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NTG Clarity
Networks Inc
(CDNX: NCI),
announced
that it has
filed with
The Canadian
Venture Exchange
and other
applicable
regulatory
authorities
a Notice of
Intention
to Make a
Normal Course
Issuer Bid
which shall
commence on
December 10,
2001 and terminate
on December
10, 2002 or
the earlier
of the date
all shares
which are
subject to
the Normal
Course Issuer
Bid are purchased.
In the opinion
of the Board
of Directors
of NTG Clarity,
the market
price of the
Common Shares
of NTG Clarity
does not accurately
reflect the
value of those
shares. As
a result,
NTG Clarity's
Common shares
may become
available
for purchase
at prices,
which make
them an appropriate
use of funds
of the Company.
NTG Clarity
intends to
attempt to
acquire up
to an aggregate
of 900,000
of its Common
Shares over
the next 12-month
period representing
approximately
5% of the
Public Float.
There are
18,404,811
Common Shares
of NTG Clarity
issued and
outstanding.
Purchases
subject to
this Normal
Course Issuer
Bid will be
carried out
pursuant to
open market
transactions
through the
facilities
of The Canadian
Venture Exchange.
All Common
Shares purchased
by NTG Clarity
under the
Normal Course
Issuer Bid
will be cancelled.
The Canadian
Venture Exchange
has neither
approved nor
disapproved
the information
contained
herein. |
