Nuran Wireless (TSE:NUR) has released an update.
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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.
For further insights into TSE:NUR stock, check out TipRanks’ Stock Analysis page.