Micromem Technologies (TSE:MRM) has released an update.
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Micromem Technologies Inc. is conducting a non-brokered private placement to issue over 1.3 million common shares, aiming to raise approximately CDN$85,540 for working capital and debt repayment. The placement, priced at CDN$0.065 per share, is subject to a four-month hold period and awaits final regulatory approval. Micromem is known for creating advanced sensor applications for various industries, including oil & gas, automotive, and healthcare.
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