NuRAN Wireless Targets $15M Private Placement to Fund Expansion and Growth
These new sites are equipped with advanced transmission technology and provide 4G coverage.
NuRAN Wireless Inc., 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 Coast
The 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 press release on January 28, 2026, the Company is in the process of completing a material change report containing the disclosure required by section 14.2 of Form 51-102F5 in respect of Advance Factoring Inc. (the “Factor”), a private company whose principal assets consisted of factored receivables representing financial claims against the Company arising from prior factoring arrangements and a control person of the Company, as a result of the Restructuring Transaction. The Company is continuing to prepare the required disclosure and intends to remedy the default as soon as practicable in accordance with applicable securities laws.
