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Intermap Files Final Short Form Base Shelf Prospectus
Intermap Files Final Short Form Base Shelf Prospectus Canada NewsWire ...
About this update from Intermap Technologies Corporation Class A
[{"type":"text","content":"\n \n \n \n Intermap Files Final Short Form Base Shelf Prospectus\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Increases access to institutional investors and lowers the cost of capital\n \n \n \n \n Positions the Company to execute on growth opportunities\n \n \n \n \n \n DENVER\n \n \n ,\n \n \n May 16, 2022\n \n \n /CNW/ - Intermap Technologies (TSX: IMP) (OTCQX: ITMSF) (\"Intermap\" or the \"Company\"), a global leader in geospatial content development and intelligence solutions, today announced that it has obtained final receipt and filed a final short form base shelf prospectus with the securities commissions in each of the provinces of\n \n Canada\n \n , other than\n \n Quebec\n \n .\n \n \n Intermap filed the prospectus to give it flexibility to take advantage of financing opportunities as they may arise and as the Company deems appropriate, subject to market conditions and other relevant factors. Global capital markets can change quickly due to macro events unrelated to Intermap's attractive business opportunities. The base shelf prospectus will ensure that Intermap is front-footed in the capital markets. This filing is a natural evolution as the Company rapidly matures into a global and profitable organization. Intermap intends to use the net proceeds from the sale of securities to continue to pursue its growth strategy, which includes, among other things, financing for future acquisitions and to enhance profitable organic growth.\n \n \n This filing allows the Company to offer and issue up to\n \n CDN$20,000,000\n \n of common shares, preferred shares, debt securities, subscription receipts, warrants or units, or a combination thereof, during the 25-month period that the base shelf prospectus remains effective. The Corporation has undertaken not to complete an offering of securities under the base shelf prospectus unless it raises at least\n \n US$1,800,000\n \n under the base shelf or a private placement within 90 days following the issuance the final receipt. There is no certain...