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Announces Grant of Stock Options
May 19, 2009 02:47PM
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
About Sangoma Technologies Corporation
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.