DENVER, June 15, 2015 /PRNewswire/ - Intermap
Technologies Corporation ("Intermap" or the "Company") (TSX: IMP),
(ITMSF: BB), a leading provider of location-based solutions,
today announced that on June 12,
2015, the Company received an irrevocable notice of
conversion from Vertex One Asset Management, Inc., acting on behalf
of the Vertex Fund, for the conversion of a US$500,000 convertible note (the "Note") into
5,741,187 common shares of the Company.
The Note was originally issued by the Company on December 12, 2014, via a private placement (the
"Note Financing"). For additional information regarding the Note
Financing, please refer to the Company's press release dated
December 15, 2014, and to the annual
and quarterly financial statements filed by the Company following
the issuance of the Note.
About Intermap
Headquartered in Denver,
Colorado, Intermap Technologies is an industry leader in
geospatial solutions on demand with its secure, cloud-based Orion
Platform®. Through its powerful suite of software
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 additional
information about the Company, 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 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