Asian Surveying & Mapping
Breaking News
Israel Aerospace Industries Successfully Doubles Venµs Satellite’s Expected Service Life
Venµs changed altitude in space and will carry out...
South Korea launches KASS satellite to augment GPS
South Korea has successfully launched a precision aviation satellite...
China launches new batch of remote sensing satellites
XICHANG, June 23 (Xinhua) -- China successfully launched three...
Kenya launches nationwide airborne geophysical survey
Kenyan President Uhuru Kenyatta Tuesday launched the final report...
South Korea successfully launches home-grown Nuri space rocket
South Korea’s domestically built Nuri rocket successfully placed a...
Isro PSLV-C53 launch announced for June 30
The mission faced multiple initial delays, but was eventually...
Strong progress being made on the UK’s Geospatial Strategy
Annual plan published shows the Geospatial Commission’s progress on...
Israel Deploys Medicine Data-Map Skills to Avert Food Crisis
Even before the first wave of Covid-19 swept through...
Bricsys’ local partner, ACA Pacific, selected by Singapore government as Productivity Solutions Grant (PSG) vendor
The partnership will enable Singaporean companies to access the...
MapmyIndia joins hands with ISRO to boost 3D mapping
Homegrown navigation firm MapmyIndia on Friday said it has...

April 24th, 2011
Intermap Announces $6.45 Million Private Placement Financing

Each Warrant will entitle the holder thereof to purchase one Common Share at a purchase price of CDN$0.48 per share for a period of three years from the issue date. The terms of the Offering include a mandate that requires the replacement of four of the current members of the Company’s Board of Directors. The investors participating in the Offering will not be appointing any of the four new directors. The replacement of the Directors is scheduled to take place at or before the time of the Company’s next annual general meeting currently scheduled to be held in late July or early August 2011.

“This financing is an important requirement in our process to restructure Intermap and create a growing and profitable company in the future,” said Todd Oseth, Intermap’s new Chief Executive Officer. “The financing will provide the necessary working capital to move the Company forward with its new business plan. I’m pleased to see that our largest shareholders continue to support the vision of the Company.” Read More