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

Submitted by on August 2, 2011 – 10:41 am

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.

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Dave Forde

Dave “The Connector” Forde has been involved in the technology industry across Canada for over 10 years in sales and marketing roles, he launched PR In Canada, and on Profectio.

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