NTG Latest News

NTG Reports Results of Annual and Special Meeting of Shareholders


Toronto, ON / July 19, 2023 / NTG Clarity Networks Inc. (TSX.V:NCI) (the “Company”) announced that its annual and special meeting of shareholders was held on July 7, 2023 and shareholders voted in favour of all matters of business considered at the meeting and described in the management information circular dated May 23, 2023. A total of 78,114,007 common shares, representing 52.79% of the outstanding common shares of the Company, were represented in person or by proxy at the meeting.

At the meeting, all four nominees for election to the Company’s board of directors (the “Board”), being Ashraf Zaghloul, Kristine Lewis, Mohammed Saleem Siddiqi and Syed Zeeshan Hasnain, were elected for the ensuing year. In addition, NVS Chartered Accountants Professional Corporation were appointed as auditors of the Company.

Shareholders also passed a special resolution authorizing the Board to consolidate the common shares of the Company on the basis of up to five (5) pre-consolidation common shares for each post-consolidation common share. The completion of the share consolidation and the applicable exchange ratio are subject to approval of the Board and all necessary regulatory approvals, including the approval of the TSX Venture Exchange. If the Board determines to proceed with the share consolidation and obtains all necessary regulatory approvals, the share consolidation will occur at a time determined by the Board and announced by a press release of the Company. 


About NTG Clarity Networks Inc.

NTG Clarity Networks’ vision is to be a global leader in providing networking solutions. As a Canadian company established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 500 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry’s leading enterprises.


Forward Looking Information

This press release includes certain statements that may be deemed to be “forward-looking information” within the meaning of applicable securities laws. All statements in this press release, other than statements of historical fact, that address events or developments that management of the Company expects to occur, are forward-looking statements. Forward-looking statements include, but are not limited to, statements with respect to the proposed share consolidation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: future demand for the Company’s products and services; access to the capital necessary to execute the Company’s business plan; intellectual property protection; general business, economic, competitive, political and social uncertainties; delays in obtaining governmental approvals; and failure to obtain regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


For further information contact:

Kristine Lewis, President

Phone: 905-305-1325

Fax 905-752-0469

Email: KLewis@ntgclarity.com