Element Nutritional Sciences Inc. (CSE:ELMT; OTCQB:ELNSF; FRANKFURT:93X) (the “Company” or “Element”) is pleased to announce that it has closed its previously announced short form prospectus offering raising gross proceeds of $3.5 million for the Company through the issuance of 14,000,000 common shares of the Company (the “Shares”) at a price of $0.25 per Share (the “Offering”).

They include the French government covering some 5.5 million civil servants; Dataport (which is incorporating it into Germany’s education and public administration systems); and BWI, which supplies the communications system used by the German armed forces — in all, some 10 government engagements, the company said. Most public sector customers choose the former, and private sector ones opt for the latter, the startup said. Element today is available as an on-premise systems or a cloud-based platform.

Element Nutritional Sciences Announces Closing Of $3.5 Million Financing

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