Intermap Completes $6.45 Million Private Placement Financing

Posted by Rich Mohr

Apr 29, 2011 8:30:00 AM

Denver, CO, April 29, 2011 – (TSX:IMP) Intermap Technologies Corporation ("Intermap" or the "Company"), is pleased to announce it has completed a previously announced private placement with the Company’s two largest shareholders and certain other investors, for aggregate gross proceeds of CDN$6,450,000 of units ("Units") at a price of CDN$0.40 per Unit (the "Offering"). In addition, 1,225,000 Warrants were issued for agency fees.

Each Unit consists of one common share (a "Common Share") and one Common Share purchase warrant (a "Warrant") of Intermap.  Each Warrant will entitle the holder to purchase one Common Share at a purchase price of CDN$0.48 per share for a period of three years from the issue date.   

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Topics: Financial Results

Intermap Announces $6.45 Million Private Placement Financing

Posted by Rich Mohr

Apr 20, 2011 10:00:00 AM

Denver, CO, April 20, 2011 - - Intermap Technologies Corporation ("Intermap" or the "Company") (TSX:IMP), announced today that it has entered into agreements with the Company’s two largest shareholders, Special Situations Funds (“SSF”) and Invesco Trimark Ltd. (“ITL”) (both as managers of or advisors to individual funds that hold Common Shares of Intermap), and certain other investors, for a private placement of CDN$6,450,000 of units ("Units") of Intermap (the "Offering").

About the Offering

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Topics: Financial Results

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