Ms. Moira Ong reports
PROMINO ANNOUNCES PROPOSED PRIVATE PLACEMENT
Promino Nutritional Sciences Inc. intends to complete a non-brokered private placement for aggregate gross proceeds of up to $1.6-million through the issuance of up to 53,333,333 units of the company at a price of three cents per unit. Each unit will consist of one common share and one-half of 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.
The company may pay finders' fees in connection with the offering, as permitted by applicable securities laws and the rules of the Canadian Securities Exchange.
The company intends to use the net proceeds from the offering to: (a) invest in growth of its product sales; 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).
The offering is expected to close on or about Oct. 23, 2026, and is subject to execution of subscription agreements by the placees and to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.
All securities issued in connection with the offering will be subject to a four-month-and-one-day statutory resale restriction pursuant to applicable Canadian securities laws.
The company would also like to announce that, further to its July 10, 2026, and July 24, 2026, news releases regarding the engagement of Gold Standard Media LLC, it has terminated the engagement effectively immediately.
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 proprietary 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 MLB legend Jose Bautista.
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