Ms. Moira Ong reports
PROMINO ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Promino Nutritional Sciences Inc., further to its news releases dated Dec. 18, 2025, and Jan. 19, 2026, has closed its private placement, issuing a total of 37,380,433 units at a price of three cents per unit for gross proceeds of $1,121,413. Each unit consists of one common share of the company and one common share purchase warrant, with each warrant being exercisable to purchase one additional share at a price of six cents for 12 months from the date of issuance.
In connection with the private placement, the company paid finders' fees of $69,233 in cash and issued 2,307,767 finders' warrants, with each finder's warrant being exercisable to purchase one share at a price of six cents for 12 months from date of issuance.
Upon closing of the private placement, AlphaNorth Partners Fund Inc. beneficially owns, or exercises control or direction over, 18,824,851 shares, representing approximately 10.71 per cent of the issued and outstanding shares. Immediately prior to the closing of the private placement, AlphaNorth beneficially owned, or exercised control or direction over, 12,158,184 shares, representing approximately 8.78 per cent of the then issued and outstanding shares. AlphaNorth also beneficially owns or controls 17,154,667 convertible securities of the company.
Net proceeds from the private placement will be used to: (a) accelerate growth through investments in inventory; and (b) for general corporate purposes, excluding accrued salaries to officers or directors of the company, and payment for investor relations activities (as such term is defined in the policies of the Canadian Securities Exchange).
All securities issued upon closing of the private placement are subject to a four-month hold period in accordance with applicable securities laws.
About Promino Nutritional Sciences Inc.
Promino Nutritional Sciences is a Canadian innovation company focused on science-based, clinically proven nutrition for muscle health and recovery. Its core product, Rejuvenate Muscle Health, is a clinically researched amino acid formula designed to rebuild, restore and rejuvenate muscle tissue.
The company also produces Promino -- NSF Certified for Sport, trusted by elite athletes. Promino's ambassadors include Stanley Cup champion Jack Eichel (Vegas Golden Knights) and MLB legend Jose Bautista.
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