16:54:05 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



NTG Clarity Networks Inc
Symbol NCI
Shares Issued 185,172,355
Close 2023-12-15 C$ 0.035
Market Cap C$ 6,481,032
Recent Sedar Documents

NTG Clarity investor 2729252 increases stake to 15.18%

2023-12-15 18:30 ET - News Release

Ms. Kristine Lewis reports

2729252 ONTARIO INC. ACQUIRES SHARES OF NTG CLARITY NETWORKS INC.

2729252 Ontario Inc. (acquirer) has acquired 28 million common shares of NTG Clarity Networks Inc. by way of a non-brokered private placement at a price of three cents per share, for an aggregate purchase price of $840,000. The acquirer is controlled by Ashraf Zaghloul, chief executive officer of NTG, and Kristine Lewis, president of NTG.

Prior to completion of the private placement, the acquirer held 100,000 common shares, which represented 0.07 per cent of the outstanding common shares. After giving effect to the private placement, the acquirer owns 28.1 million common shares, which represent 15.18 per cent of the outstanding common shares.

The common shares were acquired for investment purposes. In the future, the acquirer 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.

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