Brief: Intermap announces debt restructuring and equity rights offering

Intermap Technologies

21/12/2016 20:57

Dec 21 (Reuters) - Intermap Technologies Corp  IMP.TO  
    * 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:  ID:nCNWPtzmja  
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