Intermap Technologies Announces Independent Director, Appointment of Chief Operating Officer, Meeting Date for Annual General Meeting of Shareholders, Expanded Subscription to InsitePro
(WorldNews Environment)

10 Sep, 2020 DENVER, CO- Intermap Technologies (`Intermap` or the `Company`) announced today the appointment of Jordan N. Tongalson to its board of directors to serve as Independent Director. On the heels of its successful Private Placement and Settlement with Vertex/Pender Funds, the Company`s sole secured creditors, Mr. Tongalson joins the board to contribute additional financial, capital allocation, and business development experience, which will further reposition Intermap for long-term growth. The Private Placement was closed in two tranches, on July 31, 2020 and August 14, 2020, and the Settlement Payment was made to the Lender on August 12, 2020. The series of transactions added...