|By Marketwired .||
|July 2, 2014 04:05 PM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 07/02/14 -- ProntoForms Corporation (TSX VENTURE: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 Corporation
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 management portal to manage teams and data flow, and provides the ability to export or connect data to the back office or to popular cloud services. ProntoForms is the Frost & Sullivan winner of the North American Customer Value Leadership Award for Mobile Forms.
ProntoForms Corporation, formerly TrueContext Mobile Solutions 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.
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.
Chief Executive Officer
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