| SHARE CAPITAL |
13.
SHARE CAPITAL
NuRAN’s share capital consists only of fully
paid shares of each of the following categories, each of an unlimited amount and without nominal value:
| ● | Common shares, voting and participating |
During the six-month
period ended June 30, 2026, the Company settled debt through the issuance of common shares and warrants. The debt was derecognized
at its carrying amount, and the equity instruments issued were measured at fair value and allocated between share capital and contributed
surplus using the relative fair value method.
Schedule
of fair value and allocation between share capital and contributed surplus
| |
| 2026-06-30 | | |
| 2025-12-31 | |
| | |
| Number | | |
| $ | | |
| Number | | |
| $ | |
| Opening balance | |
| 13,069,567 | | |
| 86,606,375 | | |
| 195,647 | | |
| 54,994,088 | |
| Issue of share capital | |
| 15,149 | | |
| 47,796 | | |
| 12,860,587 | | |
| 31,364,312 | |
| Convertible debenture | |
| — | | |
| — | | |
| — | | |
| (142,571 | ) |
| Debenture conversion in share capital | |
| — | | |
| — | | |
| 13,333 | | |
| 390,546 | |
| Issue of warrants | |
| — | | |
| — | | |
| — | | |
| — | |
| Closing balance | |
| 13,084,716 | | |
| 86,654,171 | | |
| 13,069,567 | | |
| 86,606,375 | |
During the six-month period ended June 30, 2026,
the Company had the following share transactions:
| (a) | On January 30, 2026, the Company issued 9,515 shares
as of accounts payables settlement, resulting in the recognition of $27,232 as of share capital, $4,803 as of warrants and $4,535
as loss on debt settlement in the Consolidated Statements of Net Loss and Comprehensive Loss. The company also issued 5,634 shares
to members of its Board of Directors for services provided in 2022 and 2023, resulting in the recognition of $20,564 as of share
capital and $194,436 as gain on debt settlement in the Consolidated Statements of Net Loss and Comprehensive Loss. |
|