Element Nutritional Sciences Inc (TSE:MUSL) has released an update.
Promino Nutritional Sciences Inc. has announced a strategic move to acquire all outstanding shares of Helios Helium Corp., aiming to enhance its asset portfolio with Helios’ cash and marketable securities post-asset spin-off. This significant transaction, involving an exchange of 36.5 million Promino common shares, is contingent upon satisfactory due diligence, definitive agreements, and requisite approvals. Promino, known for its patented muscle health products, is poised to strengthen its position in the consumer packaged goods market through this acquisition.
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