- Intermap Technologies (IMP) has closed a private placement of Class A common shares for gross proceeds of $2,044,227
- The company issued 4,008,288 shares priced at $0.51 per share
- Proceeds will be used by the company to expand its product offerings and pursue new strategic government and commercial contracts
- Intermap is a global leader in geospatial intelligence solutions
- Intermap Technologies Corporation (IMP) opened trading at C$0.50 per share
Intermap Technologies (IMP) has closed a private placement of Class A common shares for gross proceeds of $2,044,227.
The company issued 4,008,288 shares priced at $0.51 per share.
The capital raised strengthens Intermap’s balance sheet and enables the company to capitalize on new opportunities, expand its product offerings, pursue new strategic government and commercial contracts and grow existing contracts with key clients.
“We appreciate our shareholders’ support,” said Patrick A. Blott, Intermap Chairman and CEO. “The proceeds of the Private Placement will help fund the future growth of the Company and position us to execute on compelling opportunities.”
Intermap issued a total of 131,735 warrants to eligible finders, which are exercisable for two years from the date of issuance.
All securities issued are subject to a 4-month hold period.
Intermap is a global leader in geospatial intelligence solutions.
Intermap Technologies Corporation (IMP) opened trading at C$0.50 per share.
