Intermap Technologies Corporation today announced the closing of its previously announced short form prospectus offering. The Company sold 8,125,000 common shares (“Common Shares”) at a price of C$0.80 per Common Share through Canaccord Genuity Corp. pursuant to an underwriting agreement dated June 21, 2010. The offering resulted in total gross proceeds to Intermap of C$6,500,000. The net proceeds from the financing will be used for general corporate purposes. Subsequent to the July 6, 2010 closing, Intermap has 60,659,740 Common Shares outstanding. Read More
