Intermap Completes US$500,000 Convertible Debt Financing and Announces Re-Pricing of Warrants

Posted by Rich Mohr

Dec 29, 2014 11:46:10 AM

DENVER, December 29, 2014 - (TSX:IMP) - Intermap Technologies Corporation ("Intermap" or the "Company"), is pleased to announce that on December 26, 2014, it completed a private placement convertible debt financing for aggregate proceeds of US$500,000 (the "Debt Financing").

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Topics: Board of Directors, Investors

Intermap Completes US$500,000 Convertible Debt Financing

Posted by Rich Mohr

Dec 15, 2014 9:05:00 AM

DENVER, December 15, 2014 - (TSX:IMP) - Intermap Technologies® Corporation ("Intermap" or the "Company"), is pleased to announce that on December 12, 2014, it completed a private placement convertible debt financing for aggregate proceeds of US$500,000 (the "Debt Financing").

The Debt Financing matures six months from the date of issuance and the principal amount is convertible into common shares of the Company (the "Common Shares") at the holder's option into 5,741,187 Common Shares (25% premium to market based on closing price on December 11, 2014). 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 the holder shall cease to have any right to payment of, any interest amount. In addition, an aggregate of 1,137,202 warrants were issued to the holder of the convertible debt, entitling the holder to purchase up to 1,137,202 Common Shares at a price of C$0.10 per share (25% premium to market based on closing price on December 11, 2014). The warrants expire in three years and are subject to adjustment in certain events.

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Topics: Board of Directors, Investors

Intermap Technologies Announces Partnership With DTM Technologies

Posted by Intermap Technologies

Dec 1, 2014 2:09:00 PM

DENVER – December 1, 2014 (TSX: IMP) – Intermap Technologies®, a leading provider of location-based solutions, has recently partnered with DTM Technologies, a digital aerial mapping and 3D modelling company based in Anglesey, North Wales. With more than 30 years experience collecting, aggregating, and commercializing geospatial data from around the world, Intermap will help DTM Technologies assist clients with accurate and relevant digital map data, which forms the basis of many of our visualisations.

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Topics: New Partner

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