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Overview

Sangoma Technologies Corporation Completes $23 Million Bought Deal Prospectus Offering

July 16, 2019

Sangoma Technologies Corporation (TSXV:STC), a trusted leader in value-based Unified Communications (UC) and UC as a service solution for small and medium businesses, enterprises, original equipment manufacturers, carriers and service providers, completed a bought deal short form prospectus offering of 14,846,500 common shares at a price of $1.55 per share for aggregate gross proceeds of $23,012,075. The offering was conducted by a syndicate of underwriters co-led by Acumen Capital Finance Partners Limited and Cormark Securities Inc., and included INFOR Financial Inc., PI Financial Corp. and Beacon Securities Limited.

Wildeboer Dellelce LLP acted for Sangoma in connection with the offering with a team comprised of Charlie Malone, Sanjeev Patel, Ragu Anantharajah, Joel Fraser and Nickolas Robelek (corporate/securities), and Katy Pitch (tax).