NuRAN Announces Grant of Stock Options

Rhea-AI Summary

NuRAN Wireless announced the grant of stock options to employees, consultants, directors, and officers, totaling 1,225,000 shares at an exercise price of $0.395 each. Of these options, 950,000 will vest immediately, while 275,000 will vest over a 12-month period. Most options will expire in five years, with 75,000 expiring in three years. This move aligns with the Canadian Securities Exchange policies and includes a four-month hold period. NuRAN Wireless specializes in mobile and broadband wireless infrastructure solutions.

Positive

• Granting of 1,225,000 stock options indicates confidence in employee retention and motivation.
• Immediate vesting of 950,000 options may enhance employee satisfaction.
• Stock options may align employee interests with shareholder value.

Negative

• None.

QUEBEC, QC / ACCESSWIRE / February 8, 2021 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC Pink:NRRWF)(FSE:1RN) announces that it has granted stock options pursuant to the Company's incentive stock option plan to certain employees, consultants, directors and officers of the Company, to purchase an aggregate of 1,225,000 common shares of the Company at an exercise price of $0.395 per share. Pursuant to the terms of the grant, 950,000 options will vest immediately and the remaining 275,000 options will vest over a period of 12 months from the date of grant. 1,150,000 of the options expire five years from the date of grant and the remaining 75,000 options will expire three years from the date of grant. The options are subject to applicable policies of the Canadian Securities Exchange and applicable securities laws and will be subject to a hold period of four months commencing on the date of grant of the options.

About NuRAN Wireless

NuRAN Wireless is a leading supplier of mobile and broadband wireless infrastructure solutions. Its innovative radio access network (RAN), core network, and backhaul products dramatically drop the total cost of ownership, thereby creating new opportunities for established, as well as emerging mobile network operators. Indoor coverage, isolated rural communities, offshore platforms and ships, NuRAN Wireless helps its customers reach everyone, everywhere.

Additional Information

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

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

Frank Candido
Investor Relations
Frank.candido@nuranwireless.com
Tel: (514) 969-5530

Cautionary Statement: Neither the Canadian Securities Exchange nor its Market Regulator (as defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: NuRAN Wireless Inc.

View source version on accesswire.com:
https://www.accesswire.com/628459/NuRAN-Announces-Grant-of-Stock-Options

FAQ

What are the details of the stock options granted by NuRAN Wireless on February 8, 2021?

NuRAN Wireless granted stock options for 1,225,000 common shares at $0.395 each, with 950,000 vesting immediately and 275,000 over 12 months.

How long do the stock options granted by NuRAN Wireless last?

The majority of the options expire in five years, while 75,000 options will expire in three years.

What is the significance of the stock options for NuRAN Wireless employees?

The stock options aim to motivate employees and align their interests with the company’s performance.

Is there a holding period for the stock options granted by NuRAN Wireless?

Yes, there is a holding period of four months for the granted options.