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Financings

NuRAN Announces Closing of Additional Debt Settlements and Correction of Press Release

By The Northwire Desk — AI Analysis Feb 03, 2026 · 07:30 NUR · 3.65 NuRAN Wireless Inc.
NUR · Price

Executive Summary

  • NuRAN Wireless closed an additional tranche of debt settlements, issuing 26,297 Units at $2.89 per Unit for total debt settlement proceeds of $76,000.
  • The company also issued 5,634 common shares to board members as compensation for services rendered in 2022‑2023.
  • Corrections were made to the December 23 2025 press release, updating the figures for the initial tranche (now 2,115,064 Units at $2.89 per Unit, cash subscriptions of $2,599,932 and debt settlements of $3,512,627).

Key Details

  • Additional Tranche: 26,297 Units issued @ $2.89/unit → Debt settlement proceeds: $76,000.
  • Board Compensation: 5,634 common shares issued to directors for services provided in 2022‑2023 (no monetary value disclosed).
  • Correction to Prior Release (Dec 23 2025):
  • Updated issuance: 2,115,064 Units @ $2.89/unit.
  • Cash subscriptions corrected to $2,599,932 (up from $2,574,932).
  • Debt settlements corrected to $3,512,627 (down from $3,565,127).
  • All securities are subject to a statutory four‑month‑plus‑one‑day hold period and any applicable foreign securities law restrictions.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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Management