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17. November 2009 11:28 Egoli

Vital Signs: 17 November 2009 - MVH

Vital Signs: 17 November 2009 - MVH

Medic Vision Limited (MVH) announced it has signed an agreement to acquire a further 9.29% of the share capital in Red Paragon Pty Limited from Neil Fleming. Medic Vision said the acquisition would be funded via the issue of fully paid ordinary shares in the company.  Following the acquisition, the company said it would be the holder of 96.79% of all fully paid ordinary shares in Red Paragon and has a long term interest for it to be a wholly owned subsidiary.

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