Sangoma Technologies Corporation Completes $13.1 Million Private Placement

March 15, 2018

Sangoma Technologies Corporation (TSX-V:STC) (“Sangoma”), a trusted leader in delivering Unified Communications solutions for small and medium businesses, enterprises, original equipment manufacturers and service providers,  completed a private placement offering of an aggregate of 13,138,000 common shares of Sangoma at a price of $1.00 per common share, for gross proceeds of $13,138,000 (the “Offering”).

The Offering was co-led by Acumen Capital Finance Partners Limited, INFOR Financial Inc. and PI Financial Corp., with a syndicate of underwriters including Beacon Securities Limited and Cormark Securities Inc.  

Wildeboer Dellelce LLP acted for Sangoma in connection with the Offering with a team that consisted of Perry DellelceCharlie MaloneRagu Anantharajah  and Joel Fraser  (corporate/securities).