Mr. Francis Letourneau reports
NURAN ANNOUNCES GRANT OF STOCK OPTIONS
Nuran Wireless Inc. 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 39.5 cents 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. Of the options, 1.15 million 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 Inc.
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.
© 2021 Canjex Publishing Ltd. All rights reserved.