IMAP Intermap Tech

 
TIDMIMAP 
 
Intermap Technologies enters into a bought deal agreement for Cdn $ 10,000,000 
 
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION 
    IN THE UNITED STATES/ 
 
    Ticker: TSX - IMP 
            AIM - IMAP 
 
    CALGARY, April 7 /CNW/ - Intermap Technologies Corporation (the 
"Company") is pleased to announce that it has entered into an agreement to 
sell, on a bought deal basis, 5,000,000 units (the "Units") at a price of 
C$2.00 per Unit to Canaccord Capital Corporation ("Canaccord"), for gross 
proceeds to the Company of C$10 million. Each Unit will consist of one common 
share and one-half of one common share purchase warrant. Each whole warrant 
will be exercisable at a price of C$3.00 for a period of one year from the 
closing date. 
    In addition, Canaccord has been granted an option (the "Over-allotment 
Option") to sell that number of additional Units as is equal to 15% of the 
size of the offering for market stabilization and over-allotment purposes. The 
Over-allotment Option may be exercised at any time, in whole or in part, until 
that date which is 30 days following the closing date. The offering is 
scheduled to close on or about April 27, 2009 and is subject to certain 
conditions including, but not limited to, the receipt of all necessary 
approvals including stock exchange approvals. 
    Proceeds of the offering will be used by the Company for sales and 
marketing and general corporate purposes. 
    The securities offered have not been registered under the U.S. Securities 
Act of 1933, as amended, and may not be offered or sold in the United States 
absent registration or an applicable exemption from the registration 
requirements. This press release shall not constitute an offer to sell or the 
solicitation of an offer to buy nor shall there be any sale of the securities 
in any State in which such offer, solicitation or sale would be unlawful. 
 
    About Intermap Technologies 
 
    Intermap (TSX: IMP.TO, AIM: IMAP.L) is a preeminent digital mapping 
company creating uniform high-resolution 3D digital models of the earth's 
surface. The Company has proactively remapped entire countries and is building 
uniform national datasets, called NEXTMap(R), consisting of affordably priced 
elevation data and geometric images of unprecedented accuracy. Demand for 
NEXTMap data is growing as new commercial applications emerge within the GIS, 
engineering, automotive, consumer electronics, insurance risk assessment, oil 
and gas, renewable energy, hydrology, environmental planning, wireless 
communications, transportation, aviation, and 3D visualization markets. 
    Headquartered in Denver, Colorado, Intermap employs more than 850 people 
worldwide, with additional offices in Calgary, Detroit, Jakarta, London, 
Munich, Ottawa, Paris, Prague, and Washington D.C. For more information, visit 
www.Intermap.com. 
 
    NEXTMap(R) is a registered trademark of Intermap Technologies Corporation 
 
    Intermap Reader Advisory 
    Certain information provided in this news release constitutes 
forward-looking statements. The words "anticipate", "expect", "project", 
"estimate", "forecast" and similar expressions are intended to identify such 
forward-looking statements. Although Intermap believes that these statements 
are based on information and assumptions which are current, reasonable and 
complete, these statements are necessarily subject to a variety of known and 
unknown risks and uncertainties. You can find a discussion of such risks and 
uncertainties in our Annual Information Form and other securities filings. 
While the Company makes these forward-looking statements in good faith, should 
one or more of these risks or uncertainties materialize, or should underlying 
assumptions prove incorrect, actual results may vary significantly from those 
expected. Accordingly, no assurances can be given that any of the events 
anticipated by the forward-looking statements will transpire or occur, or if 
any of them do so, what benefits that the Company will derive therefrom. All 
subsequent forward-looking statements, whether written or oral, attributable 
to Intermap or persons acting on its behalf are expressly qualified in their 
entirety by these cautionary statements. The forward-looking statements 
contained in this news release are made as at the date of this news release 
and the Company does not undertake any obligation to update publicly or to 
revise any of the forward-looking statements made herein, whether as a result 
of new information, future events or otherwise, except as may be required by 
applicable securities law. 
 
 
For further information: Intermap Technologies: Richard Mohr, Senior Vice 
President & Chief Financial Officer, rmohr(at)intermap.com, (303) 708-0955; 
Canada - Financial: Corbet Pala, Investor Relations, E-vestor Communications 
Inc., cpala(at)evestor.com, (416) 657-2400; United States - Financial: Budd 
Zuckerman, Investor Relations, Genesis Select Corporation, 
bzuckerman(at)genesisselect.com, (303) 415-0200; United Kingdom - AIM, 
Nominated Advisor: Canaccord Adams Limited, Andrew Chubb, Clayton Bush, +44 
(0) 207 050 6500 
(IMP. IMAP) 
 
 
 
 
 
 
 
END 
 

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