On February 6, 2024, Promino Nutritional Sciences Inc. closed the transaction. The company issued 44,161,500 units at an issue price of CAD 0.05 for the gross proceeds of up to CAD 2,208,075. 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 paid cash finder's fees in the aggregate amount of CAD 113,570 and issued2,271,400 finder's warrants to certain finders who introduced purchasers to the Company. Each finder's warrant is 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.

The transaction included participation from an insider of the Company for 1,000,000 Units.