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An announcement from Element Nutritional Sciences Inc ( (TSE:MUSL) ) is now available.
Promino Nutritional Sciences Inc. has settled $62,613 of outstanding debt by issuing 894,477 common shares, including 287,980 shares to its Chief Executive Officer, with all shares subject to a four-month-and-one-day statutory resale restriction under Canadian securities laws. The share-based debt settlement helps the company reduce its liabilities without an immediate cash outlay, a move that may support its balance sheet and provide additional financial flexibility as it continues to develop and market its muscle health and athletic performance 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 flagship offering, Rejuvenate Muscle Health™, is a clinically researched amino acid formula aimed at rebuilding and restoring muscle tissue, while its Promino™ line, certified by NSF for Sport®, targets elite and professional athletes through endorsements from high-profile sports figures.
Average Trading Volume: 541,922
Technical Sentiment Signal: Sell
Current Market Cap: C$4.09M
For an in-depth examination of MUSL stock, go to TipRanks’ Overview page.