CounterPath Announces Exercise of Warrants For Proceeds of $750,000

BY: 

Dave Forde
August 2, 2011

Desktop and mobile VOIP software developer, CounterPath Corporation recently announced it has received total proceeds of $750,000 from the exercise of 833,334 warrants issued pursuant to a private placement that closed October 29 2009. Accordingly, the Company issued 833,334 shares of common stock (“Shares”) in exchange for the exercised warrants. The warrants were exercisable at a price of $0.90 per share until October 29, 2011.

The company plans to use the proceeds to further expand sales and marketing efforts, working capital, and general corporate purposes.

Join your peers!

Get news, tips and other industry news delivered into your inbox for FREE!

Related Stories:

Dave Forde


Dave “The Connector” Forde has been involved in the marketing, public relations and technology industry across Canada for over 20 years in various sales and marketing roles, he launched The Connected One network of business sites which connects buyers to the right sellers. Profectio and PR In Canada covers news about the marketing and public relations industry each day helping professionals advance their career and businesses. He also serves as an advisor to a number of businesses across the country. Find Dave on LinkedIn and Twitter.


>