23:19:27 EDT Sat 18 May 2024
Enter Symbol
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Promino Nutritional Sciences Inc
Symbol MUSL
Shares Issued 127,188,680
Close 2024-03-27 C$ 0.075
Market Cap C$ 9,539,151
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Promino hires Lindsay as corporate adviser

2024-03-27 17:23 ET - News Release

Mr. Vito Sanzone reports

WORLD-RENOWNED CHIROPRACTOR DR. MARK LINDSAY JOINS PROMINO NUTRITIONAL SCIENCES AS ATHLETIC ADVISOR; PROVIDES CORPORATE UPDATE

World-renowned chiropractor, soft tissue specialist and PhD in neuroscience at Queen's University, Dr. Mark Lindsay, one of the most sought-after therapists amongst elite athletes, will join Promino Nutritional Sciences Inc. as corporate adviser focused on professional athletics.

Dr. Lindsay commented: "As a chiropractor and soft tissue specialist who works with some of the world's most elite athletes, it's my business to understand how nutritional supplements can help the body's fascia and connective tissue recover effectively under the most demanding conditions. Promino is one of the few supplements that has received consistent, positive feedback."

Dr. Lindsay has been recognized for his outstanding work around sports chiropractic. In 1996, he was named outstanding field doctor by the Canadian Chiropractic Sports Fellowship. This prestigious award was presented to Dr. Lindsay following his work with the Olympic double gold medalist and world champion sprinter Donovan Bailey.

Dr. Lindsay's work has brought him around the world, consulting extensively with elite athletes and professional teams in the NFL, NHL, MLB, Olympic Games and World Championships.

Dr. Lindsay introduced Promino to Las Vegas Golden Knights and Stanley Cup champion Jack Eichel, who is now the company's flagship brand ambassador. Dr. Lindsay also works with many top surgeons, therapists and athletic teams, where he plays an important role in designing and implementing postsurgical and high performance treatment protocols.

"Having the efficacy of our products extolled by a front line sports specialist such as Dr. Lindsay is a powerful conversation opener," stated Vito Sanzone, chief executive officer of Promino. "We are proud to offer products that truly benefit an athlete's recovery."

Consolidation of common shares

Promino also announces a consolidation of its common shares on the basis of one postconsolidation common share for every three preconsolidation common shares. The consolidation is anticipated to be made effective for trading purposes on April 1, 2024.

The common shares will continue trading on the Canadian Securities Exchange on a postconsolidation basis under the name Promino Nutritional Sciences Inc. and the trading symbol MUSL and on the Frankfurt Stock Exchange under the symbol 93X. For a period of 20 days following the effective date of the consolidation, the company's trading symbol on the OTC will temporarily be changed to MUSLD, following which it will automatically revert to MUSLF. The new Cusip and ISIN of the common shares will be 74290V204 and CA74290V2049, respectively.

No fractional common shares will be issued as a result of the consolidation. Any fractional common shares equal to or greater than one-half resulting from the consolidation will be rounded up to the nearest whole common share, and any fractional shares less than one-half resulting from the consolidation will be rounded down to the nearest whole common share. Proportionate adjustments will be made to the company's outstanding stock options and share purchase warrants. Shareholder approval of the consolidation is not required under the policies of the CSE nor under the articles of the company.

About Promino Nutritional Sciences Inc.

Promino is an innovative and research-driven Canadian nutraceutical company, specializing in the development of patented and science-based products for the global consumer packaged goods market, with a portfolio focused specifically on muscle health. Promino's lead product, Rejuvenate, is a patented proprietary formulation that is clinically proved to assist in the building, rebuilding, restoration and rejuvenation of natural muscle mass. Promino also offers Promino, an elite performance supplement for both professional and amateur athletes, to accelerate muscle recovery, build strength and accelerate recovery from injury. Promino was founded in 2015 and is located in Burlington, Ont.

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