Intermap Closes Final Tranche of Private Placement

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DENVER, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced that it closed the third and final tranche of its previously announced offering (the “Offering”) of Class “A” common shares of the Company. The third tranche included the issuance of 2,491,568 Common Shares at a price of CAD$0.45 per Common Share for aggregate gross proceeds of approximately CAD$1,121,206. Patrick A. Blott, Chairman and CEO of Intermap acquired approximately 6% of the Common Shares issued under the third tranche of the Offering.

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