Restructuring transaction and disclosure statusThe Restructuring Transaction involves the acquisition by the Company of the Factor as part of a broader restructuring of the Company's financial position. The Restructuring Transaction was implemented through the acquisition of the Factor, a private company whose principal assets consisted of factored receivables representing financial claims against the Company arising from prior factoring arrangements. Upon completion of the Restructuring Transaction, the vendors of the Factor held 55.80% of the Company's outstanding common shares, resulting in a change of control of the Company. About NuRAN Wireless:NuRAN Wireless is a leading rural telecommunications company that meets the growing demand for wireless network coverage in remote and rural regions around the globe. Additional Information:For further information about NuRAN Wireless: www.nuranwireless.comFrancis Létourneau,Director and CEOFrancis.letourneau@nuranwireless.comTel: (418) 264-1337Forward Looking StatementsThis news release contains forward-looking statements.