Vertical Health Solutions cancels warrants from 2004 PIPE

By Sheri Kasprzak

New York, June 9 - Vertical Health Solutions, Inc. has canceled warrants associated with a May 2004 private placement with Laurus Master Fund, Ltd.

The company canceled 820,000 series A warrants, first issued on May 28, 2004 along with $4 million in series A preferred stock.

The warrants had been exercisable at $1.87 each through May 27, 2011.

For the cancelation, Laurus will receive 200,000 common shares.

Based in Tampa, Fla., Vertical Health Solutions provides animal health care products to veterinarians.

The stock gained 10 cents, or 25%, to close at $0.50 (OTCBB: VHSL).

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