PRONTOFORMS CORPORATION ANNOUNCES CLOSING OF $3.45 MILLION IN PRIVATE PLACEMENTS

ProntoForms Corp. has closed the bought-deal private placement financing announced on Sept. 2, 2015, of nine million units, including the full exercise of the underwriters option, at an issue price of 30 cents per unit for aggregate gross proceeds to the company of $2.7-million. The offering was led by Beacon Securities Ltd. and included Global Maxfin Capital Inc. PowerOne Capital Markets Ltd. acted as the primary participant in the selling group for the offering. Concurrent with the offering, the company also completed a non-brokered private placement with certain insiders of the company of 2.5 million units at the offering price for additional aggregate gross proceeds to the company of $750,000.

Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each whole warrant entitles the holder thereof to acquire one common share at an exercise price per common share of 45 cents for a period of 18 months from the closing of the offering. In connection with the offering, the underwriters received an aggregate cash fee equal to $162,600. The company also issued 542,000 compensation options to the underwriters and the member of the selling group that entitle the holders to purchase common shares at the offering price for a period of 18 months from the closing of the offering.

The company plans to use the net proceeds from the offering for working capital and general corporate purposes. The units, including all underlying securities thereof, are subject to a hold period of four months and one day from their date of issuance under applicable Canadian securities laws.

We seek Safe Harbor.