NuRAN Wireless Announces Private Placement and Provides Corporate Updates

About this update from Nuran Wireless Inc

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.QUEBEC, QC / ACCESS Newswire / April 8, 2026 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC PINK:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, is pleased to announce that it intends to complete a non-brokered private placement offering (the "Offering") to raise up to $15 million to be used for ongoing development of the Company's business growth and for general working capital purposes. The Company intends to offer up to 4,098,361 units (the "Units") of the Company at a price of $3.66 per Unit. Each Unit will consist of (i) one common share of the Company; and (ii) up to one common share purchase warrants (each a "Warrant") exercisable at a price of $4.30 per share, for a period of up to five (5) years from the date of issuance.The proceeds from the Offering are expected to be used towards ongoing development of the Company's business growth and for general working capital purposes.All of the securities to be issued pursuant to the Offering will be subject to a four (4) month hold period.All amounts in this press release are expressed in Canadian dollars.The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.Business Highlights: NuRAN launch 3G/4G and Ivory CoastThe Company is pleased to announce that it has erected its first towers in Ivory Coast, expanding NuRAN's operations into another sub-Saharan African country. These new sites are equipped with advanced transmission technology and provide 4G coverage.Additionally, management reports the initial deployment of 3G technology in Cameroon to meet the increasing demand for both technological advancements and greater capacity.Update on the Restructuring Transaction:As previously disclosed in the pres...

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