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Message: Announces Grant of Stock Options
| May 19, 2009 | |
| Sangoma Announces Grant of Stock Options | |
|
TORONTO, ONTARIO--(Marketwire - May 19, 2009) - Sangoma(R) Technologies Corporation (TSX VENTURE:STC) today announced the grant of stock options to certain employees and Directors of the Company, effective May 19, 2009. Options to purchase up to 500,000 common shares were granted to employees, Officers and Directors of the Corporation at an exercise price of $0.65 per share, being the closing price of the common shares as at the close of business on May 15, 2009. The options shall expire on May 19, 2014. Options granted to Directors and Officers are as follows: Jay Lefton, Director 50,000 Yves Laliberte, Director 50,000 Jonathan Matthews, Director 50,000 David Mandelstam, CEO and Director 25,000 Serge Forest, VP Marketing and Director 25,000 Susan de Fields, CFO 25,000 Douglas Vilim, VP Sales 25,000 Sangoma is the premium provider of voice and data connectivity components for software-based communication applications. Sangoma's data cards, voice cards, gateways and connectivity software are used in leading PBX, IVR, Contact Center and data communication applications worldwide. The product line represents a comprehensive toolset for deploying cost-effective, powerful, and flexible software communication applications. Founded in 1984, Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSX VENTURE:STC). Additional information on Sangoma can be found at: www.sangoma.com. |
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