NuRAN Wireless Secures CA$ 300,000 in Interim Private Placement

NuRAN Wireless Inc. has closed a non-brokered private placement, generating CA$ 300,000. The funds were raised by issuing 13,636,362 units at $0.022 per unit, each comprising one common share and half of a share purchase warrant. Each full warrant allows the purchase of an additional share at $0.033, pre-Consolidation, within three years.

This financing is a step in NuRAN's restructuring plan, approved to aid in converting CA$ 25,000,000 of debt into equity and raising an additional CA$ 5,000,000. The proceeds support the company's working capital as it collaborates with the British Columbia Securities Commission for further approvals.

Shares from this placement are subject to a four-month statutory hold and possible additional restrictions under foreign securities laws.