OTTAWA, Sept. 11, 2014 /CNW/ - ProntoForms® Corporation (TSXV: PFM) ("ProntoForms"), today announced, pursuant to the requirements of the TSX Venture Exchange, that it has granted options to purchase 2,474,000 common shares to employees, directors and officers, including 1,990,000 common shares to directors and officers. The stock options form part of the overall annual remuneration package and are exercisable at $0.40 per share. Stock option grants are subject to necessary regulatory approvals.
ProntoForms also announced that it has extended a loan in the amount of $338,433 to its Chief Executive Officer, Alvaro Pombo, the proceeds of which were used by Mr. Pombo to fund the costs of exercising previously granted ProntoForms options. The loan has a two year term and is secured by a pledge of ProntoForms common shares held by Mr. Pombo.
About ProntoForms® and ProntoForms Corporation
ProntoForms is a mobile workflow solution used by 3,000 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. The scalable solution is deployed by any size business, in any industry, to speed up business processes, raise productivity and achieve operational excellence. ProntoForms is the Frost & Sullivan winner of the North American Customer Value Leadership Award for Mobile Forms. http://www.prontoforms.com
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. www.prontoforms.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: ProntoForms Corporation
For further information: Alvaro Pombo, Chief Executive Officer, ProntoForms Corporation, t: 613.599.8288 ext. 1111, e: firstname.lastname@example.org