Micromem Technologies Inc. Warrants Exercised
October 31, 2014 4:12 PM EDT | Source: Micromem Technologies Inc.
Toronto, Ontario & New York, New York--(Newsfile Corp. - October 31, 2014) - Micromem Technologies Inc. (the “Company”) (CSE: MRM) (OTCQB: MMTIF) announces 5,563,551 Common Shares were issued by the Company through warrant exercise for total proceeds of $1,656,822 USD. These Warrants were originally issued in connection with financings completed in 2010, 2012 and 2013. The proceeds will be used for general working capital purposes.
About Micromem and MASTInc
MASTInc is a wholly owned U.S.-based subsidiary of Micromem
Technologies Inc., a publicly traded (OTC QB: MMTIF, CSE: MRM) company. MASTInc
analyzes the specific industry sectors to create intelligent game-changing
applications that address unmet market needs. By leveraging its expertise and
experience with sophisticated magnetic sensor applications, MASTInc successfully
powers the development and implementation of innovative solutions for
healthcare/biomedical, natural resource exploration, government, information
technology, manufacturing, and other industries. Visit
www.micromeminc.com www.mastinc.com.
Safe Harbor Statement
This press release contains forward-looking statements. Such
forward-looking statements are subject to a number of risks, assumptions and
uncertainties that could cause the Company’s actual results to differ materially
from those projected in such forward-looking statements. In particular, factors
that could cause actual results to differ materially from those in forward
looking statements include: our inability to obtain additional financing on
acceptable terms; risk that our products and services will not gain widespread
market acceptance; continued consumer adoption of digital technology; inability
to compete with others who provide comparable products; the failure of our
technology; the infringement of our technology with proprietary rights of third
parties; inability to respond to consumer and technological demands; inability
to replace significant customers; 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 made and are not guarantees
of future performance. 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 does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.
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Listing: NASD OTC-QB -
Symbol: MMTIF
CSE - Symbol: MRM
Shares issued: 188,436,724
SEC File No: 0-26005
Investor Contact: info@micromeminc.com; Tel.
416-364-2023
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