Nuran Wireless (TSE:NUR) has released an update.
NuRAN Wireless Inc. has successfully completed a $1.6 million non-brokered private placement of a convertible debenture, demonstrating confidence from a long-term investor with a focus on African mobile connectivity. The debenture, with a 15% interest rate, is due in 2026 and can be converted into company shares and warrants. These funds will support the company’s expansion and debt repayment strategies.
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