Micromem Technologies Inc.: Micromem Announces Proposed Private Placement
Micromem Technologies Inc. (CSE: MRM, OTCQB: MMTIF) plans a private placement of up to CAD $160,000, with a possible 50% increase. Each unit, priced at CAD $0.025, includes one common share and a warrant exercisable at CAD $0.05. Proceeds will fund working capital and debt settlement. The offering is subject to regulatory approval and a four-month hold period.