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Financings Routine −

Promino Announces Settlements and Amendments of Convertible Debentures

By The Northwire Desk — AI Analysis Jun 05, 2026 · 22:04 MUSL · 0.045 Promino Nutritional Sciences Inc
MUSL · Price

Executive Summary

  • Promino Nutritional Sciences settled $373,910 in principal and accrued interest on convertible debentures by issuing 5,341,566 common shares at a deemed price of $0.07 per share.
  • The company amended the terms of certain convertible debentures with an aggregate principal amount of $711,500, extending their maturity dates by two years and significantly reducing the conversion price.

Key Details

  • Settlement of $373,910 in principal and accrued interest executed via issuance of 5,341,566 common shares.
  • Deemed issue price for settlement shares: $0.07 per common share.
  • Amendment applies to convertible debentures originally issued on June 30 and July 14, 2023, with an aggregate principal amount of $711,500.
  • Maturity dates extended by two years to June 30, 2027, and July 14, 2027.
  • Conversion price amended from $0.30 per unit to $0.07 per common share.
  • Ticker symbols referenced: CSE: MUSL, OTCID: MUSLF, FSE: 93X.
Read the original news release →

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