Micromem Announces Proposed Private Placement
Micromem Technologies announced a proposed non-brokered private placement of up to CAD $160,000 in units priced at CAD $0.025, subject to a 50% discretionary increase. Each unit consists of one common share plus a three-year warrant exercisable at CAD $0.05; all securities carry a four-month hold period and the placement remains subject to final regulatory approvals.
Key figures
- Offering Price
- CAD $0.025
- Structure
- one common share plus one warrant per unit
- Hold period
- 4 months
- Warrant term
- 3 years
- Use of proceeds
- working capital and debt settlement
- Gross proceeds cad
- 160000
- Shares outstanding
- 657681991
- Warrant strike cad
- 0.05
- Discretionary increase
- 50%
AI analysis
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