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Markham-Based Sangoma Announces Bought Deal Financing

Sangoma phone web technologyMARKHAM, ONJune 24, 2019 /CNW/ – Sangoma Technologies Corporation (TSXV:STC) (“Sangoma” or “Company”), a trusted leader in delivering Unified Communications solutions for SMBs, Enterprises, OEMs, and Service Providers, is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by Acumen Capital Finance Partners Limited and Cormark Securities Inc. (together, the “Co-Lead Underwriters”), pursuant to which the Co-Lead Underwriters have agreed to purchase, on a “bought deal” basis and subject to regulatory approval, 11,291,000 common shares (the “Shares”) of Sangoma, at a price of $1.55 per Share (the “Offering Price”) and offer them to the public by way of short form prospectus for total gross proceeds of approximately $17.5 million (the “Offering”).

Full Article: prnewswire.com

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