Intermap Issues Warrants and Announces Q1 Reporting Date

DENVER, May 7, 2015 /CNW/ - (TSX:IMP) - Intermap Technologies Corporation ("Intermap" or the "Company"), reports today that it issued 4,530,166 warrants to a previous debt holder following shareholder approval of the issuance at the Company's May 1, 2015 Annual General Meeting. 

The warrant issuance is part of a debt financing that occurred on January 14, 2015, which included the issuance of warrants to purchase 6,000,000 Common Shares of the Company. Of this amount, 1,469,834 were issued at the time of closing and the issuance of the remaining 4,530,166 shares was subject to shareholder approval. The warrants have an exercise price of C$0.08 (US$0.06), expire in three years, and are subject to adjustment in certain events.

Intermap 2015 First Quarter Conference Call

Intermap issued notice today that it will release its 2015 first quarter financial results after market close on Friday May 15, 2015.

A conference call to review the results will take place May 15, at 5:00 pm ET. To participate in the call, please dial [phone] approximately 10 minutes prior to the conference call and provide conference ID 39755918. A recording of the conference call will be available through July 31, 2015. Please dial [phone] and provide pass code 39755918 to listen to the rebroadcast. The call will also be available on Intermap's website at http://www.intermap.com/investors.aspx for replay.

About Intermap Technologies

Headquartered in Denver, Colorado - Intermap (www.intermap.com) is an industry leader in geospatial solutions on demand with its secure, cloud based Orion Platform™. Through its powerful suite of 3DBI applications and proprietary development of contiguous databases that fuse volumes of geospatial data into a single source, the Orion Platform is able to provide location- based solutions for customers in diverse markets around the world. For more information please visit www.intermap.com.

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.

SOURCE Intermap Technologies Corporation

Intermap Technologies, Rich Mohr, Senior Vice President & Chief Financial Officer, [email protected], [phone]; Canada - Financial, Cory Pala, Investor Relations, [email protected], [phone]