Core Viewpoint - Micromem Technologies Inc. is proceeding with a non-brokered private placement to raise up to CAD $400,000 through the sale of common share units priced at CAD $0.055 per unit, with proceeds aimed at working capital and debt settlement [1]. Group 1: Private Placement Details - The private placement will consist of units, each comprising one common share and one warrant exercisable at CAD $0.06 per share for one year [1]. - The total amount raised can be increased by 50% at the company's discretion [1]. - All securities issued will be subject to a four-month hold period and are pending final regulatory approvals [1]. Group 2: Company Overview - Micromem Technologies Inc. focuses on creating innovative applications for various industries, including oil & gas, utilities, automotive, healthcare, government, IT, and manufacturing [3]. - The company leverages its expertise in sophisticated sensor applications to address unmet market needs [3]. - Micromem is publicly traded on OTCQB under the symbol MMTIF and on CSE under the symbol MRM, with 607,024,014 shares issued [6].
Micromem Announces Proposed Private Placement
Newsfileยท2025-09-30 20:15