ProntoForms (TSX-V: PFM) will look to boost its books with a $4.5 million private placement offering next month.
The developer of mobile analytics platforms announced this week that it intends to issue 11.9 million shares at $0.38 each in a bought deal private placement offering.
Beacon Securities Ltd. and PI Financial Corp. will act as lead underwriters for the offering on the TSX Venture Exchange. Both firms will have the option of purchasing roughly two million additional shares, bringing to the total financing up to $5.3 million.
(Sponsored)
A commitment to mentoring and development creates the next generation of firm leaders
HW Partners (Formerly Hendry Warren LLP) is excited to announce the appointment of Celine Fu, CPA, CA, and Robin Lawrence, CPA, CA, to the firm’s partnership. The Partners are proud
OBJ announces partnership with Canada’s Forest Trust Corporation
OBJ is partnering with Ottawa-based Canada’s Forest Trust Corporation. (CFTC) and the City of Ottawa to help plant and protect trees in Ottawa as part of the Let’s get growing!
ProntoForms says the offering will go towards general corporate purposes and bolster its working capital.
The Ottawa-based firm has been on a roll in recent years, increasing year-over-year revenue by 28 per cent in fiscal 2016. Earlier this month, ProntoForms reported $3.1 million in first quarter revenues, including a 12-per-cent increase in recurring revenue.
ProntoForms’ shares reacted well to the news, rising 5.5 per cent in trading on Wednesday to close the day at $0.39.
The firm says it expects to make its offering on June 21.
