18:29:17 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



NTG Clarity Networks Inc
Symbol NCI
Shares Issued 56,102,355
Close 2020-05-04 C$ 0.015
Market Cap C$ 841,535
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ORIGINAL: Ashraf Zaghloul Acquires Additional Shares of NTG Clarity Networks Inc.

2020-05-07 12:11 ET - News Release

(via TheNewswire)



Toronto, Ontario - TheNewswire - May 6, 2020 - Ashraf Zaghloul announces that he has acquired 9,300,000 common shares of NTG Clarity Networks Inc. ("NTG") (TSXV:NCI) (OTC:NYWKF) by way of a shares for debt private placement at a price of $0.015 per share, for an aggregate purchase price of $139,500 (the "Private Placement").

Prior to completion of the Private Placement, Mr. Zaghloul held 8,748,729 common shares and 350,000 options of NTG, which represented 15.59% of common shares outstanding before giving effect to the options and 16.12% of the outstanding common shares assuming exercise of the options. After giving effect to the Private Placement, Mr. Zaghloul held 18,048,729 common shares and 350,000 options, which represents 18.03% of the common shares outstanding before giving effect to the options and 18.32% of the outstanding common shares assuming exercise of the options.

The common shares were acquired for investment purposes. In the future, Mr. Zaghloul may, subject to applicable law, acquire or dispose of securities of NTG depending upon a number of factors, including but not limited to general market and economic conditions and other available investment opportunities.

For further informa tion or to obtain a copy of the early warning report, please contact Ashraf Zaghloul at 905-305-1325 or ashraf@ntgclarity.com .

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