Else Nutrition Holdings Inc (TSE:BABY) has released an update.
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Else Nutrition Holdings Inc. has successfully completed a second tranche of private placement, securing US$1 million from Lind Global Fund II, LP for clinical trials and general capital use. The deal includes a convertible security with a 36-month term and additional common share purchase warrants. Approval from both the Toronto Stock Exchange and shareholders has been obtained, with post-conversion shares subject to a four-month hold period and securities law restrictions.
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