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NTG Clarity Announces Brokered LIFE Offering For Up to C$10.0 Million
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES T...
About this update from Ntg Clarity Networks Inc.
[{"type":"text","content":"NTG Clarity Announces Brokered LIFE Offering For Up to C$10.0 Million\n\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n TORONTO, July 07, 2025 (GLOBE NEWSWIRE) --\n \n NTG Clarity Networks Inc. (TSX.V:NCI, OTC: NYWKF) (\n \n the “\n \n Company\n \n ” or “\n \n NTG\n \n ”\n \n )\n \n , has entered into an agreement with Canaccord Genuity Corp. to act as lead agent and sole bookrunner, on behalf of a syndicate of agents (collectively, the “\n \n Agents\n \n ”), in connection with a best efforts private placement offering of up to 4,545,456 units of the Company (each, a “\n \n Unit\n \n ”) at a price of C$2.20 per Unit (the “\n \n Issue Price\n \n ”) for gross proceeds of up to C$10.0 million (the \"\n \n Offering\n \n \").\n \n\n Each Unit will consist of one common share of the Company (a “\n \n Common Share\n \n ”), and one half of one common share purchase warrant of the Company (each whole warrant, a “\n \n Warrant\n \n ”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$2.95 at any time on or before the date which is twenty-four months after the closing date of the Offering (the “\n \n Closing Date\n \n ”).\n \n\n The Company intends to use the net proceeds of the Offering to support the expansion and delivery of its digital transformation solutions and for working capital and general corporate purposes.\n \n\n Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -\n \n Prospectus Exemptions\n \n (“\n \n NI 45-106\n \n ”), the Units are being offered for sale to purchasers resident in all provinces of Canada, except Quebec, in reliance on the “listed issuer financing exemption” from the prospectus requirement available under Part 5A of NI 45-106 (the “\n \n Listed Issuer Financing Exemption\n \n ”). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.\n \n\n There is an offering document (the “\n \n Offering Document\n \n ”) related to the Offering that can be accessed under the Company’s pro...