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NTG Clarity Announces Brokered LIFE Offering For Up to C$6.0 Million
NTG Clarity Announces Brokered LIFE Offering For Up to C$6.0 Million Canada NewsWire ...
About this update from Ntg Clarity Networks Inc.
[{"type":"text","content":"\n\n\n\n NTG Clarity Announces Brokered LIFE Offering For Up to C$6.0 Million\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 17, 2024\n \n\n /CNW/ -\n \n NTG Clarity Networks Inc.\n \n (TSXV: NCI) (OTC: NYWKF)\n \n (\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. (\"\n \n Canaccord\n \n \" or the \"\n \n Agent\n \n \") to act as sole agent and bookrunner in connection with a best efforts private placement, under the Listed Issuer Financing Exemption (as defined herein), for gross proceeds of up to\n \n C$6.0 million\n \n (the \"\n \n Offering\n \n \") from the sale of up to 4,285,715 units of the Company (each, a \"\n \n Unit\n \n \") at a price of\n \n C$1.40\n \n per Unit (the \"\n \n Issue Price\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 (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\n \n C$2.00\n \n 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 digital transformation solutions through the Company's Egypt Offshore Centre and Saudi sales office 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 Offering is being made to purchasers resident in all provinces of\n \n Canada\n \n , except\n \n Quebec\n \n , pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (th...