Tucows 2014 Annual Report Download - page 104

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utilizing $4.0 million to fund deferred registration costs, deposits with registries, accounts receivable and prepaid
expenses.
Cash Flow from Financing Activities
Year ended December 31, 2014
Net cash used in financing activities during Fiscal 2014 totaled $4.1 million as compared to $1.4 million during
Fiscal 2013. Net cash of $6.3 million was used to fully repay our Amended Credit Facility and $1.2 million was used to
repurchase 0.1 million shares under our Normal Course Issuer Bid announced in March 2014. These uses of funds in
financing activities were partially offset by the proceeds from the exercise of stock options of $3.4 million.
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