22:33:40 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Promino Nutritional Sciences Inc (2)
Symbol MUSL
Shares Issued 60,351,827
Close 2024-04-05 C$ 0.18
Market Cap C$ 10,863,329
Recent Sedar Documents

Promino Nutritional signs consulting agreements

2024-04-05 20:16 ET - News Release

Mr. Vito Sanzone reports

PROMINO NUTRITIONAL SCIENCES PROVIDES CORPORATE UPDATE

Promino Nutritional Sciences Inc. has entered into consulting agreements with a capital markets advisory consultant and a marketing consultant to provide certain consulting services to the company for initial terms of 12 months and 18 months, respectively. In consideration for the services provided to the company by the consultants, the company has agreed to issue an aggregate of 200,000 common shares to the fiscal consultant, and issue an aggregate of one million common shares and pay $70,000 to the marketing consultant. All shares issuable to the consultants are to be issued in staggered tranches in accordance with the terms of their respective consulting agreements. The consultants are arm's length to the company.

The company has also agreed to settle an aggregate of $25,000 of outstanding indebtedness owing to an arm's-length creditor in exchange for the issuance of an aggregate of 166,667 common shares of the company to the creditor. Completion of the debt settlement is subject to acceptance by the Canadian Securities Exchange.

Any shares issued to the consultants or in connection with the debt settlement will be subject to a statutory hold period of four months and one day.

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 proven 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.

We seek Safe Harbor.

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