
CounterPath Announces Private Placement
Vancouver, BC, Canada - June 12, 2012 - CounterPath Corporation, an award-winning provider of desktop and mobile VoIP (Voice over Internet Protocol) software products and solutions, today announced that it intends to complete a non-brokered private placement of up to 1,400,000 units of the Company at CDN$2.50 per Unit for total gross proceeds of up to CDN$3,500,000. The Company may increase the size of the private placement if warranted. The Company plans to use the proceeds from the Offering towards general working capital.
CounterPath's SIP-based VoIP softphones are changing the face of telecommunications. An industry and user favorite, Bria softphones for desktop and mobile devices, at the same time with the company's server applications and Fixed Mobile Convergence solutions, enable service providers, OEMs and enterprises large and small around the globe to offer a seamless and unified communications experience across both fixed and mobile networks. Standards-based, cost-effective and reliable, CounterPath's award-winning solutions power the voice and video calling, messaging, and presence offerings of customers just as Alcatel-Lucent, AT&T, Verizon, BT, Mobilkom Austria, Rogers, Avaya, BroadSoft, Cisco Systems, GENBAND, Metaswitch Networks, Mitel and NEC. For more information, visit www.counterpath.com.
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