Financings
Micromem Announces Private Placement Closing

MRM · Price
Executive Summary
- Micromem Technologies Inc. closed a tranche of its non‑brokered private placement, raising approximately C$327,778.
- The offering consisted of 6,555,555 units at C$0.05 per unit; each unit included one common share and one warrant exercisable at C$0.06 per share for one year.
- Net proceeds are earmarked for working capital, enhancing the company’s liquidity position.
Key Details
- Gross Proceeds: Approximately C$327,778.
- Units Sold: 6,555,555 units at C$0.05 per unit.
- Composition of Each Unit: 1 common share + 1 warrant (exercisable at C$0.06 per share for one year).
- Total Securities Issued: 6,555,555 common shares and 6,555,555 warrants.
- Hold Period: All securities subject to a four‑month hold period.
- Insider Participation: No insiders participated; all subscribers were at arm’s length.
- Potential Additional Funding: Company may close an additional tranche of up to C$167,000 at its sole discretion, as previously announced (Dec 31 2025).
- Use of Proceeds: Net proceeds will be used for working capital.
- Regulatory Conditions: Closing subject to compliance with post‑closing requirements of the Canadian Securities Exchange (CSE).
Notable Quotes
(No executive quotes were included in the release.)
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Jun 23, 2026 · 16:01