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The latest announcement is out from Element Nutritional Sciences Inc ( (TSE:MUSL) ).
Promino Nutritional Sciences Inc. has issued a total of 1,122,074 common shares to settle outstanding debts, including $38,333 in accrued director fees owed to current and former directors and additional indebtedness owed to a third party. The share-based settlements, which are subject to a four-month-and-one-day statutory resale restriction under Canadian securities laws, help the company reduce its liabilities and conserve cash, a move that may support balance-sheet flexibility as it continues to develop and market its muscle health and sports nutrition products.
More about Element Nutritional Sciences Inc
Promino Nutritional Sciences Inc. is a Canadian innovation company specializing in science-based, clinically proven nutrition products for muscle health and recovery. Its core product, Rejuvenate Muscle Health™, is a clinically researched amino acid formula aimed at rebuilding and restoring muscle tissue, and the company also markets Promino™, an NSF Certified for Sport® supplement endorsed by high-profile professional athletes.
Average Trading Volume: 455,930
Technical Sentiment Signal: Sell
Current Market Cap: C$6.82M
See more data about MUSL stock on TipRanks’ Stock Analysis page.