NuRan Announces Grant of Stock Options

Rhea-AI Summary

NuRAN Wireless has granted stock options to its directors, allowing the purchase of 100,000 common shares at an exercise price of $1.67 per share. The options will vest immediately and expire in five years. This decision is part of the company's incentive stock option plan and complies with CSE policies and securities laws, including a four-month hold period. NuRAN is a prominent supplier of mobile and broadband wireless infrastructure solutions, aiming to lower the total cost of ownership for mobile network operators.

Positive

• Issuance of stock options creates potential for increased shareholder value.
• Immediate vesting of options aligns the interests of directors with shareholders.

Negative

• Issuance of stock options may dilute existing shareholders' equity.

QUEBEC, QC / ACCESSWIRE / October 26, 2021 / NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC PINK:NRRWF)(FSE:1RN) announces that it has granted stock options today pursuant to the Company's incentive stock option plan to certain directors of the Company, to purchase an aggregate of 100,000 common shares of the Company at an exercise price of $1.67 per share. Pursuant to the terms of the grant, 100,000 options will vest immediately, and all of the options expire 5 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/669848/NuRan-Announces-Grant-of-Stock-Options

FAQ

What stock options did NuRAN Wireless grant on October 26, 2021?

NuRAN Wireless granted stock options to directors for 100,000 common shares at $1.67 per share.

How long do the stock options for NRRWF directors last?

The stock options expire five years from the date of grant.

What is the vesting schedule for the stock options granted by NuRAN Wireless?

All of the options will vest immediately.

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

Yes, there is a four-month hold period commencing from the date of grant.

What does NuRAN Wireless do?

NuRAN Wireless supplies mobile and broadband wireless infrastructure solutions.