Micromem is pleased to announce that it has raised approximately US $1,500,000 from a private placement of securities at a price agreed upon by Micromem in December 2004.
The proceeds of the financing will be used to fund the further development of Micromem's MRAM technology and Micromem's filing of further patent applications as well as to meet its ongoing operational and working capital requirements.
Posted: Feb 11,2005 by Ron Mertens