Intermap Completes Conversion of Convertible Note
DENVER, Aug. 30, 2013 /PRNewswire/ - Intermap (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 the Company has completed the second and final tranche of the conversion into common shares ("Common Shares") of its US$2,500,000 convertible note (the "Note"), originally issued on June 27, 2012, by way of a private placement (the "Note Financing"). For additional information regarding the Note Financing, please refer to the Company's press releases dated June 28, 2012, and July 3, 2013, and to its quarterly and annual financial statement filings.
Post-conversion, the Company will have 92,139,499 common shares outstanding.
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.
SOURCE Intermap Technologies Corporation