Intermap closes C$11.26m equity financing
Intermap closed a bought-deal LIFE offering and concurrent private placement to fund operations and government-program execution.
Evidence notes
- The LIFE offering issued 2,957,000 common shares at C$2.25 for C$6,653,250 in gross proceeds.
- A concurrent placement issued 2,047,225 shares at the same price for C$4,606,256.25 in gross proceeds.
- The combined proceeds were designated for operations, government-program execution and near-term working capital.
Company context
Intermap provides 3D geospatial intelligence, elevation data and terrain-processing software used for mapping, positioning, aviation, infrastructure and autonomous navigation.