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.
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