Vital Living Completes $1.4 Million Private Placement

Vital Living Completes $1.4 Million Private Placement

PHOENIX--Vital Living Inc. (OTCBB:VTLV), thePhysician Nutraceutical Co., announced Dec. 23 that it completed a $1.4 millionprivate placement of common stock, bought at a purchase price of $1 per share.

In connection with the placement, Vital Living also issued alike amount of series B and C warrants to purchase shares of common stock toinvestors; these warrants have an exercise price of $1.64 and $2.14 per share,respectively, under a five-year term.

"We elected to raise capital at this time to improve ourworking capital balances as we continue to develop Vital Living's distributionchannels and add to our line of cardiac nutraceutical products," said BradEdson, chief executive officer.