Intermap Technologies enters into a bought deal agreement for Cdn $ 10,000,000



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION
    IN THE UNITED STATES/

    Ticker: TSX - IMP
            AIM - IMAP
    

    CALGARY, April 7 /CNW/ - Intermap Technologies Corporation (the
"Company") is pleased to announce that it has entered into an agreement to
sell, on a bought deal basis, 5,000,000 units (the "Units") at a price of
C$2.00 per Unit to Canaccord Capital Corporation ("Canaccord"), for gross
proceeds to the Company of C$10 million. Each Unit will consist of one common
share and one-half of one common share purchase warrant. Each whole warrant
will be exercisable at a price of C$3.00 for a period of one year from the
closing date.
    In addition, Canaccord has been granted an option (the "Over-allotment
Option") to sell that number of additional Units as is equal to 15% of the
size of the offering for market stabilization and over-allotment purposes. The
Over-allotment Option may be exercised at any time, in whole or in part, until
that date which is 30 days following the closing date. The offering is
scheduled to close on or about April 27, 2009 and is subject to certain
conditions including, but not limited to, the receipt of all necessary
approvals including stock exchange approvals.
    Proceeds of the offering will be used by the Company for sales and
marketing and general corporate purposes.
    The securities offered have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any State in which such offer, solicitation or sale would be unlawful.

    About Intermap Technologies

    Intermap (TSX: IMP.TO, AIM: IMAP.L) is a preeminent digital mapping
company creating uniform high-resolution 3D digital models of the earth's
surface. The Company has proactively remapped entire countries and is building
uniform national datasets, called NEXTMap(R), consisting of affordably priced
elevation data and geometric images of unprecedented accuracy. Demand for
NEXTMap data is growing as new commercial applications emerge within the GIS,
engineering, automotive, consumer electronics, insurance risk assessment, oil
and gas, renewable energy, hydrology, environmental planning, wireless
communications, transportation, aviation, and 3D visualization markets.
    Headquartered in Denver, Colorado, Intermap employs more than 850 people
worldwide, with additional offices in Calgary, Detroit, Jakarta, London,
Munich, Ottawa, Paris, Prague, and Washington D.C. For more information, visit
www.Intermap.com.

    NEXTMap(R) is a registered trademark of Intermap Technologies Corporation

    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.





For further information:

For further information: Intermap Technologies: Richard Mohr, Senior
Vice President & Chief Financial Officer, rmohr@intermap.com, (303) 708-0955;
Canada - Financial: Corbet Pala, Investor Relations, E-vestor Communications
Inc., cpala@evestor.com, (416) 657-2400; United States - Financial: Budd
Zuckerman, Investor Relations, Genesis Select Corporation,
bzuckerman@genesisselect.com, (303) 415-0200; United Kingdom - AIM, Nominated
Advisor: Canaccord Adams Limited, Andrew Chubb, Clayton Bush, +44 (0) 207 050
6500


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890