TransactionsCassels Brock Acts For The Agents In Private Placement By CounterPath CorporationPublished: 06/18/2011 By Gregory Hogan, Chad Matheson, Michael Noonan, Ravi Shukla On June 14, 2011 CounterPath Corporation, an award-winning provider of desktop and mobile VoIP software products and solutions, announced that it raised gross proceeds of CDN$5,505,150 (US$5,636,170) by way of a brokered private placement of units at a price of CDN$1.75 per unit and entered into commitments for the early exercise of outstanding warrants providing for further proceeds of US$1,500,000. Under the private placement, each Unit consists of one common share and one-half of one common share purchase warrant. Each whole Warrant entitles the holder thereof to purchase one additional common share at a price of CDN$2.25 per Warrant Share for a period of two years from the closing of the Offering. Cassels Brock acted for the agents, National Bank Financial Inc. and Canaccord Genuity Corp., with a team consisting of Greg Hogan (Securities), Michael Noonan (Securities), Ravi Shukla (Information Techology) and Chad Matheson (Business). |