News Release
Sangoma Technologies Corporation Announces Intention To Make A Normal Course Issuer Bid
NEWS RELEASE TRANSMITTED BY CCNMatthews FOR: SANGOMA TECHNOLOGIES CORPORATION TSX VENTURE SYMBOL: STC NOVEMBER 3, 2004 - 16:08 ET Sangoma Technologies Corporation Announces Intention To Make A Normal Course Issuer Bid MARKHAM, ONTARIO--(CCNMatthews - Nov. 3, 2004) - Sangoma Technologies Corporation (TSXV:STC) today announced that the TSX Venture Exchange (the "TSXV") has approved a notice of intention to make a normal course issuer bid which was filed by Sangoma with the TSXV. Pursuant to the terms of the bid, Sangoma will purchase its own common shares for cancellation through the facilities of the TSXV at the prevailing market price of the common shares. The number of common shares purchased by Sangoma will in no event be in excess of 5% of the issued and outstanding common shares at the date the bid commences, being 1,355,250 common shares of the 27,105,000 currently issued and outstanding common shares. Sangoma will effect purchases at varying times commencing on or after November 9, 2004 and continuing until no later than November 8, 2005. Founded in 1984, Sangoma (www.sangoma.com) develops and manufactures wide area network (WAN) communication hardware and software products, with an emphasis on the PC platform. The communications solutions, voice, data and video gateways support all popular WAN networks, line protocols and all standard PC operating systems and platforms including Linux, Windows, FreeBSD, Sun Solaris, NetWare and DOS. Sangoma Technologies Corporation is publicly traded on the TSX Venture Exchange (TSXV: STC - News). -30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Sangoma Technologies Corporation
David Mandelstam
President and Chief Executive Officer
(905) 474-1990
dm@sangoma.com
www.sangoma.com
Translate this page
Print this page
Glossary off