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Financings

Promino issues 894,477 shares for $62,613 debt

By The Northwire Desk — AI Analysis Dec 24, 2025 · 15:07 MUSL · 0.045 Promino Nutritional Sciences Inc
MUSL · Price

Executive Summary

  • Promino Nutritional Sciences Inc. settled $62,613 of outstanding debt by issuing a total of 894,477 common shares.
  • The settlement includes the issuance of 287,980 shares to the company’s Chief Executive Officer.
  • All issued shares are subject to a statutory resale restriction of four months and one day under Canadian securities law.

Key Details

  • Debt Amount Settled: $62,613.
  • Total Shares Issued for Settlement: 894,477 common shares.
  • Shares Issued to CEO: 287,980 common shares.
  • Resale Restriction: Four‑month‑and‑one‑day lock‑up period per Canadian securities regulations.
  • Purpose of Issuance: To satisfy outstanding debt obligations; no cash proceeds were received.

Notable Quotes

(No quotes provided in the release.)

Read the original news release →

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