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NuRAN Wireless raised CA$300,000 in a private placement to support its debt-to-equity restructuring, pending regulatory approval.
NuRAN Wireless Inc. has closed an interim non-brokered private placement, raising CA$300,000 by issuing 13.6 million units at $0.022 each, with each unit including one share and half a warrant.
The funds will support working capital as part of a shareholder-approved restructuring plan to convert up to CA$25 million in debt into equity and raise an additional CA$5 million in equity.
The full restructuring remains pending until NuRAN meets disclosure requirements under review by the British Columbia Securities Commission.
The company, which provides wireless infrastructure for rural and remote areas, continues efforts to stabilize its financial position.
Shares and warrant shares are subject to a four-month-and-one-day hold period.
NuRAN Wireless recaudó CA $ 300,000 en una colocación privada para apoyar su reestructuración de deuda a capital, pendiente de la aprobación regulatoria.