QUEBEC, QC — December 23, 2025 — Leads & Copy —
NuRAN Wireless Inc. (CSE:NUR)(OTC:NRRWF)(FSE:1RN) announced the closing of its Restructuring Transaction on December 22, 2025.
The announcement follows previous press releases dated December 5, 2025, and December 16, 2025.
The Restructuring Transaction resulted in the issuance of 10,380,618 Units at $2.89 per Unit, including cash subscriptions of $3,025,068, debt settlements of $6,127,629, and the acquisition of the factoring company for $20,802,303.09.
The company also closed an initial tranche of additional amounts, issuing 2,124,580 Units at $2.89 per Unit, including cash subscriptions of $2,574,932 and debt settlements of $3,565,127. The company is working to close out the remaining room in the additional amounts prior to the fiscal year end.
All securities issued are subject to a statutory four-month and one-day hold period, with further restrictions as may apply under foreign securities laws.
In addition, Joseph Labkowski has been appointed as a director of the company. Labkowski has served as Executive Director of the Chabad Jewish Center of Cape Coral since 2004, functioning as its chief executive officer and overseeing budgeting, financial stewardship, staff and volunteer management, and day-to-day operations. He has experience in strategy, operations, and stakeholder management.
Labkowski has led multiple capital projects, including the planning, fundraising, and construction of a modern community center. He works with boards, advisors, and public officials, reporting on performance, risk, and policy implementation. He brings governance experience, stakeholder and community-relations skills, and oversight of capital-intensive projects, providing a complementary perspective to financially and technically focused directors.
NuRAN Wireless is a rural telecommunications company providing wireless network coverage in remote and rural regions. The company offers affordable and scalable 2G, 3G, and 4G technologies.
Francis Létourneau is Director and CEO of NuRAN Wireless.
Francis Létourneau
Director and CEO
Francis.letourneau@nuranwireless.com
Tel: (418) 264-1337
Source: NuRAN Wireless
