Company sells 17,094,084 shares at C$0.15 per share through offering
By Devika Patel
Knoxville, Tenn., July 13 – Nuran Wireless Inc. said it raised C$2,564,113 in the initial tranche of a private placement of stock. First Republic Capital Corp. is the lead agent for the offering.
The company is selling common shares at C$0.15 apiece. The price per share represents a 25% discount to C$0.20, the closing share price on July 12.
In the first tranche, Nuran sold 17,094,084 shares.
The supplier of mobile and broadband wireless solutions is based in Quebec.
| Issuer: | Nuran Wireless Inc.
|
| Issue: | Common shares
|
| Amount: | C$2,564,113
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| Shares: | 17,094,084
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| Price: | C$0.15
|
| Warrants: | No
|
| Agent: | First Republic Capital Corp. (lead)
|
| Settlement date: | July 13
|
| Stock symbol: | TSX Venture: NUR
|
| Stock price: | C$0.20 at close July 12
|
| Market capitalization: | C$13.05 million
|
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