DENVER, June 15, 2015 - Intermap Technologies Corporation (“Intermap” or the “Company”) (TSX: IMP), (ITMSF:BB), a leading provider of location-based solutions, today announced that on June 12, 2015, the Company received an irrevocable notice of conversion from Vertex One Asset Management, Inc. (the "Noteholder") to convert all of its US$500,000 convertible note (the "Note") into 5,741,187 common shares ("Common Shares") of the Company (the "Conversion") at a conversion price of CDN$0.10 per common share, in accordance with the terms of the Note, using the December 10, 2014 Bank of Canada noon exchange rate of CDN$1.00 to US$0.8709.
The Note was originally issued by the Company on December 12, 2014 on a private placement basis (the "Note Financing"). For additional details regarding the Note Financing, please refer to the Company's press release dated December 15, 2014 and to its annual and quarterly financial statement filings subsequent to the date of the Note.
Headquartered in Denver, Colorado, Intermap Technologies is an industry leader in geospatial solutions on demand with its secure, cloud-based Orion Platform®. Through its powerful suite of software 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
For more information, please contact:
Rich Mohr, Senior Vice President & Chief Financial Officer
+1 (303) 708-0955
Canada – Financial
Cory Pala, Investor Relations
e.vestor Communications Inc.
+1 (416) 657-2400