MARKHAM, ON, July 22, 2020 /CNW/ – Sangoma Technologies Corporation (TSXV: STC) (the “Company” or “Sangoma“) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. (collectively, the “Underwriters“) pursuant to which the Underwriters have agreed to purchase 26,090,000 Common Shares (the “Common Shares“) from the treasury of the Company, at a price of $2.30 per Common Share for total gross proceeds of approximately $60 million (the “Offering“).