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ELSE NUTRITION HOLDINGS (TSX: BABY; OTC: BABYD) entered a convertible security funding agreement with Lind Global Fund III LP to raise up to US$1,280,000 in staged draws. On initial closing the company will issue a US$420,000 Initial Convertible Security (net proceeds US$337,750 after discount/fees) with a 24‑month maturity, monthly convertibility (1/20th per month) and a post‑180‑day company Buy‑Back Right with a 5% premium.
The financing includes detached warrants (2,069,781 First Warrants at 130% of 5‑day VWAP, 48‑month expiry) and TSX conditional approval to list up to 10,582,354 additional shares; converted shares will be subject to a four‑month lockup and resale/short‑sale restrictions. Proceeds are for production and working capital.