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Turnium Technology Group, Inc. Announces Brokered LIFE Offering For Up to C$3.5 Million
Turnium Technology Group, Inc. Announces Brokered LIFE Offering For Up to C$3.5 Million ...
About this update from Turnium Technology Group Inc Class A
[{"type":"text","content":"\n \n \n \n Turnium Technology Group, Inc. Announces Brokered LIFE Offering For Up to C$3.5 Million\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /\n \n \n THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 13, 2023\n \n \n /CNW/ - Turnium Technology Group, Inc. (TSXV: TTGI), (the \"\n \n Company\n \n \", or \"\n \n Turnium\n \n \"), has entered into an agreement with Canaccord Genuity Corp. (\"\n \n Canaccord\n \n \" or the \"\n \n Lead Agent\n \n \"), dated\n \n July 12\n \n \n th\n \n , 2023, to act as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the \"\n \n Agents\n \n \") to assist the Company in selling on a commercially reasonable efforts private placement basis under the Listed Issuer Financing Exemption (as defined herein), units of the Company (each, a \"\n \n Unit\n \n \") at a price per Unit to be determined in the context of the market (the \"\n \n Issue Price\n \n \") for gross proceeds of up to\n \n C$3,500,000\n \n (the \"\n \n Offering\n \n \").\n \n \n Each Unit will consist of one common share of the Company (a \"\n \n Common Share\n \n \"), and one common share purchase warrant (a \"\n \n Warrant\n \n \").  Each Warrant will entitle the holder thereof to purchase one additional Common Share at a price to be determined in the context of the market, subject to adjustment in certain events, for a period of thirty-six months following the closing date of the Offering (the \"\n \n Closing Date\n \n \").\n \n \n The Company intends to use the net proceeds of the Offering for the repayment of debt in the amount of\n \n ~C$2,000,000\n \n , and to provide general working capital to support operations.\n \n \n Upon closing of the Offering, the Company shall pay to the Agents: (i) a cash commission equal to up to 7.0% of the aggregate gross proceeds of the Offering payable in cash or Units, or any combination of cash or ...