COUNTERPATH CORPORATION (NASDAQ:CPAH) Files An 8-K Entry into a Material Definitive AgreementItem 1.01. Entry into a Material Definitive Agreement.
COUNTERPATH CORPORATION (NASDAQ:CPAH) Files An 8-K Entry into a Material Definitive Agreement
On December 14, 2016, we entered into subscription agreements to which we agreed to sell 454,097 shares of our common stock at a price of US$2.05 per share for gross proceeds of US$930,898.85. We issued these shares effective December 15, 2016.
The foregoing description of the subscription agreements does not purport to be complete and is qualified in its entirety by reference to such agreements, form of which is attached hereto as Exhibit 10.1, and is incorporated by reference herein.
Item 3.02 Unregistered Sales of Equity Securities.
The information provided under Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02. We issued the shares to three persons who represented that they were not US persons (as that term is defined in Regulation S of the Securities Act of 1933, as amended) in an offshore transaction to Regulation S and/or Section 4(a)(2) of the Securities Act of 1933, as amended.
Item 7.01 Regulation FD Disclosure.
A News Release dated December 15, 2016 is furnished herewith.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
10.1 Form of Subscription Agreement.
99.1 News Release dated December 15, 2016.