Company: MMTIF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001062993-25-003888
Chunk: 95

Company: MICROMEM TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 95
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 of $84,937. The Company incurred share issuance costs totaling $3,544and finder's fees of $2,796paid in cash and issued63,000broker warrants in connection with its private placement, with a fair value of $3,208. See note 14. The broker warrants can be exercised at any time, on a one for one basis, at a price of $0.07($0.095CAD) per share, until December 22, 2025.

(ii)On January 24, 2024, the Company completed a non-brokered private placement and issued500,000common shares at price of $0.055per share for gross proceeds of $27,735. There were no finder's fees or other share issuance costs paid in connection with the financing.

(iii)On March 18, 2024, the Company completed a non-brokered private placement and issued1,316,007common shares at price of $0.0481per share for gross proceeds of $63,185. There were no finder's fees or other share issuance costs paid in connection with the financing.

(iv)On July 18, 2024, the Company closed a brokered private placement of3,979,800units at $0.02per unit for gross proceeds of $87,181. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the Company at a price of $0.04(CAD $0.05) for a period of 3 years following the issue date of the units. The Company has estimated the fair value of these warrants at $36,345using the Black-Scholes option pricing model. See note 12. All securities issued are subject to a 4 month hold period expiring November 19, 2024. The Company issued184,000broker warrants in connection with its private placement with a fair value of $1,680. The Company allocated $979to the common shares and $701to the warrants issued. See note 14.

(v)On July 24, 2024, the Company closed a non-brokered private placement of4,950,000units at $0.02(CAD $0.03) per unit for gross proceeds of $108,435. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to purchase one common