Business
Turnium Technology Group Announces Extension of Loans
Vancouver, Canada--(Newsfile Corp. - December 9, 2025) - Turnium Technology Group Inc. (TSX.V: T...
About this update from Turnium Technology Group Inc Class A
[{"type":"text","content":"Turnium Technology Group Announces Extension of LoansVancouver, Canada--(Newsfile Corp. - December 9, 2025) - Turnium Technology Group Inc. (TSX.V: TTGI) (FSE: E48) (\"TTGI\" or \"the Company\"), a global Technology as a Service (TaaS) wholesale provider, is pleased to announce that pursuant to its previous release regarding the extending of promissory notes totaling $1,073,000 through the issuance of new unsecured Loan Agreements (the \"Loans\") has received conditional approval from the TSX Venture Exchange (\"TSXV\").As previously noted, the Loans shall bear interest at a rate of 1.33% per month from the date of issue, to be paid quarterly in arrears commencing after the December 31, 2025 quarter. As the Borrower, TTGI shall repay the loan in full to the Lenders on the Maturity Date (December 31, 2027), together with any accrued and unpaid interest. The Borrower may prepay the Loan in full at any time prior to the Maturity Date, together with any accrued and unpaid interest, plus an additional three (3) months of interest. As further consideration for providing the Loan, the Borrower agrees, subject to receiving Regulatory Approval, to pay to the Lenders a bonus which shall be payable by the issuance to the Lenders of a total of 9,500,000 nontransferable common share purchase warrants of the Borrower (the \"Bonus Warrants\") exercisable to purchase common shares of the Borrower equal to 100% of the principal amount of the Loans divided by $0.10 per share (the \"Warrant Shares\") at an exercise price of $0.10 per Warrant Share, rounded up to the nearest whole share, for a period of up to 24 months with an expiry date of December 9, 2027 (the \"Expiry Date\"), subject to certain accelerated exercise provisions. The issuance of the warrants is subject to final acceptance of the TSXV.The loans represent the extension of previously issued and entered into loan agreements with four creditors in the Principal amount of $950,000 and accumulated interest in the amount of $123,000. One of the Lenders is a Director of the Company, and the other Lenders are each arm's length parties to the Company. The Original loans were issued per the table below: OriginalPrincipalInitial DateAccrued ToMth %Total amount to be settledLoan Holder 1$300,000Feb 19/2025Jul 31/20251.50% $100,000Sept 30/2022Jul 31/20251.00% $200,000Mar 28/2024Jul 31...