Intermap Announces Debt Restructuring and US$5 Million Debt Financing with Vertex One Asset Management

Posted by Rich Mohr

Apr 15, 2016 6:52:54 AM

Denver, Colorado, April 15, 2016 – Intermap Technologies Corporation (“Intermap” or the “Company”), (TSX: IMP), (ITMSF: BB), a leading provider of geospatial solutions, today announced that it has entered into an agreement with its senior lender, pursuant to which three of its outstanding promissory notes, which were to become due and payable in April 2016, were restructured and consolidated, together with an additional advance of $5,000,000, into a new promissory note that bears interest at 15% per annum, with a maturity date of October 11, 2016.

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Topics: Investors

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