Intermap Technologies 2013 Fourth Quarter Conference Call Notice

Posted by Rich Mohr

Feb 27, 2014 8:30:00 AM

DENVER – February 27, 2014 (TSX: IMP) - Intermap Technologies Corporation issued notice today that it will release its 2013 fourth quarter financial results following the close of markets on Monday, March 17, 2014.

A conference call to review the results will take place the same day at 4:30pm ET (2:30pm MT). To participate in the call, please dial +1-647-427-7450 or  1-888-231-8191 approximately 10 minutes prior to the conference call and provide conference ID 9049199. A recording of the conference call will be available through March 31, 2014. Please dial +1-416-849-0833 or 1-855-859-2056 and provide pass code 9049199 to listen to the rebroadcast. The call will also be available on Intermap’s website at http://www.intermap.com/investors.aspxfor replay.

About Intermap Technologies

Headquartered in Denver, Colorado Intermap (www.intermap.com) is an industry leader in geospatial solutions on demand with its secure, cloud based Orion Platform™. Through its powerful suite of 3DBI applications and proprietary development of contiguous databases that fuse volumes of geospatial data into a single source, the Orion Platform is able to provide location- based solutions for customers in diverse markets around the world. For more information please visit www.intermap.com.
 
For more information, please contact: 
 
Intermap Technologies
Rich Mohr, Senior Vice President & Chief Financial Officer
[email protected] 
+1 (303) 708-0955

Canada
Cory Pala, Investor Relations
[email protected] 
+1 (416) 657-2400
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Topics: Financial Results

Intermap Completes US$5.0 Million Convertible Debt Financing

Posted by Rich Mohr

Feb 7, 2014 9:00:00 AM

DENVER, February 7, 2014 - (TSX:IMP) - Intermap Technologies Corporation ("Intermap" or the "Company"), is pleased to announce that on February 7, 2014, it completed a previously announced private placement convertible debt financing for aggregate proceeds of US$5,000,000 (the "Debt Financing"). 
 
The Debt Financing matures 12 months from the date of issuance and the principal amount is convertible into common shares of the Company (the "Common Shares") at each of the holder's option at a price of C$0.45 per Common Share. Simple interest is payable at maturity at an annual rate of 16.0%. If the principal amount is converted into Common Shares, any interest payable on such principal amount shall be forgiven and the Company shall cease to owe, and each of the holders shall cease to have any right to payment of, any interest amount. In addition, an aggregate of 3,091,572 warrants were issued to a holder of the convertible debt, entitling such holder to purchase up to 3,091,572 Common Shares at a price of C$0.56 per share. The warrants expire in three years and are subject to adjustment in certain events.

The Debt Financing is subject to a prepayment right by the Company at 116% of the principal amount at any time following six months from the date of closing, subject to a 60 day notice period and each of the holder's right to exercise its conversion rights during any such notice period.

The proceeds of the Debt Financing will be used by the Company to accelerate the development and market introduction of its RiskPro and GeoPro 3D Business Intelligence software products for governments, enterprises and consumers.  

About Intermap Technologies
Headquartered in Denver, Colorado - Intermap (www.intermap.com) is an industry leader in geospatial solutions on demand with its secure, cloud based Orion Platform™. Through its powerful suite of 3DBI applications and proprietary development of contiguous databases that fuse volumes of geospatial data into a single source, the Orion Platform is able to provide location- based solutions for customers in diverse markets around the world. For more information please visit www.intermap.com.

Intermap Reader Advisory
Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect"," project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements.  Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties.  You can find a discussion of such risks and uncertainties in our Annual Information Form and other securities filings.  While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected.  Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom.  All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.  The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
 
For more information, please contact: 
 
Intermap Technologies
Rich Mohr, Senior Vice President & Chief Financial Officer
[email protected] 
+1 (303) 708-0955


Canada
Cory Pala, Investor Relations
[email protected] 
+1 (416) 657-2400


United States
Budd Zuckerman, Investor Relations
Genesis Select Corporation
[email protected]
+1 (303) 415-0200 
Read More

Topics: Financial Results

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