NuRAN Wireless Inc. announced that it has received expressions of interest ("EOI") from three additional lenders to support the Company's network infrastructure roll-out plan of its fully owned subsidiary NuRAN Wireless Africa Holding (NuRAN Africa). The EOI's can be drawn individually or as co-lenders in a syndicated debt facility. The combined value of these three EOI's along with the previous Letter of Intent (LOI) for USD 15 million debt financing announced on February 6th, 2024, as well the possible rollover of its USD 5 million bridge facility announced on February 29th, 2024 can possibly fund at least 2500 of the sites under contract to date.

While the immediate priority is on completing the current USD 5 million bridge facility, these parties will be engaged in a parallel process. In addition, the Company is advancing discussions with equity providers at NuRAN Africa level and will benefit from the extensive legal, technical, commercial and ESG due diligence completed by the bridge provider which can be shared to manage a much more efficient process. The 21 new site builds in Cameroon previously announced on January 30, 2024 taking the total live sites to 100 in Cameroon is proceeding on schedule and NuRAN will report the completion of these site builds as soon as possible.

The 21 new site builds in Cameroon previously announced on January 30, 2024 taking the total live sites to 100 in Cameroon is proceeding on schedule and NuRAN will report the completion of these site builds as soon as possible.