Toronto, Ontario and New York, New York–(Newsfile Corp. – December 27, 2024) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“micromem” or “Company“) increases the size of its previously announced private placement without mediation (“Private accommodation“) of up to $375,000 to $405,000. Micromem intends to offer up to 8,100,000 units at a price of C$0.05 per unit, each unit consisting of one common share and one warrant exercisable at C$0.05 $ per share for a period of three years after the date of issue other terms of the Private Placement remain unchanged press release issued by Micromem on December 13 in 2024
The securities described herein have not been, and will not be, registered under the US Securities Act of 1933 or any state securities laws, and accordingly, may not be offered or sold within the United States or for the account of or in benefit of , US persons, except in accordance with registration requirements under the US Securities Act of 1993 and applicable state securities laws or in accordance therewith exceptions. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
About Micromem.
Micromem Technologies Inc. and its subsidiaries, public (OTCQB: MMTIF ) (CSE: MRM ), the company analyzes specific industry sectors to create game-changing intelligent applications that address unmet market needs. Leveraging its expertise and experience with sophisticated sensor applications, the company successfully drives the development and implementation of innovative solutions for oil and gas, utilities, automotive, healthcare, government, information technology, manufacturing and other industries. Visit www.micromeminc.com.
Safe harbor statement
This press release contains forward-looking statements. Such forward-looking statements are subject to numerous risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially from those anticipated in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in the forward-looking statements include: our inability to obtain additional financing on acceptable terms; the risk that our products and services will not be widely accepted in the market; the continued adoption of digital technology by consumers; inability to compete with others offering comparable products; the failure of our technology; infringement of our technology with the proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace significant customers; the seasonal nature of our business; and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made and are not guarantees of future results. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words “believe”, “expect”, “anticipate”, “estimate”, “project”, “plan”, “should”, “intend”, “may”, “will”, ” would ,” “potential” and similar expressions may be used to identify forward-looking statements.
The CSE or any other securities regulatory authority has not reviewed and accepts no responsibility for the adequacy or accuracy of this press release prepared by management.
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list: OTCQB – Symbol: MMTIF
CSE – Symbol: MRM
Issued shares: 572,985,698
SEC File No: 0-26005
NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISTRIBUTION THROUGH NEWS DISTRIBUTION SERVICES
To view the original version of this press release, visit https://www.newsfilecorp.com/release/235394
