DENVER, May 7, 2015 /PRNewswire/ - (TSX:IMP)
- Intermap Technologies Corporation ("Intermap" or the
"Company"), reports today that it issued 4,530,166 warrants
to a previous debt holder following shareholder approval of the
issuance at the Company's May 1, 2015
Annual General Meeting.
The warrant issuance is part of a debt financing that occurred
on January 14, 2015, which included
the issuance of warrants to purchase 6,000,000 Common Shares of the
Company. Of this amount, 1,469,834 were issued at the time of
closing and the issuance of the remaining 4,530,166 shares was
subject to shareholder approval. The warrants have an exercise
price of C$0.08 (US$0.06), expire in three years, and are subject
to adjustment in certain events.
Intermap 2015 First Quarter Conference Call
Intermap issued notice today that it will release its 2015 first
quarter financial results after market close on Friday May 15, 2015.
A conference call to review the results will take place
May 15, at 5:00 pm ET. To participate in the call, please
dial +1-647-427-7450 approximately 10 minutes prior to the
conference call and provide conference ID 39755918. A recording of
the conference call will be available through July 31, 2015. Please dial +1-416-849-0833 and
provide pass code 39755918 to listen to the rebroadcast. The call
will also be available on Intermap's website at
http://www.intermap.com/investors.aspx for replay.
About Intermap Technologies
Headquartered in Denver,
Colorado - Intermap (www.intermap.com) is an industry leader
in geospatial solutions on demand with its secure, cloud based
Orion Platform™. Through its powerful suite of 3DBI 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
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.
SOURCE Intermap Technologies Corporation