CounterPath and Columbia University Restructure Terms of Existing Research and Licensing Agreements

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[{"type":"text","content":"\n\n\n\nVANCOUVER, July 17 /CNW/ - CounterPath Corporation (TSX-V: CCV; OTCBB:\nCPAH), a leading provider of desktop and mobile VoIP software products and\nsolutions, today announced that it has restructured certain terms and\nobligations of the existing research and licensing agreements between\nCounterPath and Columbia University relating to technologies in the areas of\nmobile communications and voice over Internet.\n\n\nSince 1999, CounterPath, or its predecessors, has provided funding to\nsupport Columbia's research efforts, and certain technologies arising from\nthese efforts have been licensed to CounterPath. As a result of the\nrestructuring of certain terms and obligations of the existing research and\nlicensing agreements, CounterPath has issued 527,370 shares of common stock to\nColumbia to settle all outstanding amounts due to Columbia under such\nagreements and rights to certain technologies have reverted back to Columbia.\nThe common stock was issued at $0.75 (CDN$0.84) per share.\n\n\nThe shares issued will not be and have not been registered under the\nUnited States Securities Act of 1933 and may not be offered or sold in the\nUnited States absent registration or an applicable exemption from the\nregistration requirements of United States Securities Act of 1933.\n\n\nDisclaimer: The TSX Venture Exchange does not accept responsibility for\nthe adequacy or accuracy of this release.\n\n\n","length":1495,"tagName":"div"}]

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