Business
COUNTERPATH ANNOUNCES BROKERED PRIVATE PLACEMENT FOR A MINIMUM OF $5 MILLION AND A MAXIMUM OF $10 MILLION
May 19, 2011 (Canada NewsWire Group) -- /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERV...
About this update from Newpath Resources Inc
[{"type":"text","content":"\n\n\n May 19, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR\n DISSEMINATION IN THE UNITED STATES/\n\n\nVANCOUVER, May 19 /CNW/ - CounterPath Corporation ("CounterPath" or the "Company") (OTCBB: CPAH) (TSX-V: CCV), an award-winning provider of desktop and mobile VoIP software products and solutions,\n today announced that it has engaged National Bank Financial Inc. and\n Canaccord Genuity Corp. as co-lead agents to raise a minimum of $5\n million and a maximum of $10 million by way of a marketed private\n placement (the "Offering") of units at a price of $1.75 per unit (the\n "Units").\n\n\nEach Unit will consist of one common share and one-half of one common\n share purchase warrant (the "Warrant"). Each full Warrant will entitle\n the holder thereof to purchase one additional common share of the\n Company at a price of $2.25 per common share for a period of two years\n from the closing of the Offering.\n\n\nThe net proceeds received by CounterPath from the Offering will be used\n to expand sales and marketing efforts, for working capital, and for\n general corporate purposes.\n\n\nCounterPath has agreed to use its best commercially reasonable efforts\n to file, and keep effective, a resale registration statement with the\n U.S. Securities and Exchange Commission relating to the securities to\n be sold in the Offering.\n\n\nThe securities described herein have no...