RE:News As I said yesterday, Skidmore has always been cagey with being a 10% insider. No dobt he sold it down to just under the 10% limit. Melanie Skidmore is still a reporting 10% insider.
BRIAN DAVID SKIDMORE
21476 76 Avenue Langley, BC Canada, V2Y 2E8
FOR IMMEDIATE RELEASE: SHAREHOLDER NEWS RELEASE Vancouver, Canada – March 3, 2017 – Brian David Skidmore issues this early warning news release in respect of his securityholdings of Ventripoint Diagnostics Ltd. (TSXV: VPT) (the “Issuer”). On March 2, 2017, Mr. Skidmore sold 2,000,000 common shares of the Issuer (the “Shares”) through the TSX Venture Exchange at a price of $0.14 per share. The Shares represent approximately 6.2% of Issuer’s current issued and outstanding common shares.
As a result of the sale of the Shares, Mr. Skidmore holds or exercises shared control or direction over a total of 2,615,347 common shares of the Issuer, representing approximately 8.1% of the current issued and outstanding shares of the Issuer and share purchase warrants to purchase 500,000 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 represents approximately 9.7% of the current issued and outstanding common 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 (“NI 62-103”). 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 the SEDAR website (www.SEDAR.com) or by contacting Ron Paton of Owen Bird Law Corporation at 604 691 7504.