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Promino Nutritional Sciences Inc (2)
Symbol MUSL
Shares Issued 118,496,171
Close 2025-03-14 C$ 0.065
Market Cap C$ 7,702,251
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Promino closes $320,000 first tranche of placement

2025-03-14 19:06 ET - News Release

Subject: Promino Nutritional Sciences Inc. - News for Dissemination Word Document

File: '\\swfile\EmailIn\20250314 160132 Attachment MUSL - News release re First Tranche Closing (March 14, 2025).docx'

Promino Nutritional Sciences Closes First Tranche of Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

BURLINGTON, Ontario - March 14, 2025 - Promino Nutritional Sciences Inc. (CSE: MUSL; OTC: MUSLF; FRANKFURT:93X)( the "Company" or "Promino")(www.drinkpromino.com) is pleased to announce it has closed the first tranche of its previously announced private placement of units of the Company ("Units"). The Company issued an aggregate of 6,400,000 Units at a price of $0.05 per Unit for gross proceeds of $320,000, with each Unit comprised of one common share of the Company and one common share purchase warrant. Each share purchase warrant is exercisable to acquire one common share of the Company at a price of $0.18 per share for a period of 24 months from the date of issuance.

In connection with closing of the first tranche, the Company paid:

cash finder's fees in the aggregate amount of $22,650;

issued an aggregate of 413,000 non-transferable finder's unit warrants ("Finder's Unit Warrant"), with each Finder's Unit Warrant exercisable at a price of $0.05 per finder's unit (each a "Finder's Unit") for a period of 24 months. Each Finder's Unit consists of one common share in the capital of the Company (a "Finder's Share") and one warrant which shall entitle the holder thereof to acquire one additional Finder's Share at a price of $0.18 until the date that is two years following the exercise of the Finder's Unit Warrant; and

issued 40,000 non-transferable finder's warrants ("Finder's Warrants"), with each Finder's Warrant exercisable into one Finder's Share at a price of $0.18 for a period of 24 months.

All securities issued in connection with the first tranche are subject to a hold period of four months and one day pursuant to applicable securities laws.

The Company intends to use the net proceeds of the private placement to accelerate sales and fulfillment of Promino's marquee muscle strength and recovery sports beverages, Promino(TM) and Rejuvenate Muscle Health(TM), settle outstanding liabilities and for general working capital purposes.

About Promino Nutritional Sciences, Inc.

Promino is an innovative and research driven Canadian nutraceutical company specializing in the development of patented and science-based products for the global consumer packaged goods market, with a portfolio focused specifically on muscle health. Promino's lead product, Rejuvenate Muscle(TM) Activator, is a patented proprietary formulation that is clinically proven to assist in the building, rebuilding, restoration and rejuvenation of natural muscle mass. Promino also offers Promino(TM), an elite performance supplement for both professional and amateur athletes to accelerate muscle recovery, build strength and accelerate recovery from injury. Promino was founded in 2015 and is located in Burlington, Ontario.

To learn more about Promino, visit www.drinkpromino.com.

For more information about Rejuvenate Muscle(TM) Activator and where to purchase, visit www.rejuvenatemuscle.com.

Forward-Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. In some cases, forward looking statements are preceded by, followed by, or include words such as "may", "will," "would", "could", "should", "believes", "estimates", "projects", "potential", "expects", "plans", "anticipates", "continues", or the negative of those words or other similar or comparable words. In this news release, forward-looking statements include, without limitation, statements regarding: the private placement of Units, including the timing, terms and anticipated use of proceeds of the private placement; the expected effect of the Promino(TM) and Rejuvenate(TM) products on the protein market, the Company and its business, including any anticipated benefits to the Company; and the Company's business prospects, future trends, plans and strategies. In preparing the forward-looking statements in this news release, the Company has applied several material assumptions, including, but not limited to, assumptions regarding the availability of capital resources, business performance, market conditions, customer demand and general economic conditions. Although the forward-looking information contained herein is based upon what management believes are reasonable assumptions as at the date they were made, investors are cautioned against placing undue reliance on these statements since actual results may vary from the forward-looking information. Consequently, all of the forward-looking statements contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that management anticipates will be realized. Unless otherwise noted or the context otherwise indicates, the forward-looking statements contained herein is provided as of the date hereof, and management does not undertake to update or amend such forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.

SOURCE Promino Nutritional Sciences Inc.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For further information:

Vito Sanzone, vsanzone@drinkpromino.com, 289-348-1970 ext. 222;

Marc Charbin, Investor Relations, marc.charbin@loderockadvisors.com, 416-467-5229.

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