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Micromem Technologies Look to Retain Foundry to Commercialize MRAM Device

Jun 15 2007

Micromem Technologies Inc. is pleased to announce that it has engaged a European based financial consultancy firm to raise on a best efforts basis up to $US 8.5 million. A portion of this financing will enable Micromem to retain a foundry to begin commercialization of its MRAM device. The terms of this financing have not yet been finalized.

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