NTG Clarity Announces Closing of Its Brokered LIFE Offering

Core Viewpoint - NTG Clarity Networks Inc. successfully closed a brokered private placement, raising approximately C$9.0 million through the issuance of 4,044,845 units at a price of C$2.20 per unit [1][4]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at C$2.95 for a period of 24 months [2]. - The offering was conducted under the listed issuer financing exemption, allowing the securities to be issued without a hold period under Canadian securities laws [3]. - The agents received a cash commission of 6.0% of the gross proceeds, with a potential reduction to 3.0% for certain subscribers, and were also issued broker warrants equal to 6% of the units issued [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to support the expansion and delivery of digital transformation solutions, as well as for working capital and general corporate purposes [4]. Group 3: Company Background - NTG Clarity Networks aims to be a global leader in digital transformation solutions, having provided IT and networking solutions to large enterprises since its establishment in 1992 [6]. - The company employs over 1,200 IT and network professionals, offering expertise in design, engineering, implementation, software development, and security [6].