Announcement • Jul 11
Mijem Newcomm Tech Inc. Appoints Brian Gusko to the Board of Directors Mijem Newcomm Tech Inc. announced the appointment of Brian Gusko to the Board of Directors. Mr. Gusko is considered to be Independent in his role as a Director. Mr. Gusko holds an MBA from the University of Calgary and has attended the European Summer School of Advanced Management. With over 15 years of experience in capital markets, he has successfully helped raise more than $75 million for various enterprises. He has served on the boards of several private and public companies and has held the position of Chief Financial Officer (CFO) for multiple organizations. Early in his career, Mr. Gusko worked as a research associate with the U.S. Department of Commerce, at an embassy posting, helping US technology companies enter the Canadian market. His international technology experience continued, and he later held a corporate planning position with a Mitsubishi Group company in Tokyo and worked in product management at a Vodafone spinoff in the Netherlands. Mr. Gusko co-founded an international telecom infrastructure company that now holds telecom infrastructure assets across South America. Mr. Gusko also previously was responsible for P&L for the majority of TELUS' web hosting portfolio, and in 2014 Mr. Gusko sat on the Board of Directors of the world's first cryptocurrency focused company on a regulated stock exchange, and which owned under its umbrella cryptocurrency exchanges, crypto mining operations, crypto ATMs and more. Announcement • Jun 19
Mijem Newcomm Tech Inc. announced that it has received CAD 0.171427 million in funding Mijem Newcomm Tech Inc. announces a non-brokered private placement to issue 34,285,440 Common Shares at a price CAD 0.005 for gross proceeds CAD 171,427.2 on June 18, 2025. The securities issued upon closing of the Offering will be subject to a hold period of four months plus a day from the date of closing, pursuant to applicable securities laws. Announcement • May 14
Mijem Newcomm Tech Inc. announced that it expects to receive CAD 0.25 million in funding Mijem Newcomm Tech Inc. announced a non-brokered private placement that it will issue up to 50,000,000 common shares of the company at an issue price of CAD 0.005 per share for the gross proceeds of up to CAD 250,000 on May 13, 2025. The terms of the Private Placement have been negotiated on an arm’s length basis. No insider of the Company will be participating in the Proposed Financing. The terms of the Proposed Financing provide that no Investor shall, pursuant thereto, become the beneficial owner of more than 9.99% of the Common Shares of the Company. Accordingly, the Proposed Financing is not expected to materially affect control of the Company. The Canadian Securities Exchange has conditionally approved the completion of the Private Placement and has granted the Company an exemption from the requirement to obtain securityholder approval for such transaction. Board Change • Oct 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 10
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 14
Mijem Newcomm Tech Inc. Announces CFO Changes Mijem Newcomm Tech Inc. announced the appointment of Mr. Hatem Kawar as the Company's Chief Financial Officer effective immediately. Mr. Kawar serves as a Financial Controller of Grove Corporate Services Ltd. ("Grove") which provides governance, accounting and administrative services to small-cap public and private companies in Canada. Mr. Kawar has 25 years' experience as CFO and/or Controller to several public companies in Canada. Previously, he was a project manager for an industrial minerals' operation in Saudi Arabia. Mr. Kawar has a degree in Engineering from the University of Liverpool in the UK as well as MBA in Finance from the Schulich School of Business at York University. Mr. Jordan Domey has stepped down as CFO of the Company and Mijem wishes to thank him for his service and wishes him well in his future endeavours. Board Change • Jan 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jan 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$107k free cash flow). Shares are highly illiquid. Negative equity (-CA$245k). Earnings have declined by 11% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$277.9k market cap, or US$207.9k). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Board Change • Dec 08
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 63% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$873k free cash flow). Shares are highly illiquid. Negative equity (-CA$155k). Revenue has declined by 84% over the past year. Shareholders have been substantially diluted in the past year (63% increase in shares outstanding). Revenue is less than US$1m (CA$1.0k revenue, or US$754). Market cap is less than US$10m (CA$138.9k market cap, or US$101.8k). Board Change • Aug 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 01
New major risk - Revenue and earnings growth Revenue has declined by 84% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$873k free cash flow). Shares are highly illiquid. Negative equity (-CA$155k). Revenue has declined by 84% over the past year. Revenue is less than US$1m (CA$1.0k revenue, or US$778). Market cap is less than US$10m (CA$277.9k market cap, or US$209.8k). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Board Change • May 06
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 11
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex Pekurar was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 22
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Stephen Coates is the most experienced director on the board, commencing their role in 2017. Independent Director Erin Oor was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Feb 01
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Director Stephen Coates is the most experienced director on the board, commencing their role in 2017. Independent Director Erin Oor was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Dec 01
Full year 2022 earnings released: CA$0.13 loss per share (vs CA$0.046 loss in FY 2021) Full year 2022 results: CA$0.13 loss per share (further deteriorated from CA$0.046 loss in FY 2021). Net loss: CA$2.78m (loss widened 464% from FY 2021). Announcement • Nov 24
Mijem Newcomm Tech Inc., Annual General Meeting, Jan 26, 2023 Mijem Newcomm Tech Inc., Annual General Meeting, Jan 26, 2023. Announcement • Nov 01
Mijem Newcomm Tech Inc. Announces Maged Saad Resigned as Director Mijem Newcomm Tech Inc. announced that Maged Saad has resigned as director of the Company in order to focus on other business initiatives. Mr. Saad's resignation is effective October 31, 2022. Announcement • Oct 05
Mijem Newcomm Tech Inc. announced that it expects to receive CAD 0.75 million in funding Mijem Newcomm Tech Inc. announced a non-brokered private placement of 750 convertible debentures at a par price of CAD 1,000 per share for minimum gross proceeds of CAD 750,000 led by an existing investor for CAD 250,000 on October 4, 2022. The debentures will mature in 36 months from the date of the issuance, and will bear interest at a fixed rate of 10% per annum, which will accrue annually until conversion or maturity. Each debenture will be convertible into common shares at the option of the holder at any time after the one-year anniversary from the date of issuance and before the close of the third business day prior to the maturity date. Each debenture will convert at a price equal to a 20% discount to the volume weighted average trading price of the common shares for the 10 day period ending on the one-year anniversary from the date of issue. At the option of the company, with 20 days written notice, the debentures may be converted into common shares upon maturity at a conversion price that is the lesser of the initial conversion price or a 25% discount to the volume weighted average trading price of the common shares for the 10 day period ending on the maturity date. The debentures will be senior secured obligations of the company secured by a general security agreement over all of the company's present and after-acquired property. The transaction is subject to all necessary regulatory and stock exchange approvals. The debentures and any common shares issued on the conversion will be subject to a statutory hold period in Canada of four months and one day following the date of issuance. Announcement • Oct 01
Mijem Newcomm Tech Inc., Annual General Meeting, Dec 01, 2022 Mijem Newcomm Tech Inc., Annual General Meeting, Dec 01, 2022. Reported Earnings • Jun 23
Third quarter 2022 earnings released Third quarter 2022 results: CA$0.019 loss per share. Net loss: CA$523.8k (flat on 3Q 2021).