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BRIEF-Intermap announces debt restructuring and equity rights offering
December 21, 2016 / 9:15 PM / 9 months ago

BRIEF-Intermap announces debt restructuring and equity rights offering

Dec 21 (Reuters) - Intermap Technologies Corp

* Proceeds from rights offering will be used to repay bridge loan

* Vertex agreed to provide standby purchase commitment to backstop issuance of us$6 million of corp’s common shares

* Any unpaid amounts under bridge loan, following rights offering, will convert into term loan with maturity of September 1, 2020

* Vertex has provided a new U.S. $6 million bridge loan to fund general corporate purposes until rights offering is completed

* Intermap announces debt restructuring and equity rights offering Source text for Eikon: Further company coverage:

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