ACCESS Newswire·Oct 29, 2026, 8:00 AM ET

NuRAN Wireless Secures US$10 Million Non-Dilutive Facility and Confirms No ATM Sales at Current Market Levels

NuRAN Wireless Inc. secured a US$10 million non-convertible revolving credit facility from a supporting shareholder group lender.
The facility serves as a non-equity alternative for working capital funding & additional telecommunications tower construction.
No common shares have been sold under the At-The-Market equity program since its announcement on September 15, 2026.
Management elected not to use the ATM facility at current market prices due to the belief that the share price does not reflect the value of deployed towers, site economics, or contracted growth.
The facility contains no conversion rights, warrants, equity kickers, payment-in-shares provisions, or other equity-linked features.
Management expects the facility capacity, combined with operating cash flows, to fund the construction of 125 additional towers required to achieve positive cash flow from operations.
The credit facility has a maximum principal capacity of US$10 million & is available for use until January 1, 2028, subject to potential extension.
Security for the facility includes a first-ranking general security agreement granted by the Company & certain non-African subsidiaries, excluding African operating subsidiaries.
The US$10 million facility is separate from a proposed additional US$2 million financing arrangement managed by Cygnum Capital.