Element Announces Corporate Advisor Engagement; Debenture Restructuring; Debt Settlement

BURLINGTON, ON, Dec. 21, 2023 /CNW/ - Element Nutritional Sciences Inc. (CNSX:ELMT.CN) (OTC:ELNSF) (FRANKFURT: 93X) (the "Company" or "Element") announces it has entered into an agreement to extend the engagement of an arm's-length corporate advisor (the "Service Provider") for an additional 12-month term. Pursuant to the terms of the agreement, the Service Provider will introduce the Company to potential investors, industry professionals and strategic partners who may be in a position to assist in furthering the goals of the Company in consideration for the issuance of 200,000 common shares of the Company to the Service Provider each month during the term of the agreement. The Service Provider was initially engaged by the Company for a 12-month term starting in October 2022, and the Company has agreed to issue 1,000,000 common shares of the Company to the Service Provider in consideration for services provided under the initial engagement.