Intermap Private Placement Offering /NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN/
DENVER, July 28, 2021 /CNW/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) ("Intermap" or the "Company"), a global leader in geospatial content development and intelligence solutions, today announced a non-brokered Private Placement of 2,200,000 Class A Common Shares ("Common Shares") at a price of CAD$0.90 per Common Share to raise approximately CAD$2 million (the "Offering").
In connection with the Offering, Intermap may pay a cash finder's fee of up to 6% of the proceeds raised from the Offering plus Finder's Warrants. The proceeds from the Offering will be used for expansion opportunities and previously announced contract wins.
https://www.newswire.ca/news-releases/intermap-private-placement-offering-850660809.html