UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule
13a-16 or 15d-16 of
the Securities Exchange Act of 1934
March, 2012
Commission File Number 0-26005
MICROMEM TECHNOLOGIES INC.
777 Bay Street, Suite 1910, Toronto, On M5G 2C8
[Indicate by checkmark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.]
Form 20-F [X] Form 40-F [ ]
[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]
Yes [ ] No [X]
[If "Yes" is marked, indicate below the file number assigned to the registrant in connection with rule 12g3-2(b):
N/A
This report on Form 6-K is hereby incorporated by reference in the registration statement on Form F-3 (Registration No. 333-134309) of Micromem Technologies Inc. and in the prospectus contained therein, and this report on Form 6-K shall be deemed a part of such registration statement from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished by Micromem Technologies Inc. under the Securities Act of 1933 or the Securities Exchange Act of 1934.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
March 14, 2012 | By | /s/ Joseph Fuda |
Name: Joseph Fuda | ||
Title: Chief Executive Officer |
Exhibit Index
Exhibit Number | Exhibit Description |
99.1 | Press Release; Micromem Completes Private Placement |
99.2 | Press Release; Micromem Meets Client Mileston with Prototype Delivery |
Exhibit 99.1
FOR IMMEDIATE RELEASE | March 13, 2012 |
Micromem Technologies Inc. Completes Private Placement
Toronto, New York, March 13, 2012: Micromem Technologies Inc. (the Company) (CNSX: MRM, OTCBB: MMTIF) announces the completion of an arms length private placement totalling 291,666 Units (Unit) at a subscription price of CDN$0.24 per Unit for the gross proceeds of CDN $70,000. 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 year.
The proceeds from the offering will be used for general working capital purposes and the shares will be subject to resale restrictions.
About Micromem and MASTInc
MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies Inc., a publicly traded (OTC BB: MMTIF, CNSX: MRM) company. MASTInc responsibly analyzes the specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated magnetic sensor applications, MASTInc successfully powers the development and implementation of innovative solutions for healthcare/biomedical, natural resource exploration, government, information technology, manufacturing, and other industries. Visit www.micromeminc.com www.mastinc.com.
Safe Harbor Statement
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Companys actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace significant customers; seasonal nature of our business; and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words believe, expect, anticipate, estimate, project, plan, should, intend, may, will, would, potential, and similar expressions may be used to identify forward-looking statements.
The CNSX or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.
###
Listing: NASD OTC-Bulletin Board - Symbol: MMTIF
CNSX - Symbol: MRM
Shares issued: 119,915,000
SEC File No: 0-26005
Investor Contact: Jason Baun; Chief Information Officer; Tel.
416-364-2023
Exhibit 99.2
FOR IMMEDIATE RELEASE | March 13, 2012 |
Micromem Technologies Inc. Meets Client Milestone with Prototype Delivery
Micromem delivers Proof of Concept to International Oil Company
Toronto, New York, March 13, 2012: Micromem Technologies Inc. (the Company) (CNSX: MRM, OTCBB: MMTIF) through its wholly owned subsidiary, Micromem Applied Sensor Technologies Inc., has successfully met a contractual milestone with its international oil company client with the demonstration of its fully functional, Proof of Concept nanoparticle detection system. This milestone triggers a payment pursuant to a previously announced development agreement.
The laboratory demonstration focused on the ability of Micromems patented technology to both effectively capture and hold 4-20 nm nanoparticles in a liquid stream and subsequently release the particles in real time to a measurement platform. The Company developed a patented flow through detection system capable of detecting particles at 1 part per billion and involves measurement of less than 40 nanograms of magnetic nanoparticles. The final production quality product is anticipated for delivery to the client late in Q2 or early in Q3. This will complete the initial contract.
In addition to the above noted application, this product development and the associated intellectual property has positioned Micromem to go forward and market its technology in the rapidly expanding fields of biomedical detection and environmental trace particle monitoring.
To view an image of the Company's technology detecting particles at 1ppbM, visit http://files.newswire.ca/651/MicromemMarch.pdf.
About Micromem and MASTInc
MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies Inc., a publicly traded (OTC BB: MMTIF, CNSX: MRM) company. MASTInc responsibly analyzes the specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated magnetic sensor applications, MASTInc successfully powers the development and implementation of innovative solutions for healthcare/biomedical, natural resource exploration, government, information technology, manufacturing, and other industries. Visit www.micromeminc.com www.mastinc.com.
Safe Harbor Statement
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Companys actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace significant customers; seasonal nature of our business; and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words believe, expect, anticipate, estimate, project, plan, should, intend, may, will, would, potential, and similar expressions may be used to identify forward-looking statements.
The CNSX or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management.
###
Listing: NASD OTC-Bulletin Board - Symbol: MMTIF
CNSX - Symbol: MRM
Shares issued: 119,915,000
SEC File No: 0-26005
Investor Contact: Jason Baun; Chief Information Officer; Tel.
416-364-2023