Mercantil Colpatria S.A. and 3 Dispose of Shares of Prontoforms Corporation

OTTAWA, Nov. 22, 2019 (GLOBE NEWSWIRE) -- Pursuant to the requirements of National Instrument 62-104, Mercantil Colpatria S.A. and Vince Business Corp announce that they have sold an aggregate of 3,201,500 common shares of ProntoForms Corporation ("ProntoForms") through the facilities of the TSX Venture Exchange at a price of $0.544 per share, representing approximately 2.7% of the issued and outstanding common shares of ProntoForms.

Following such sale, Mercantil Colpatria and Vince Business Corp together continue to own or exercise control or direction over 12,013,085 common shares of ProntoForms representing approximately 10.0% of the issued and outstanding common shares.

The foregoing disposition was made for investment purposes.

A copy of the early warning report relating to this transaction will be made available under ProntoForms' SEDAR profile at www.sedar.com.

Mercantil Colpatria S.A.
Carrera 7# 24-89 33 floor, Bogota, Colombia

Vince Business Corp.
Calle 49a, El Cangrejo, Edificio Imperial, Ciudad de Panama, Panama

For more information:
Nicolas Duran
CFO of Mercantil Colpatria
+57 (1) 7943663