Quebec, QC, Canada, April 13, 2017 – NuRAN Wireless Inc. (‘NuRAN Wireless” or the “Company”) (CSE:NUR) (OTC:NRRWF) is pleased to announce that the Board of Directors has granted options to acquire an aggregate of 825,000 common shares of the Corporation to consultants and employees with an exercise price of $0.30 per common share.
600,000 options were granted to consultants for a period of 30 months and will vest immediately. Each option entitles the holder thereof to purchase one common share in the capital of the Company at a price of $0.30 per share until October 14, 2018.
225,000 options were granted to employees for a period of 60 months. 112,500 options will vest on the first anniversary of the date of grant and 112,500 options will vest on the second anniversary of the date of grant. Each option entitles the holder thereof to purchase one common share in the capital of the Company at a price of $0.30 per share until April 14, 2022.
No regulatory authority has approved or reviewed the contents of the information contained in this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.