Mijem Newcomm Tech Plans Private Placement of Up to $300K
Mijem Newcomm Tech Inc. plans a private placement of up to $300,000 at $0.05 per unit, with warrants that need shareholder approval, per newsfilecorp.com.
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what happened
Mijem Newcomm Tech Inc. (MJEM.X) has proposed a non-brokered private placement that could bring in as much as $300,000, according to newsfilecorp.com. The company would sell up to 6 million units at $0.05 apiece. Each unit combines one common share with a warrant that runs for 36 months and carries a $0.05 strike price.
Issuing the warrants depends on shareholder approval. If that approval is not secured, the warrants will be cancelled. The proceeds are earmarked for working capital.
why it matters
Raising early funds to cover operating needs can signal tight liquidity. If the warrants are exercised, the company could issue up to 12 million shares in total, adding further dilution. Investors will watch how fully the offering is subscribed and how shareholders vote on the warrants.
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sources
- Mijem Newcomm Tech Inc. (MJEM.X) Plans Up To $300K Private Placement — newsfilecorp.com, 19 October 2026 at 21:15 UTC
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