Micromem Technologies Inc. (MMTIF): Micromem: Financing Toronto, Ontario...

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Micromem Technologies Inc. (MMTIF)

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Monday, 07/10/2017 5:54:31 PM

Monday, July 10, 2017 5:54:31 PM

Micromem: Financing

Toronto, Ontario and New York, New York--(Newsfile Corp. - July 10, 2017) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has raised $25,000 CDN by way of a private placement at $0.25 CDN from an arm's length investor. These funds have been used for general working capital purposes. Additionally, 160,000 common shares were issued through a private placement completed by the CFO, in exchange for services rendered and funds owing to the CFO, at a subscription price of $0.25 CDN. The shares issued are subject to resale restrictions under applicable securities laws.

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