(TheNewswire)
Toronto, Ontario December 15, 2023 – Ashraf Zaghloulannounces that he has acquired ownership or control over an additional4,500,000 common shares of NTG Clarity Networks Inc. (“NTG”) byway of a non-brokered private placement at a price of $0.03 per share,for an aggregate purchase price of $135,000 (the “PrivatePlacement”).
Prior to completion of the Private Placement, Mr.Zaghloul held 24,100,749 common shares and 2,250,000 options of NTG,which represented 16.27% of common shares outstanding before givingeffect to the options and 17.52% of the outstanding common sharesassuming exercise of the options. After giving effect to the PrivatePlacement, Mr. Zaghloul owns or controls 28,600,749 common shares and2,250,000 options, which represents 15.45% of the common sharesoutstanding before giving effect to the options and 16.46% of theoutstanding common shares assuming exercise of the options.
The common shares were acquired for investmentpurposes. In the future, Mr. Zaghloul may, subject to applicable law,acquire or dispose of securities of NTG depending upon a number offactors, including but not limited to general market and economicconditions and other available investment opportunities.
For further information or to obtain a copy of theearly warning report, please contact Ashraf Zaghloul at 905-305-1325or azaghloul@ntgclarity.com.
Copyright (c) 2023 TheNewswire - All rights reserved.