Nuran closes second tranche of debt settlements

Executive Summary

• Nuran Wireless Inc. closed the second tranche of its additional debt settlements, issuing 147,668 units to settle existing debt and raise cash.
• The transaction involved a mix of cash subscriptions and debt-for-equity swaps, resulting in total gross proceeds of $426,764.
• The company incurred a small cash commission and issued non-transferable warrants to the finder involved in the transaction.

Key Details

• Units Issued: 147,668 units.
• Price Per Unit: $2.89.
• Gross Proceeds: $426,764 total, comprised of:
  • Cash subscriptions: $190,116.
  • Debt settlements: $236,648.
• Finder’s Compensation:
  • Cash commission: $2,609.20 paid to a registered dealer.
  • Warrants issued: 140 non-transferable common share purchase warrants to the finder (terms identical to those issued in the offering).
• Restrictions: All securities are subject to a statutory four-month-and-one-day hold period and other applicable foreign securities law restrictions.

Notable Quotes

• None provided in the text.