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NuRAN Closes Interim Private Placement in Preparation for Restructuring Transaction
QUEBEC, QC / ACCESS Newswire / November 26, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC:NRRWF)(FSE:1RN), a leading provider of mobile and broadband wireless infrastructure, has announced the successful closing of a non-brokered ...
About this update from Nuran Wireless Inc
[{"type":"text","content":"QUEBEC, QC / ACCESS Newswire / November 26, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC:NRRWF)(FSE:1RN), a leading provider of mobile and broadband wireless infrastructure, has announced the successful closing of a non-brokered private placement financing, raising gross proceeds of CA$ 300,000 (the "Private Placement"). This was accomplished through the issuance of 13,636,362 units of the Company (each referred to as a "Unit") priced at $0.022 per Unit. Each Unit is comprised of (i) one common share in the capital of the Company (each, a "Share") and one half of one (1/2) Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant will entitle the holder thereof, following the proposed consolidation (the "Consolidation"), to acquire one pre-Consolidation Share (each, a "Warrant Share") at a pre-Consolidation price of $0.033 per Warrant Share until 5:00 p.m. (Vancouver time) on the date of expiration of the Warrant, which is three (3) years following issuance.","length":1094,"tagName":"p"},{"type":"text","content":"The Private Placement is an interim step in the restructuring transaction approved at the Company's recent Annual General and Special Meeting providing for debt settlement agreements to convert up to CA$ 25,000,000 of debt (inclusive of accrued interest) into equity, or some other form of agreement and structure with similar effect, and raise an additional CA$ 5,000,000 of equity, or such other ratio to be determined by the Company. Proceeds raised from the interim Private Placement will be used by the Company for working capital purposes. The Shares and Warrant Shares are subject to a statutory four month and one day hold period, and such further restrictions as may apply under foreign securities laws.","length":716,"tagName":"p"},{"type":"text","content":"BCSC Continuous Disclosure Review ("CDR")","length":51,"tagName":"p"},{"type":"text","content":"Management is actively collaborating with the British Columbia Securities Commission ("BCSC") regarding the CDR. Both the BCSC and CSE have approved this interim Private Placement at the current stage. However, the restructuring transaction will remain pending until the Company has fully met its disclosure obligations, and the re...