Micromem Technologies (TSE:MRM) has released an update.
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Micromem Technologies Inc. has successfully completed a non-brokered private placement, raising C$267,894 by issuing over 8.9 million common shares and an equal number of warrants. The funds from this placement, which is subject to a four-month holding period and necessary approvals, are earmarked for working capital purposes. The company specializes in creating innovative solutions for diverse industries through sensor application technology.
For further insights into TSE:MRM stock, check out TipRanks’ Stock Analysis page.
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