InvestmentJun 18, 2026, 04:07 PM
Micromem Closes C$235K Private Placement
AI Summary
Micromem Technologies Inc. announced the closing of its non-brokered private placement, raising approximately C$235,000 in gross proceeds. The company issued 9,400,000 units at C$0.025 each, with each unit comprising one common share and one warrant exercisable at C$0.05 for two years. The net proceeds from this private placement will be allocated towards working capital.
Key Highlights
- Micromem Technologies Inc. closed a non-brokered private placement.
- Raised gross proceeds of approximately C$235,000.
- Issued 9,400,000 units at C$0.025 per unit.
- Each unit includes one common share and one warrant.
- Warrants are exercisable at C$0.05 per share for two years.
- A total of 9,400,000 common shares and 9,400,000 warrants were issued.
- Proceeds will be used for working capital.
- No insiders participated in the private placement.
Price Impact
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