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MTI Eyes $10M+ Raise During IPO

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by Peter Moreira

Metamaterial Technologies Inc. plans to raise more than $10 million in fresh capital when it lists its shares on the Canadian Security Exchange later this year.

The Dartmouth-based company, which makes synthetic materials that can alter the properties of light, announced Friday night that it plans to merge with Continental Precious Minerals of Toronto and together they will seek a CSE listing.

In an interview Monday, MTI Co-Founder and CEO George Palikaras said his company is seeking the listing to help finance expansion and position itself to grow more aggressively in the


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