ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

NCI NTG Clarity Networks Inc

1.77
-0.01 (-0.56%)
24 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
NTG Clarity Networks Inc TSXV:NCI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -0.56% 1.77 1.77 1.82 1.86 1.77 1.81 159,594 20:59:59

NTG Clarity Announces Proposed Private Placement of up to $1,000,000 Convertible Debentures

28/06/2013 6:05pm

Access Wire


June 28, 2013, Toronto, Ontario. NTG Clarity Networks Inc., (TSX VENTURE:NCI) is pleased to announce that it intends to complete a private placement of a series of unsecured convertible debentures in the aggregate principal amount of up to CDN $1,000,000 in units of CDN $5,000 (the "Debentures"). The Debentures shall bear interest at the rate of ten (10%) percent per annum and shall mature two (2) years following the date of issuance.

The principal amount of the Debentures shall be convertible into common shares of the Corporation at any time prior to maturity at the option of the holder at a conversion price of $0.25 per common share. The Debentures will also have a forced conversion provision whereby the Corporation may force the conversion of the Debentures at a price of $0.25 per common share if at any time the closing price exceeds $0.35 for 7 consecutive days.

Over the past 30 days, NTG Clarity has announced over $8 million in new Letters of Intent with the majority of the work to be completed over the balance of 2013. To fund this growth and to provide financial flexibility to gain additional revenue opportunities, the Company is required to finance its receivables and other obligations. Proceeds from this convertible debenture will be used predominantly as working capital to fund NTG Clarity's growth.

Completion of the private placement herein contemplated is subject to market and other conditions and the Company obtaining all regulatory body approvals in connection therewith including without limitation, approval of the TSX Venture Exchange Inc. The private placement is only available to persons and in jurisdictions permitted by the applicable securities regulatory authorities.

About NTG Clarity Networks Inc.

NTG Clarity Networks' (www.ntgclarity.com) vision is to be a global leader in providing networking solutions. Established in 1992, NTG Clarity is a leader in Canada in delivering networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 200 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.

For more information please contact:

Doren Quinton, President QIS Capital

Ph: 250-377-1182

Fax: 250-377-1183

Email: info@smallcaps.ca

1 Year NTG Clarity Networks Chart

1 Year NTG Clarity Networks Chart

1 Month NTG Clarity Networks Chart

1 Month NTG Clarity Networks Chart

Your Recent History

Delayed Upgrade Clock