Sangoma Technologies Corporation
TSX VENTURE : STC

Sangoma Technologies Corporation

November 20, 2015 09:21 ET

Sangoma Announces Grant of Stock Options

MARKHAM, ONTARIO--(Marketwired - Nov. 20, 2015) - Sangoma Technologies Corporation (TSX VENTURE:STC) today announced the grant of stock options effective November 20, 2015.

The Company today granted 2,654,160 options to two executives whose options expired. These options total 8% of the outstanding shares of the Corporation, expire in 5 years, vest over a period from 1 year to 5 years, and have an exercise price of $0.28. In accordance with TSX Venture Exchange requirements, 357,995 of the options are conditional upon disinterested shareholder approval at the Corporation's Annual and Special Meeting on December 18, 2015. Since the number of options issued today is the same as the number that expired yesterday, the number of outstanding options as of today remains 5,040,160 the same as that reported in the first quarter 2016 financial statements released on November 18, 2015.

About Sangoma Technologies Corporation

Sangoma is a leading provider of hardware and software components that enable or enhance IP Communications Systems for both telecom and datacom applications. Sangoma's data boards, voice boards, gateways and connectivity software are used in leading PBX, IVR, contact center and data-communication applications worldwide. The product line includes both hardware and software components that offer a comprehensive toolset for deploying cost-effective, powerful, and flexible communication solutions.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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