Prontoforms Corporation Announces Exercise Of Outstanding Warrants
OTTAWA, Canada – July 2, 2014 – ProntoForms Corporation (TSXV:PFM), a leading mobile form business process solution for enterprises and SMBs, is pleased to announce that the holders of 6,944,444 common share purchase warrants that were issued by ProntoForms through tranches in late 2011 and early 2012 have exercised such warrants. These warrants had an exercise price of $0.30 per common share and had been set to expire on June 30, 2014, if not exercised.
ProntoForms issued a total of 6,944,444 common shares to the holders of such warrants for gross proceeds of $2,083,333.20.
About ProntoForms and ProntoForms Corporation (http://www.prontoforms.com)
ProntoForms is a mobile workflow solution used by over 2,500 business customers to collect, receive and submit data in the field. Available for smartphones and tablets, the ProntoForms solution incorporates a mobile device App, a Web portal to manage teams and data flow, and provides the ability to export or connect data to the back office, popular cloud services or other data destinations. ProntoForms is the Frost & Sullivan winner of the North American Customer Value Leadership Award for Mobile Forms
ProntoForms Corporation, has a powerful and proprietary patent portfolio, from which the ProntoForms mobile App and Web reporting portal have been developed. The company trades on the TSXV under the symbol PFM. ProntoForms is the registered trademark of ProntoForms Inc., a wholly-owned subsidiary of ProntoForms Corporation.
Matthew Ross - Media Manager