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Published on 4/6/2006 in the Prospect News PIPE Daily.

New Issue: Vigil Health concludes C$150,000 final tranche of C$1.8 million PIPE

By Sheri Kasprzak

New York, April 6 - Vigil Health Solutions Inc. said it has settled the last tranche of its previously announced C$1.8 million private placement for C$150,000.

The company sold 2.5 million shares at C$0.06 each in the most recent tranche.

The first tranche, for C$1.65 million, closed on March 31.

Proceeds will be used for the expansion of the company's sales team, for general corporate purposes and for working capital.

Based in Victoria, B.C., Vigil provides a software and hardware platform for health care providers focused on the elderly.

Issuer:Vigil Health Solutions Inc.
Issue:Stock
Amount:C$150,000
Shares:2.5 million
Price:C$0.06
Warrants:No
Placement agent:Non-brokered
Announcement date:March 31
Settlement date:April 6
Stock symbol:TSX Venture: VGL
Stock price:C$0.07 at close March 31
Stock price:C$0.08 at close April 5

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