NuRAN Wireless Announces Private Placement and Provides Corporate Updates

• NuRAN announced a non‑brokered private placement of up to 4,098,361 units at C$3.66 per unit, targeting gross proceeds of roughly C$15 million.
• Each unit contains one common share and an optional warrant (exercisable at $4.30 for five years). Securities are subject to a four‑month hold period.
• Operational update: first 4G tower erected in Ivory Coast and the launch of the initial 3G site in Cameroon, expanding the company’s African footprint.
• The proceeds are earmarked for “business growth initiatives” and general working capital.

• Financing: The C$15 million raise is modest relative to NuRAN’s cash balance (≈ C$0.03 M at quarter‑end) but sizable compared with its historic financing pattern of sub‑C$1 M private placements. It improves short‑term liquidity and reduces the need for further high‑cost debt, a positive but expected development given the ongoing restructuring.
• Operations: The Ivory Coast tower and Cameroon 3G launch are incremental milestones that confirm the company is executing its African rollout plan. They were hinted at in prior updates (e.g., “first tower construction” mentioned on 2026‑04‑08) and therefore do not constitute a surprise, but they add tangible asset value.
• Overall: The news is positive but routine—expected financing to fund the rollout that was already disclosed in earlier shareholder communications. No new strategic investors or material valuation changes are announced.

NuRAN Wireless develops and operates mobile telecommunications infrastructure (towers, back‑haul) across underserved African markets, delivering 3G/4G services under a Network‑as‑a‑Service (NaaS) model. Flagship projects include the Ivory Coast 4G tower network and multi‑country rollout in Cameroon, Ghana, DRC, and other sub‑Saharan nations.