Promino Nutritional Sciences Inc. announced a private placement to issue up to 40,000,000 units at an issue price of CAD 0.05 for the gross proceeds of up to CAD 2,000,000 on January 26, 2024. The transaction is subject to an over-allotment right exercisable by the company to increase the size of the Offering to up to CAD 2,500,000. Each unit will be comprised of one common share of the company and one-half of one common share purchase warrant, with each whole warrant exercisable to acquire one common share of the company at a price of CAD 0.10 per share for a period of 24 months from the date of issuance.

All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day. The company may pay finder?s fees in connection with the offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. The transaction is subject to customary conditions and the receipt of all necessary approvals, including acceptance of the Canadian Securities Exchange.