85% OF SONOMAX WARRANT HOLDERS EXERCISE
MONTREAL, Oct. 26 /CNW Telbec/ - Sonomax Technologies Inc. ("Sonomax" or the "Company") (TSX Venture: SHH) is pleased to announce that 28 of the 33 common share purchase warrant holders who were subject to a October 8th, 2010 deadline for exercising warrants at $0.05 have chosen to do so.
Since September 4, 2010, 12,883,847 common share purchase warrants have been exercised at an exercise price of $0.05 per share. These transactions have improved Sonomax's working capital position by $644,192.
As a result of these transactions, Sonomax has 292,280,955 issued and outstanding common shares.
About Sonomax Technologies Inc.:
Sonomax Technologies Inc. is a leading researcher, developer and licensor of in-ear technologies with over 50 patents and trademarks worldwide. Sonomax is dedicated to providing in-ear technologies that optimize fit, comfort, protection, and sound enhancement. The latest V4 Intelligent Fitting System features an earpiece you can easily and permanently fit to the exact shape of your ear in minutes. This breakthrough makes it possible to customize virtually any in-ear product on a mass scale, such as Bluetooth™ headsets, MP3 earphones, military communication earpieces, hearing protectors and hearing aids. The V4 Intelligent Fitting System bridges the gap between consumer's ears and countless OEM products, making it the dominant technology for a wide range of in-ear product applications.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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For further information:
Nick Laperle, President & CEO
Sonomax Technologies Inc.
[email protected]
Tel: 514-932-2674
W: www.sonomax.com
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