Vancouver, British Columbia (FSCwire) - Melanie Laine Skidmore reports that, pursuant to a non-brokered private placement, she acquired ownership of 23,636,364 common shares of Ventripoint Diagnostics Ltd. (TSXV: VPT) (the “Issuer”) (the “Subject Shares”), and share purchase warrants to purchase 5,909,091 common shares of the Issuer (the “Subject Warrants”) in connection with the purchase of 23,636,364 units (the “Subject Units”) at a price of $0.055 per Unit. Each Unit consisted of one common share of the Issuer and one-quarter of one share purchase warrant. Each whole Subject Warrant entitles Ms. Skidmore to purchase one common share in the share capital of the Issuer at a price of $0.11 for a period of 24 months from the date of issuance, subject to an accelerated expiry provision. The Subject Shares represent approximately 9.16% of the current issued and outstanding common shares of the Issuer, and the Subject Units represent approximately 11.19% of the Issuer’s issued and outstanding common shares, assuming the exercise in full of the Subject Warrants.

As a result of the acquisition of Subject Units, Ms. Skidmore held or exercised shared control or direction over a total of 44,345,718 common shares of the Issuer, representing approximately 17.19% of the current issued and outstanding common shares of the Issuer, and share purchase warrants to purchase 12,556,818 common shares of the Issuer. Assuming the exercise in full of the share purchase warrants, the number of common shares held by Ms. Skidmore or over which she exercised shared control or direction represented approximately 21.03% of the current issued and outstanding common shares of the Issuer.

Ms. 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.

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”). 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 the SEDAR website (www.SEDAR.com).

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