Promino Nutritional Sciences Plans $1.2 Million Private Placement to Fund Inventory and Operations

Element Nutritional Sciences Inc ( (TSE:MUSL) ) has provided an update.

Promino Nutritional Sciences Inc. plans to raise up to $1.2 million through a non-brokered private placement of up to 40 million units at $0.03 per unit, each consisting of one common share and half a warrant exercisable at $0.06 for 12 months. The financing, expected to close around April 15, 2026 subject to regulatory approvals, is intended to fund inventory production and general corporate purposes, signaling a push to support product availability and ongoing operations while imposing a four-month-plus-one-day resale restriction on new securities.

The company may pay finders’ fees in connection with the offering, in line with Canadian Securities Exchange rules, and all securities will be issued under Canadian resale restrictions. By targeting fresh capital without using proceeds for executive salary arrears or investor relations, Promino underscores a focus on operational growth and supply buildup, with implications for investors tied to regulatory conditions and the unregistered status of the securities in the United States.

More about Element Nutritional Sciences Inc

Promino Nutritional Sciences Inc. is a Canadian innovation company focused on science-based, clinically proven nutrition products aimed at muscle health and recovery. Its core offering is Rejuvenate Muscle Health, an amino-acid-based formula designed to rebuild and restore muscle tissue, alongside Promino, an NSF Certified for Sport product endorsed by high-profile professional athletes.

Average Trading Volume: 286,803

Technical Sentiment Signal: Sell

Current Market Cap: C$3.41M

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