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ProntoForms announces exercise of outstanding warrants


 

OTTAWA, Canada – June 24, 2019 - ProntoForms Corporation (TSXV:PFM), the global leader in enterprise-grade smart mobile forms, announced today 6,758,400 common share purchase warrants were exercised at $0.48 per common share.

ProntoForms originally issued 7,597,890 warrants in a 2017 private placement that had been set to expire on June 21, 2019. Gross proceeds of CDN $3,244,032 were received upon the issuance of the 6,758,400 common shares. The remaining 839,490 warrants expired unexercised.



About ProntoForms® and ProntoForms Corporation

ProntoForms is a leading provider of smart mobile forms for enterprise. The Company's solution is used to collect and analyze field data with smartphones and tablets—either as a standalone solution or as a mobile front-end to corporate systems of record.

The Company's 100,000+ subscribers harness the intuitive, secure, and scalable solution to increase productivity, improve quality of service, and mitigate risks. The Company is based in Ottawa, Canada, and trades on the TSXV under the symbol PFM. ProntoForms is the registered trademark of ProntoForms Inc., a wholly owned subsidiary of ProntoForms Corporation.



For additional information, please contact:

Alvaro Pombo
Chief Executive Officer
ProntoForms Corporation
613.599.8288 ext. 1111
apombo@prontoforms.com
Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644-5081
bpedram@virtusadvisory.com
 
Certain information in this press release may constitute forward-looking information. For example, statements about the Company's future growth or value are forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company.
 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
 
Contact Information

Alvaro Pombo
Chief Executive Officer
ProntoForms Corporation
613.599.8288 ext. 1111


Babak Pedram
Investor Relations
Virtus Advisory Group Inc.
416-644-5081