Micromem Closes Private Placement
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) has successfully closed its previously announced non-brokered private placement, raising gross proceeds of approximately C$267,894. The company issued 8,929,800 common shares at C$0.03 per share and an equal number of warrants exercisable at C$0.05 per share for a three-year period. A finder's fee of about $5,520 in cash and 184,000 broker warrants was paid in connection with the placement. The proceeds are intended for working capital purposes. All securities issued are subject to a four-month holding period, and the closing is contingent on certain conditions and regulatory approvals.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ha annunciato con successo la chiusura del suo collocamento privato non intermedia. Sono stati raccolti proventi lordi di circa C$267,894. L'azienda ha emesso 8,929,800 azioni ordinarie a C$0.03 per azione e un numero equivalente di warrant esercitabili a C$0.05 per azione per un periodo di tre anni. È stata pagata una commissione di mediazione di circa $5,520 in contanti e 184,000 warrant per broker in relazione al collocamento. I proventi sono destinati a fini di capitale circolante. Tutti i titoli emessi sono soggetti a un periodo di blocco di quattro mesi, e la chiusura è subordinata a determinate condizioni e approvazioni regolatorie.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ha cerrado exitosamente su colocación privada previamente anunciada sin intermediarios, recaudando ingresos brutos de aproximadamente C$267,894. La empresa emitió 8,929,800 acciones ordinarias a C$0.03 por acción y un número igual de warrants que se pueden ejercer a C$0.05 por acción durante un periodo de tres años. Se pagó una comisión de alrededor de $5,520 en efectivo y 184,000 warrants para corredores en relación con la colocación. Los ingresos se destinarán a capital de trabajo. Todos los valores emitidos están sujetos a un período de retención de cuatro meses, y el cierre está condicionado a ciertas condiciones y aprobaciones regulatorias.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF)는 사전에 발표한 비중개 사모 배정을 성공적으로 마무리하였으며, 약 C$267,894의 총 수익을 확보하였습니다. 회사는 C$0.03의 가격으로 8,929,800주의 보통주를 발행하였으며, C$0.05의 가격으로 3년 동안 행사 가능한 동일 수량의 워런트를 발행했습니다. 배정에 따라 약 $5,520의 현금과 184,000개의 중개인 워런트의 중개 수수료가 지급되었습니다. 수익금은 운전자본으로 사용될 예정입니다. 발행된 모든 증권은 4개월의 보유 기간이 적용되며, 종료는 특정 조건 및 규제 승인에 따라 달라집니다.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) a réussi à finaliser son placement privé non intermédiaire précédemment annoncé, levant des recettes brutes d'environ C$267,894. La société a émis 8,929,800 actions ordinaires à C$0.03 par action et un nombre égal de bons de souscription exerçables à C$0.05 par action pour une période de trois ans. Des frais de courtage d'environ $5,520 en espèces et 184,000 bons de courtage ont été payés dans le cadre de ce placement. Les recettes sont destinées à des fins de fonds de roulement. Tous les titres émis sont soumis à une période de blocage de quatre mois, et la conclusion est soumise à certaines conditions et approbations réglementaires.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) hat erfolgreich seine zuvor angekündigte nicht vermittelte Privatplatzierung abgeschlossen, bei der brutto Einnahmen von etwa C$267,894 erzielt wurden. Das Unternehmen gab 8,929,800 Stammaktien zu C$0.03 pro Aktie aus und gleichzeitig eine gleiche Anzahl von Optionen, die zu C$0.05 pro Aktie über einen Zeitraum von drei Jahren ausgeübt werden können. Eine Maklergebühr von etwa $5,520 in bar sowie 184,000 Maklerwarrants wurde im Zusammenhang mit der Platzierung gezahlt. Die Erlöse sind für Betriebsarbeiten bestimmt. Alle ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltedauer, und der Abschluss ist an bestimmte Bedingungen sowie regulatorische Genehmigungen gebunden.
- Raised C$267,894 in gross proceeds through private placement
- Issued 8,929,800 common shares and warrants
- Warrants exercisable at C$0.05 for three years, potentially providing future capital
- Dilution of existing shareholders due to issuance of new shares
- Additional dilution possible if warrants are exercised
- Relatively small amount raised may not significantly improve working capital position
Toronto, Ontario and New York, New York--(Newsfile Corp. - July 26, 2024) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") announces closing of its non-brokered private placement (the "Private Placement") previously announced in its news release issued on June 18, 2024. Micromem raised gross proceeds of approximately C
Micromem intends to use the proceeds raised through the Private Placement for working capital. All securities issued pursuant to the Private Placement are subject to a four-month holding period. Closing of the Private Placement is subject to certain conditions and receipt of all necessary approvals, including compliance with the requirements of the Canadian Securities Exchange.
The securities offered and sold have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
About Micromem.
Micromem Technologies Inc. (OTCQB: MMTIF) (CSE: MRM) and its subsidiaries, a publicly traded company analyzes specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated sensor applications, the Company successfully powers the development and implementation of innovative solutions for oil & gas, utilities, automotive, healthcare, government, information technology, manufacturing and other industries. Visit www.micromeminc.com.
Safe Harbor Statement
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace significant customers; seasonal nature of our business; and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words "believe," "expect," "anticipate," "estimate," "project," "plan," "should," "intend," "may," "will," "would," "potential," and similar expressions may be used to identify forward-looking statements.
The CSE or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.
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Listing: OTCQB - Symbol: MMTIF
CSE - Symbol: MRM
Shares issued: 541,419,460
SEC File No: 0-26005
Investor Contact: info@micromeminc.com; Tel. 416-364-2023. Subscribe to receive News Releases by Email on our website's home page. www.micromeminc.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217846
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