Nuran Announces Agreement For Us$15,000,000 Senior Credit Facility As Financing For Cameroon And Drc Projects
Nuran Announces Agreement For Us$15,000,000 Senior Credit Facility As Financing For Cameroon And Drc Projects
01/06/22, 10:13 AM
Money raised
$15 million
NuRAN Wireless Inc. ("NuRAN" or the "Company") (CSE:NUR)(OTC PINK:NRRWF)(FSE:1RN), a specialist rural telecommunications company, is pleased to announce an agreement in principle for a senior secured credit facility (the "Loan Facility") with a development finance institution (DFI) that provides up to US$15,000,000 in total funding. The purpose of the Loan Facility is to finance a portion of NuRAN's planned US$30,000,000 of expenditures linked to the installation of network infrastructure roll-out promoted by NuRAN in Cameroon and Democratic Republic of the Congo (DRC) (the "Project"). Proceeds will be used for Project expenditures relating to the installation of network infrastructure by NuRAN and roll out of up to 120 rural sites in Cameroon and 850 sites in DRC
Company Info
Additional Info
NuRAN Wireless is a specialist 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."