Intermap Announces US$7.3 Million Debt Financing With Vertex One Asset Management

Posted by Rich Mohr

Feb 26, 2015 8:18:21 AM

DENVER – February 26, 2015, Intermap Technologies Corporation (TSX:IMP), (ITMSF:BB), a leading provider of geospatial solutions on-demand created from its uniform, high-resolution 3D digital models of the earth's surface, today announced that it has entered into an agreement to complete a non-brokered US$7.3 million debt financing (the “Debt Financing”) with Vertex One Asset Management (“Vertex”) of Vancouver, BC.

“The financing provides the Company with the resources to retire an outstanding note payable that became due earlier this month, consolidate debt, and add the working capital needed for the execution of our business plan,” said Todd Oseth, Intermap’s President and CEO.  “Partnering with Vertex, a leading Canadian fund, provides Intermap with the financial backing required to complete the Company’s transformation into a 3DBI geospatial software-driven company, as well as support the Company’s continued pursuit of Spatial Data Infrastructure (SDI) opportunities around the world.  We are pleased that Vertex has recognized Intermap’s strategic positioning in, and vision for, the evolving geospatial technology sector.”    

Read More

Topics: Financial Results, Investors

Intermap Technologies Announces Partnership With Metalocation

Posted by Intermap Technologies

Feb 3, 2015 9:43:00 AM

DENVER – January 5, 2014 (TSX: IMP) – Intermap Technologies®, a leading provider of location-based solutions, has recently partnered with Metalocation, a design consultancy and engineering company based in Sao Paulo, Brazil.

Metalocation specializes in mapping and geoprocessing; specifically: spatial data logical and conceptual modeling, spatial data conversion, spatial data quality (QA/QC), metadata creation, geocoding of rural properties (parcels mapping), geomarketing (site selection/redistricting), cost-benefit/requirements analysis for GIS/base maps, requirements in the design of airborne sensing and territorial register, drawing up RFP and reference terms (bidding), and also thematic mapping and design and implementation of GIS and webmapping systems.

Read More

Topics: New Partner

To receive Intermap news register here  with Canada Newswire

Media Coverage

Click here to view media coverage of Intermap.

Recent Releases

Releases by Month

see all