Micromem Technologies (TSE:MRM) has released an update.
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Micromem Technologies Inc. is set to enhance its financial flexibility by initiating a non-brokered private placement aimed at raising up to CDN$250,000, with an option to increase by 50%. The funds from the sale of common shares and warrants are designated for working capital purposes, subject to a four-month holding period and regulatory approvals.
For further insights into TSE:MRM stock, check out TipRanks’ Stock Analysis page.
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