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Financing and Debt Settlement

Toronto, Ontario–(Newsfile Corp. – December 1, 2020) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem” or the “Company“) announces the closing of private placements (the “Private Placements“) of 3,542,223 common shares at $0.035 CDN per share for aggregate gross proceeds of $123,977.81 CDN. In connection with the Private Placements, the Company is paying cash fees to arm’s length parties totaling $1,932 CDN. The Issuer intends to use the proceeds for general working capital.

In addition, the Company entered into formal ...

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Grant of Options

Toronto, Ontario and New York, New York, November 13, 2020 – Micromem Technologies Inc. (“Micromem” or (“the Company”) (CSE: MRM, OTCQB: MMTIF announces the issuance of 6,500,000 options to purchase common shares of the Company (the “Options”), in accordance with the 2020 Micromem Technologies Inc. Stock Option Plan. These Options have been issued to directors, officers, employees, and a consultant at a strike price of $0.07 CDN/$0.05 USD and will expire November 13, 2025.  In September 2020, a total of ...

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Current Update

Toronto, Ontario and New York, New York, November 5, 2020 – Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”)  confirms that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.

 

As disclosed in our most recent CSE Monthly Progress Report filed today, the Company continues to pursue Chevron regarding the finalization of commercialization plans for the ARTRA units.  No definitive date has yet been set ...

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Repsol / Chevron Q&A

Toronto, Ontario and New York, New York–(Newsfile Corp. – December 20, 2019) – Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) is pleased to announce an update on the Romgaz due diligence process. Romgaz provided Micromem with a series of questions and the Company has worked directly with a senior engineer from Chevron to prepare the responses. The results can be found at https://micromeminc.com/wp-content/uploads/2019/12/QA-Romgaz-due-diligence-process-for-Website-PR-2019-1219.pdf. The Q & A gives an overview and a timeline of ...

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Financing Update

Micromem Financing Update

Toronto, Ontario and New York, New York–(Newsfile Corp. – January 21, 2019) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) announces the closing of non-brokered private placement totaling $21,000 USD at $0.0.06 USD per common share. The proceeds are committed to general working capital and repaying debentures. The common shares issued pursuant to the Private Placement shall be subject to restrictions.

The Company completed debentures totaling $52,000 USD, $32,500 USD and $102,500 USD bearing an ...

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Financing Update

Toronto, Ontario and New York, New York–(Newsfile Corp. – October 31, 2018) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) announces the closing of non-brokered private placement totaling (the “Private Placements”) $30,000 CDN at $0.05 CAD per common share. The proceeds are committed to general working capital and repaying debentures. The common shares issued pursuant to the Private Placement shall be subject to a four month and one day hold period.

About Micromem and MASTInc

MASTInc is a wholly ...

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Financing Update

Toronto, Ontario and New York, New York–(Newsfile Corp. – October 22, 2018) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) announces the following:

  • the completion of unsecured convertible debentures totaling $30,000 CAD and $42,000 USD, bearing an interest rate of one percent (1%) per month, calculated daily, maturing in six months. At any time prior to repayment, the outstanding principal and interest of the convertible debenture may be converted, at the option of the lender, into common shares ...
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Financing Update

 

Toronto, Ontario and New York, New York–(Newsfile Corp. – October 5, 2018) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) announces the following:

  • the completion of unsecured convertible debentures totaling $75,000 CAD, bearing an interest rate of one percent (1%) per month, calculated daily, maturing in six months. At any time prior to repayment, the outstanding principal and interest of the convertible debenture may be converted, at the option of the lender, into common shares of the Company ...
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Micromem: Provides Current Update

Toronto, Ontario and New York, New York, August 28, 2018 – Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) through its wholly owned subsidiary Micromem Applied Sensor Technologies, Inc. (MAST), provides the following update:

Mr. Steve Van Fleet has resigned as an officer and director of Micromem as of August 17, 2018. The Board of Directors of the Company has accepted his resignation.

The Company has developed a transition plan that is now in effect. It is pleased to announce ...

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Update ARTRA-171

Toronto, Ontario and New York, New York–(Newsfile Corp. – April 30, 2018) – Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) through its wholly owned subsidiary Micromem Applied Sensor Technologies, Inc. (MAST), announced the release of the ARTRA-171 in situ oil and gas tracer in a press release dated January 23 and the launch at the SPE conference in a press release dated April 12. In addition to the release of the tracer we advised in our recent ...

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