Looks promising. They have until November 30th to waive Due diligence review. Who is the new potential S/H? 

Excerpt From MIC on Sedar:

"The Private Placement was negotiated on an arm’s length basis and is conditional upon the Subscriber being satisfied with its due diligence review of the Corporation by November 30, 2020. There is no certainty that the due diligence condition will be satisfied. In addition, the Private Placement is subject to the approval of Shareholders, the approval of the Toronto Stock Exchange (“TSX”) and other customary closing conditions. In the event that all conditions are satisfied or waived, the Subscription Agreement provides for closing of the Private Placement to occur on January 15, 2021. The completion of the Private Placement would provide the Corporation with access to capital that is needed to fund research and development and other corporate activities."