ProntoForms Announces Closing of $5.77 Million in Private Placements

ProntoForms (TSXV:PFM) has announced it has closed the bought deal private placement financing announced May 30, 2017, selling 13.8 million units at a price of $0.389 each for proceeds of $5.27 million.
As quoted in the press release:

Concurrent with the Offering, the Company also completed the non-brokered private placement (the “Concurrent Private Placement“) announced on June 5, 2017, selling 1,315,780 Units at the Offering Price for additional aggregate gross proceeds to the Company of approximately $500,000.
Each Unit consists of one common share (a “Common Share“) in the capital of the Company and one half of one common share purchase warrant (each whole warrant, a “Warrant“) of the Company. Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price per Common Share of $0.48 for a period of 24 months from the closing of the Offering.
In connection with the Offering, the Underwriters received an aggregate cash fee equal to $309,579.35. The Company also issued 814,682 compensation options (the “Compensation Options“) to the Underwriters each entitling the holder thereof to purchase one Common Share at the Offering Price for a period of 12 months from the closing of the Offering.
The Company plans to use the net proceeds from the Offering and Concurrent Private Placement for working capital and general corporate purposes.
The Units and the Compensation Options, 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.

Click here to read the full press release.