NuRAN Announces Final Results of Annual General & Special Meeting of Shareholders

Rhea-AI Summary

NuRAN (OTC:NRRWF) announced that shareholders approved the Restructuring Transaction at the adjourned Annual General and Special Meeting held Oct 29, 2025, with approval based on votes cast at the meeting and by proxy.

The company said it is currently undergoing a Continuous Disclosure Review by the British Columbia Securities Commission (BCSC). Management and directors are working with short-term debt holders under guidance from the Canadian Securities Exchange (CSE) to ensure the approved transaction meets disclosure and compliance requirements; NuRAN will update shareholders once the process is completed.

Positive

• Restructuring transaction approved by shareholders on Oct 29, 2025
• Approval supported by votes cast both at the meeting and by proxy
• Management engaging debt holders under CSE guidance to enable transaction

Negative

• Continuous Disclosure Review ongoing with the British Columbia Securities Commission
• Completion of the approved transaction is contingent on resolution of disclosure review and debt-holder arrangements

QUEBEC, QC / ACCESS Newswire / November 3, 2025 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC:NRRWF)(FSE:1RN), a leading supplier of mobile and broadband wireless infrastructure solutions, announces the result of its of the last item of business of its Annual General and Special Meeting ("AGSM"). The meeting was held on October 29th, 2025.

At the adjourned Annual General and Special Meeting (AGSM) regarding the "Restructuring Transaction," shareholders approved the transaction as defined in the Circular, based on votes cast both during the meeting and by proxy.

NuRAN is still undergoing a Continuous Disclosure Review by the British Columbia Securities Commission (BCSC). In the meantime, the company's management and directors are collaborating closely with short-term debt holders, following guidance from the Canadian Securities Exchange, to ensure compliance for the approved transaction. Once the process is completed, NuRAN will update its shareholders on the outcome.

About NuRAN Wireless:

NuRAN Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. With its affordable and innovative scalable solutions of 2G, 3G, and 4G technologies, NuRAN Wireless offers a new possibility for more than one billion people to communicate effectively over long distances efficiently and affordably. "Bridging the Digital Divide, One Connection at a Time."

Additional Information:

For further information about NuRAN Wireless: www.nuranwireless.com

Francis Létourneau,
Director and CEO
Francis.letourneau@nuranwireless.com
Tel: (418) 264-1337

Forward Looking Statements

This news release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, "expects", "is expected", "anticipates", "intends", "believes", or variations of such words and phrases or state that certain actions, events or results "may" or "will" be taken, occur or be achieved. Forward-looking statements include those relating to the Company being able to receive funding from the new potential institutional lenders to refinance and replace most of its outstanding current debt instruments with significantly better terms; the Company's current debt holders potentially restructuring most of their outstanding current debt instruments with significantly better terms; and the Company having sufficient working capital for the duration of the institutional lenders' process. Forward-looking statements are not a guarantee of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results projected, expressed or implied by these forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements, such as the uncertainties regarding include risks such as risks relating to NuRAN's business and the economy generally; NuRAN's ability to refinance its long term debt that is currently in default; NuRAN's ability to adequately restructure its operations with respect to its new model of NaaS service contracts; our ability to collect fees from our telecommunication providers and reliance on the network of our telecommunications providers, the capacity of the Company to deliver in a technical capacity and to import inventory to Africa at a reasonable cost; NuRAN's ability to obtain project financing for the proposed site build out under its NaaS agreements with Orange, MTN and other telecommunication providers, the loss of one or more significant suppliers or a reduction in significant volume from such suppliers; NuRAN's ability to meet or exceed customers' demand and expectations; significant current competition and the introduction of new competitors or other disruptive entrants in the Company's industry; effects of the global supply shortage affecting parts needed for NuRAN's sites and site installations; NuRAN's ability to retain key employees and protect its intellectual property; compliance with local laws and regulations and ability to obtain all required permits for our operations, access to the credit and capital markets, changes in applicable telecommunications laws or regulations or changes in license and regulatory fees, downturns in customers' business cycles; and insurance prices and insurance coverage availability, the Company's ability to effectively maintain or update information and technology systems; our ability to implement and maintain measures to protect against cyberattacks and comply with applicable privacy and data security requirements; the Company's ability to successfully implement its business strategies or realize expected cost savings and revenue enhancements; business development activities, including acquisitions and integration of acquired businesses; the Company's expansion into markets outside of Canada and the operational, competitive and regulatory risks facing the Company's non-Canadian based operations. Accordingly, readers should not place undue reliance on forward looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management's discussion and analysis that is available on the Company's profile on SEDAR+ at www.sedarplus.ca.

SOURCE: NuRAN Wireless Inc.

View the original press release on ACCESS Newswire

FAQ

What did NuRAN (OTC:NRRWF) announce about the restructuring transaction on Nov 3, 2025?

NuRAN announced shareholders approved the Restructuring Transaction, with approval based on votes at the Oct 29, 2025 meeting and by proxy.

When was the NuRAN annual meeting where the restructuring was approved?

The adjourned Annual General and Special Meeting took place on Oct 29, 2025.

Is NuRAN (NRRWF) under any regulatory review after the restructuring vote?

Yes. NuRAN is undergoing a Continuous Disclosure Review by the British Columbia Securities Commission.

How is NuRAN handling short-term debt holders after the restructuring approval?

Management and directors are collaborating with short-term debt holders under CSE guidance to ensure compliance for the approved transaction.

Will NuRAN provide updates on the restructuring transaction timeline for NRRWF shareholders?

Yes. The company said it will update shareholders once the disclosure review and related steps are completed.

Does the shareholder approval mean the restructuring transaction is final for NuRAN (NRRWF)?

No. Shareholder approval was obtained, but the transaction remains subject to the ongoing BCSC disclosure review and completion of debt-holder arrangements.