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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Intermap Tech | LSE:IMAP | London | Ordinary Share | CA4589772041 | CLASS A COM SHS NPV (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 110.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMIMAP Intermap Technologies enters into a bought deal agreement for Cdn $ 10,000,000 /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ Ticker: TSX - IMP AIM - IMAP CALGARY, April 7 /CNW/ - Intermap Technologies Corporation (the "Company") is pleased to announce that it has entered into an agreement to sell, on a bought deal basis, 5,000,000 units (the "Units") at a price of C$2.00 per Unit to Canaccord Capital Corporation ("Canaccord"), for gross proceeds to the Company of C$10 million. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will be exercisable at a price of C$3.00 for a period of one year from the closing date. In addition, Canaccord has been granted an option (the "Over-allotment Option") to sell that number of additional Units as is equal to 15% of the size of the offering for market stabilization and over-allotment purposes. The Over-allotment Option may be exercised at any time, in whole or in part, until that date which is 30 days following the closing date. The offering is scheduled to close on or about April 27, 2009 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including stock exchange approvals. Proceeds of the offering will be used by the Company for sales and marketing and general corporate purposes. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. About Intermap Technologies Intermap (TSX: IMP.TO, AIM: IMAP.L) is a preeminent digital mapping company creating uniform high-resolution 3D digital models of the earth's surface. The Company has proactively remapped entire countries and is building uniform national datasets, called NEXTMap(R), consisting of affordably priced elevation data and geometric images of unprecedented accuracy. Demand for NEXTMap data is growing as new commercial applications emerge within the GIS, engineering, automotive, consumer electronics, insurance risk assessment, oil and gas, renewable energy, hydrology, environmental planning, wireless communications, transportation, aviation, and 3D visualization markets. Headquartered in Denver, Colorado, Intermap employs more than 850 people worldwide, with additional offices in Calgary, Detroit, Jakarta, London, Munich, Ottawa, Paris, Prague, and Washington D.C. For more information, visit www.Intermap.com. NEXTMap(R) is a registered trademark of Intermap Technologies Corporation Intermap Reader Advisory Certain information provided in this news release constitutes forward-looking statements. 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 further information: Intermap Technologies: Richard Mohr, Senior Vice President & Chief Financial Officer, rmohr(at)intermap.com, (303) 708-0955; Canada - Financial: Corbet Pala, Investor Relations, E-vestor Communications Inc., cpala(at)evestor.com, (416) 657-2400; United States - Financial: Budd Zuckerman, Investor Relations, Genesis Select Corporation, bzuckerman(at)genesisselect.com, (303) 415-0200; United Kingdom - AIM, Nominated Advisor: Canaccord Adams Limited, Andrew Chubb, Clayton Bush, +44 (0) 207 050 6500 (IMP. IMAP) END
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