. As a result of the acquisition of June, 2014, units, Mr. Skidmore held or exercised shared control or direction over a total of 15,940,200 common shares of the issuer, representing approximately 8.92 per cent of the issued and outstanding common shares of the issuer on June 20, 2014, and share purchase warrants to purchase 4,375,000 common shares of the issuer. Assuming the exercise in full of the share purchase warrants, the number of common shares held by Mr. Skidmore or over which he exercised shared control or direction represented approximately 11.10 per cent of the issued and outstanding common shares of the issuer on June 20, 2014.

Acquisition on June 4, 2015

Pursuant to a private placement of units of the issuer at a price of 5.5 cents per June, 2015, unit, which closed on June 4, 2015, Mr. Skidmore acquired ownership of 2,727,270 common shares of the issuer and control or direction over an additional 4,545,454 common shares of the issuer. In addition, Mr. Skidmore acquired ownership of 1,363,635 share purchase warrants of the issuer and control or direction over an additional 2,272,727 share purchase warrants of the issuer. Each June, 2015, warrant entitles the holder to purchase one common share of the issuer at a price of 12 cents until June 4, 2017. The June, 2015, shares represented approximately 3.61 per cent of the issued and outstanding common shares of the issuer on June 4, 2015, and, on the same date, the June, 2015, units represented 5.32 per cent of the issuer's issued and outstanding common shares, assuming the exercise in full of the June, 2015, warrants. As a result of the acquisition of the June, 2015, units, Mr. Skidmore held or exercised shared control or direction over a total of 23,635,424 common shares of the issuer, representing approximately 11.73 per cent of the issued and outstanding common shares of the issuer on June 4, 2015, and share purchase warrants to purchase 8,011,362 common shares of the issuer. Assuming the exercise in full of the share purchase warrants, the number of common shares held by Mr. Skidmore or over which he exercised shared control or direction represented approximately 15.11 per cent of the issued and outstanding common shares of the issuer on June 4, 2015.

Acquisition on July 3, 2015

On July 3, 2015, Mr. Skidmore and his wife jointly acquired ownership of 2,755,000 common shares of the issuer through the TSX Venture Exchange at a price per share ranging from 5.5 cents to 6.5 cents each. The July, 2015, shares represented approximately 1.37 per cent of issuer's issued and outstanding common shares on July 3, 2015.

As a result of the acquisition of the July, 2015, shares, Mr. Skidmore held or exercised shared control or direction over a total of 28,873,424 common shares of the issuer, representing approximately 14.33 per cent of the issued and outstanding shares of the issuer on July 3, 2015, and share purchase warrants to purchase 8,011,362 common shares of the issuer. Assuming the exercise in full of the share purchase warrants, the number of common shares held by Mr. Skidmore or over which he exercised shared control or direction represented approximately 17.61 per cent of the issued and outstanding common shares of the issuer on July 3, 2015.

Mr. Skidmore intends to hold the securities described in this news release for investment purposes and may, subject to market conditions, take other actions in respect of the issuer, including making additional investments in, or effecting dispositions of, securities of the issuer or an interest therein.

As of the date of this news release, Mr. Skidmore holds or exercises shared control or direction over less than 10 per cent of the current issued and outstanding shares of the issuer.

This news release is being disseminated pursuant to National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. As permitted by NI 62-103, the issuance of this news release is not an admission that any party named in this news release owns or controls any of the securities described herein or is a joint actor with another named party. A copy of the report to be filed with Canadian securities regulators in connection with the acquisition of these securities can be obtained upon its filing under the issuer's profile on SEDAR or by contacting Ron Paton of Owen Bird Law Corp. at 604-691-7504.

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