Micromem Technologies Inc announced a non-brokered private placement to issue 1,316,007 common shares at CAD 0.065 per share pursuant to a price protection received on February 26, 2024, for a gross proceeds of CAD 85,540.455 on March 8, 2024. All securities to be issued pursuant to the Private Placement will be subject to a four-month holding period. The transaction remains subject to final regulatory approvals.