NuRAN Completes Second Tranche of Debt Settlements

NuRAN Wireless Inc., a significant player in mobile and broadband wireless infrastructure, has finalized its second tranche of debt settlements. This tranche included the issuance of 147,668 units at a price of $2.89 per unit. The transaction covered cash subscriptions of $190,116 and debt settlements amounting to $236,648.

In conjunction with the offering, NuRAN paid a cash commission totaling $2,609.20 to a registered dealer, who introduced subscribers to the company. Additionally, 140 non-transferable common share purchase warrants were issued to this dealer. All securities released are subject to a statutory holding period of four months and one day.

The company's forward-looking statements mention ongoing projects and strategic goals amidst potential risks and uncertainties that could affect these plans.