Intermap Technology (TSE:IMP) has released an update.
Intermap Technologies has successfully completed the first tranche of its LIFE Offering, raising CAD$1,246,500 by issuing 2,770,000 shares at CAD$0.45 each, with plans to fund key projects including a mapping contract in Indonesia and an expanded agreement with the U.S. Air Force. The company anticipates a second tranche at the same share price and aims to capitalize on strong investor demand underscored by significant international projects. This strategic financial move is intended to support the company’s working capital requirements for its signed programs and contract obligations.
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