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Sangoma Announces Successful Closing of Bought Deal Private Placement Financing

Sangoma Technologies Corporation (TSX VENTURE:STC) (“Sangoma”), a trusted leader in delivering Unified Communications solutions for SMBs, Enterprises, OEMs, and Service Providers, is pleased to announce that it has closed its previously announced private placement, by issuing 13,138,000 common shares of the Company (“Common Shares”) at a price of $1.00 per share for total gross proceeds of $13,138,000.  All Common Shares issued pursuant to the Offering are subject to a hold period of four months and one day from the closing date of the Offering.

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