Mr. Dan Matlow reports
VITALHUB CORP. ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION
Vitalhub Corp. has implemented the consolidation of its share capital on a one-new-for-10-old basis, consolidating its currently issued and outstanding shares to 18,017,916. Shareholder authorization to effect the share consolidation was approved pursuant to a special resolution passed by shareholders on June 27, 2019. In accordance with the constating documents of the company and the aforementioned shareholder approval, the board of directors of the company passed a resolution authorizing the consolidation.
The company's shares will continue to be traded on the TSX Venture Exchange under the symbol VHI on a postconsolidation basis and under a new Cusip number, 92847V501, and ISIN, CA92847V5018.
The company's common shares are scheduled to begin trading on a postconsolidation basis on the exchange at market open on Jan. 6, 2020. A letter of transmittal will be mailed to all registered shareholders with instructions on how to exchange existing share certificate(s) for new share certificate(s). Until surrendered, each certificate formerly representing common shares of the company will be deemed for all purposes to represent the number of common shares to which the holder thereof is entitled as a result of the consolidation.
No fractional postconsolidation common shares will be issued. Where the consolidation will result in a fractional share that is less than one-half of a postconsolidation common share, such fractional share will be cancelled, without further compensation. Where the consolidation will result in a fractional share that is one-half of a postconsolidation common share or more, such share will be rounded up to one whole postconsolidation common share.
Further details with respect to the consolidation are contained in the company's management information circular dated June 27, 2019, a copy of which is available on SEDAR.
The exercise price and number of shares of the company issuable upon the exercise of any outstanding stock options, warrants or other convertible securities will be proportionately adjusted to reflect the consolidation.
About Vitalhub Corp.
Vitalhub develops and supports mission-critical information systems in the social service, mental health (child, youth and adult), long-term care, community health service, home health and hospital sectors.
The company has a robust, two-pronged growth strategy, targeting organic growth opportunities within its product suite and pursuing an aggressive M&A (mergers and acquisitions) plan.
We seek Safe Harbor.
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