Micromem Technologies Inc. Completes Private Placement

TORONTO, New York, March 23, 2012 /CNW/ - Micromem Technologies Inc. (the "Company") (CNSX: MRM, OTCBB: MMTIF) announces the completion of an arm's length private placement totalling 58,333 Units ("Unit") at a subscription price of CDN$0.24 per Unit for the gross proceeds of CDN $14,000. 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 $0.30 for a period of one ...continued MMTIF MRM:CNX  mmtif stock Conglomerates

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