Intermap Completes US$5.0 Million Convertible Debt Financing
Summary
DENVER, February 7, 2014 - (TSX:IMP) - Intermap Technologies Corporation ("Intermap" or the "Company"), is pleased to announce that on February 7, 2014, it completed a previously announced private placement convertible debt financing for aggregate proceeds of US$5,000,000 (the "Debt Financing"). The proceeds of the Debt Financing will be used by the Company to accelerate the development and market introduction of its RiskPro and GeoPro 3D Business Intelligence software products for governments, enterprises and consumers. 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. The words "anticipate", "expect"," project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. 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.
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