Company: MMTIF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001062993-25-003888
Chunk: 94

Company: MICROMEM TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 94
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13. Share capital

(a)Authorized

The Company has two classes of shares as follows:

(i)Special redeemable voting preference shares -2,000,000authorized, nil issued and outstanding.

(ii)Common shares without par value - an unlimited number authorized. The holders of the common shares are entitled to receive dividends which may be declared from time to time, and are entitled to one vote per share at shareholder meetings of the Company. All common shares are ranked equally with regards to the Company's residual assets.

(b)Outstanding

Number Amount
Outstanding at October 31, 2021 435,737,734 86,815,836
Issuance of common shares and units for cash (ix) 5,012,450 207,588
Cash share issuance costs - ( 25,591
Shares issued on settlement of accounts payable (vii) 413,674 22,460
Convertible debentures converted into common shares (note 11) 26,443,820 764,432
Outstanding at October 31, 2022 467,607,678 87,784,725
Issuance of common shares and units for cash (viii) 9,864,500 535,525
Cash share issuance costs - ( 25,586
Exercise of stock options (note 13 (b)) 2,550,000 434,822
Convertible debentures converted into common shares (note 11) 30,346,660 1,742,226
Outstanding at October 31, 2023 510,368,838 90,471,712
Issuance of common shares and units for cash (i-vi) 24,478,227 439,155
Cash share issuance costs (i, v, vi) - ( 24,520
Broker warrants issued (i, iv) - ( 3,909
Shares issued on settlement of accounts payable (vii) 1,333,333 79,167
Convertible debentures converted into common shares (note 11) 36,805,300 716,674
Outstanding at October 31, 2024 572,985,698 91,678,279

(i)On December 22, 2023, the Company completed a brokered private placement and issued1,900,000common shares at price of $0.045per share for gross proceeds