CALGARY, March 16, 2018 (TSX: IMP), (ITMSF:BB) - Intermap Technologies Corporation (“Intermap” or the “Company”) held its annual shareholders meeting (the “Meeting”) on March 15, 2018, at the Fairmont Palliser Hotel in Calgary, Alberta. A total of 11,135,754 common shares, representing 67.92% of the common shares outstanding, were represented in person or by proxy at the Meeting.
Intermap’s shareholders voted in favour of all items of business put forward at the Meeting, including the election of all nominated directors, the approval of the Company’s Omnibus Incentive Plan, the approval of an amendment to the Company’s articles to consolidate the issued and outstanding common shares of the Company, the approval of an amendment to the expiry date of 546,456 outstanding warrants of the Company, the approval of Intermap’s Amended and Restated By-Law No. 1, and the re-appointment of KPMG LLP as the auditors of the Company.
The votes in respect of the election of directors are as follows:
More detailed results of the other matters that were voted on by shareholders have been filed under the Company’s profile on SEDAR at: www.sedar.com.
About Intermap Technologies
Headquartered in Denver, Colorado, Intermap (www.intermap.com) is an industry leader in geospatial intelligence solutions. These geospatial solutions are used in a wide range of applications including, but not limited to, location-based information, risk assessment, geographic information systems, engineering, utilities, global positioning systems, oil and gas, renewable energy, hydrology, environmental planning, land management, wireless communications, transportation, advertising, and 3D visualization. Intermap generates revenue from three primary business activities, comprised of i) data acquisition and collection, using proprietary, multi-frequency, radar sensor technologies, ii) value-added data products and services, which leverage the Company’s proprietary NEXTMap® database, together with proprietary software and fusion technologies, and iii) commercial applications and solutions, including a webstore and software sales targeting selected industry verticals that rely on accurate high resolution elevation data. The Company is a world leader in geospatial data management and processing, including fusion, analytics, and orthorectification, and has decades of experience aggregating data derived from a number of different sensor technologies and data sources. For more information please visit www.intermap.com.
Intermap Reader Advisory
Certain information provided in this news release constitutes forward-looking statements, including the Company’s profitability and revenue generating activities. 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:
Executive Vice President and CFO
+1 (303) 708-0955