Tickers: XTSX:NCI, PINX:NYWKF
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.
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