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Last $0.0005 USD
Change Today -0.0005 / -50.00%
Volume 189.0K
SXHHF On Other Exchanges
As of 8:10 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

sonomax technologies inc (SXHHF) Snapshot

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52 Week High
04/1/15 - $0.15
52 Week Low
01/20/15 - $0.0001
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Average Volume 10 Days
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sonomax technologies inc (SXHHF) Details

Sonomax Technologies Inc. engages in the development and licensing of intra-ear technology for hearing protection, hearing enhancement, and other auditory applications. The company offers custom-fitted hearing protection and communication enhancement products; and functional accessories, such as Sonomax Self-Fit hearing protection faceplate to support third party acoustic tube radio solutions and Sonomax Quick-Fit lubricant. It also provides SonoPass proof of performance software for validating earpiece performance; and earpiece solutions that are plug and play with multiple radio systems. Sonomax Technologies Inc. sells its products through industrial wholesalers, CE retail distributors, and OEMs primarily in Australia, Canada, Europe, and the United States. The company was formerly known as Sonomax Hearing Healthcare Inc. and changed its name to Sonomax Technologies Inc. in March 2010. The company was founded in 1998 and is headquartered in Montreal, Canada.

Founded in 1998

sonomax technologies inc (SXHHF) Top Compensated Officers

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sonomax technologies inc (SXHHF) Key Developments

Sonomax Technologies Inc. Announces Update on 12% Secured Subordinate Convertible Debentures

Sonomax Technologies Inc. announced that the holders of its 12% secured subordinate convertible debentures have exercised their security over Sonomax's assets and have taken all of Sonomax's assets in payment of principal and accrued interest on the debentures. Sonomax failed to pay the aggregate principal amount of $4,586,000 of the 12% secured subordinate convertible debentures that became due on February 15, 2014, as well as accrued interest on the debentures in an aggregate amount of $1,106,432 as of September 30, 2014, representing a total amount due to the debenture holders of approximately $5.7 million as of that date. As confirmed by an independent valuation of Sonomax's assets, the total amount due to the debenture holders exceeded the value of Sonomax's assets by a significant amount. Accordingly, Sonomax's assets have been surrendered in favor of the debenture holders.

Sonomax Technologies Delisted From CSE

The common shares of Sonomax Technologies Inc. will be delisted from Canadian Securities Exchange (CSE) at the market close on October 9, 2014.

Sonomax Technologies Inc Announces Board Changes

Sonomax Technologies Inc. announced the resignations of Mr. Peter Malouf, Chairman, and Mr. Peter Brennan, Vice-Chairman of the Board of Directors of Sonomax. As Sonomax starts down a path to attempt to reorganize the company, it is no longer possible for them to stay on the Board. As a result, the Board of Directors of Sonomax consists of Nick Laperle, Adam Schwartz and Kevin Veenstra.


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