Micromem Announces Private Placement of Up to C$160,000
Micromem Technologies (MMTIF) has announced a non-brokered private placement offering up to C$160,000 through the sale of common share units at C$0.025 per unit. Each unit includes one common share and a warrant exercisable for three years at C$0.05 per share. The company has also reserved the right to increase the total offering by 50% if needed. The funds raised will be used primarily for working capital needs and debt settlement, which are critical as Micromem continues its operations in a competitive market environment.
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