Micromem Technologies (TSE:MRM) has released an update.
Micromem Technologies Inc. has successfully completed a non-brokered private placement, raising C$354,973 through the issuance of over 11 million units, aimed at enhancing its working capital. Additionally, the company settled a C$40,000 debt with legal counsel by issuing more units under similar terms. These financial maneuvers are geared towards propelling Micromem’s innovative solutions across diverse industries.
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