You are here
VitalHub Announces Results of June 2018 AGM
TORONTO, July 04, 2018 (GLOBE NEWSWIRE) -- VitalHub Corp. (the “Company” or “VitalHub”) (TSXV:VHI) is pleased announce the results of June 2018 Annual General Meeting (“AGM”), and recent proceeds to the Company derived from redeemed warrants.
In accordance with Toronto Stock Exchange requirements, the nominees listed in VitalHub management information circular dated May 22, 2018, were elected as directors of the Company at the June 2018 AGM. The directors Dan Matlow, Barry Tissenbaum, Steve Garrington, Chris Schnarr, Mohan Plankot and Roger Dent were unanimously elected at the Annual General Meeting held on June 27, 2018. Shareholders present in person or by proxy totaled 23,984,756 shares, representing 19.21% of the total issued and outstanding shares of the Company.
VitalHub would also like to announce that in recent weeks, shareholders have begun to redeem warrants which, as of today’s date, total 5,326,220 shares exercised with net proceeds of $895,575 to the Company.
“We believe we have assembled a very strong, diverse, and seasoned Board of Directors that have the skills and experience necessary to help guide us as we continue to execute on our growth plans,” said Dan Matlow, CEO of VitalHub. “We continue to see our pipeline grow both on the mergers and acquisition front and organic growth side of our business, and we are looking forward to the second half of the fiscal year.”
VitalHub develops and supports mission-critical healthcare information systems in the Mental Health (Child, Youth and Adult), Long Term Care, Community Health Service, Home Health and Hospital sectors. VitalHub technologies include Blockchain, Mobile, and Web-Based Assessment and EHR solutions.
VitalHub's aim is to create high-value, secured solutions enabling interoperability among existing health data systems. VitalHub is primarily focused on working with organizations in the Mental Health, Acute and Long-Term Care space, to further extend organization's applications across the continuum of care, powered by the security, efficiency, and trust of Blockchain technology.
The Company has a robust two-pronged growth strategy, targeting organic growth opportunities within its product suite, and pursuing an aggressive M&A plan. Currently, VitalHub serves 200+ clients across North America. VitalHub is based in Toronto, Canada, with an offshore development hub in Sri Lanka. The Company is publicly traded on the TSX Venture Exchange under the symbol "VHI".
The TSX Venture Exchange has in no way passed upon the merits of the transactions and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Chief Executive Officer, Director