MARKHAM, ONTARIO--(Marketwire - March 31, 2011) - Sangoma Technologies Corporation (TSX VENTURE:STC) today announced the grant of stock options effective March 31, 2011.
The Company has granted 596,900 options to eight employees of the Company and 200,000 options to four Directors of the Company. These options expire in 5 years, vest over a period from 1 year to 5 years, and have an exercise price of $0.53.
About Sangoma Technologies Corporation
Sangoma is the premium provider of voice and data connectivity components for software-based communication applications. Sangoma's data cards, voice cards, gateways and connectivity software are used in leading PBX, IVR, contact center and data-communication applications worldwide. The product line represents a comprehensive toolset for deploying cost-effective, powerful, and flexible software communication applications.
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.