Micromem Technologies Inc. Completes Private Placement

TORONTO, NEW YORK, Feb. 10, 2012 /CNW/ - Micromem Technologies Inc. (the "Company") (CNSX: MRM, OTCBB: MMTIF) announces the completion of a non-brokered, non-arm's length private placement of 142,858 Units ("Unit") at a subscription price of CDN $0.35 per Unit for the gross proceeds of CDN $50,000. Each Unit is comprised of one common share ("Common Share") and one common share purchase warrant ("Warrant"). Each Warrant may be exercised for one Common Share at an exercise price of CDN $0.44 for a per...continued MMTIF MRM:CNX  stock mram Conglomerates

URL: http://www.investorpoint.com/news/OTCBULLB/48330684/