Micromem Closes Private Placement
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) has closed a non-brokered private placement, raising gross proceeds of approximately C$354,973 by issuing 11,832,420 units at C$0.03 per unit. Each unit consists of one common share and one warrant exercisable at C$0.05 for three years. The company paid a finder's fee of about $5,611 in cash. Additionally, Micromem settled indebtedness of C$40,000 with its legal counsel by issuing 1,333,333 units at C$0.03 per unit. In total, the company issued 13,165,753 common shares and 13,165,753 warrants. The proceeds will be used for working capital, and the closing is subject to certain conditions and approvals.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ha chiuso un collocamento privato non intermedia, raccogliendo proventi lordi di circa 354.973 C$ emettendo 11.832.420 unità a 0,03 C$ per unità. Ciascuna unità è composta da una azione ordinaria e un warrant esercitabile a 0,05 C$ per tre anni. La società ha pagato una commissione di intermediazione di circa 5.611 $ in contante. Inoltre, Micromem ha estinto un debito di 40.000 C$ con il suo legale emettendo 1.333.333 unità a 0,03 C$ per unità. In totale, la società ha emesso 13.165.753 azioni ordinarie e 13.165.753 warrant. I proventi saranno utilizzati per il capitale circolante, e la chiusura è soggetta a determinate condizioni e approvazioni.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ha cerrado una colocación privada no intermediada, recaudando ingresos brutos de aproximadamente C$354,973 mediante la emisión de 11,832,420 unidades a C$0.03 por unidad. Cada unidad consta de una acción ordinaria y un warrant que se puede ejercer a C$0.05 por tres años. La compañía pagó una comisión de encuentro de aproximadamente $5,611 en efectivo. Además, Micromem liquidó una deuda de C$40,000 con su abogado emitiendo 1,333,333 unidades a C$0.03 por unidad. En total, la compañía emitió 13,165,753 acciones ordinarias y 13,165,753 warrants. Los ingresos se utilizarán para capital de trabajo, y el cierre está sujeto a ciertas condiciones y aprobaciones.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF)는 중개인 없는 사모 배정을 완료했습니다, 약 C$354,973의 총 수익을 올리며 11,832,420 유닛을 유닛당 C$0.03에 발행했습니다. 각 유닛은 하나의 보통주와 C$0.05의 행사가격으로 3년 동안 행사 가능 여부부권을 포함합니다. 회사는 약 5,611달러를 현금으로 수수료로 지급했습니다. 또한, Micromem은 C$40,000의 채무를 법률 자문사와 합의하여 1,333,333 유닛을 유닛당 C$0.03에 발행했습니다. 총 13,165,753 보통주와 13,165,753 워런트가 발행되었습니다. 이 수익금은 운영 자본으로 사용될 것이며, 마감은 특정 조건과 승인의 대상입니다.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) a clôturé un placement privé sans intermédiaire, levant des produits bruts d'environ 354,973 C$ en émettant 11,832,420 unités à 0,03 C$ par unité. Chaque unité se compose d'une action ordinaire et d'un warrant exerçable à 0,05 C$ pendant trois ans. La société a versé des frais de courtage d'environ 5,611 $ en espèces. De plus, Micromem a régularisé une dette de 40.000 C$ avec son avocat en émettant 1,333,333 unités à 0,03 C$ par unité. Au total, la société a émis 13,165,753 actions ordinaires et 13,165,753 warrants. Les produits seront utilisés pour le fonds de roulement, et la clôture est soumise à certaines conditions et approbations.
Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) hat eine nicht vermittelte Privatplatzierung abgeschlossen und dabei Bruttoerlöse von etwa 354.973 C$ erzielt, indem 11.832.420 Einheiten zu je 0,03 C$ pro Einheit ausgegeben wurden. Jede Einheit besteht aus einer Stammaktie und einem Warrant, der für drei Jahre zu 0,05 C$ ausgeübt werden kann. Das Unternehmen zahlte eine Provision von etwa 5.611 $ in bar. Darüber hinaus hat Micromem eine Verbindlichkeit von 40.000 C$ gegenüber seinem Rechtsbeistand durch die Ausgabe von 1.333.333 Einheiten zu je 0,03 C$ pro Einheit beglichen. Insgesamt hat das Unternehmen 13.165.753 Stammaktien und 13.165.753 Warrants ausgegeben. Die Erlöse werden für Betriebskapital verwendet, und der Abschluss unterliegt bestimmten Bedingungen und Genehmigungen.
- Raised approximately C$354,973 in gross proceeds through private placement
- Settled C$40,000 of indebtedness with legal counsel through unit issuance
- Proceeds to be used for working capital
- Dilution of existing shareholders due to issuance of 13,165,753 new common shares
- Potential future dilution if 13,165,753 warrants are exercised
Toronto, Ontario and New York, New York--(Newsfile Corp. - September 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 September 16, 2024. Micromem raised gross proceeds of approximately C
Micromem intends to use the proceeds raised through the Private Placement for working capital. 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 (CSE).
In addition, the Company settled indebtedness (the "Debt Settlement") with its legal counsel totaling C
In connection with the Private Placement and the Debt Settlement, Micromem has issued a total of 13,165,753 common shares and 13,165,753 warrants.
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. and its subsidiaries, a publicly traded (OTCQB: MMTIF) (CSE: MRM), 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: 567,419,413
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/224740
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