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| Home : ProntoForms Corporation Agrees to New $4 Million Facility With BDC Capital Inc. |
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Aug 30
2016 |
ProntoForms Corporation Agrees to New $4 Million Facility With BDC Capital Inc. |
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OTTAWA, ON--(Marketwired - August 29, 2016) - ProntoForms Corporation (TSX VENTURE: PFM) (the "Company"), the leading provider of mobile data collection and analytics platforms for enterprises, and small to medium sized businesses, today announced that it has entered into a financing agreement with BDC Capital Inc. ("BDCC"), a wholly-owned subsidiary of Business Development Bank of Canada, for a $4 million five-year secured term credit facility bearing interest at a fixed rate of 7% per year. The credit facility provides for the disbursement of funds in stages subject to the Company meeting certain conditions. The first disbursement of $2 million is expected to be received within this fiscal quarter. |
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| Source:http://www.marketwired.com/mw/release.do?id=2154083&sourceType=3 |
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