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Turnium Technology Group Inc. Announces Second Tranche Closing of Concurrent Non-Brokered Unit and Convertible Debenture Private Placements
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSE...
About this update from Turnium Technology Group Inc Class A
[{"type":"text","content":"Turnium Technology Group Inc. Announces Second Tranche Closing of Concurrent Non-Brokered Unit and Convertible Debenture Private PlacementsNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATESCombined Debenture Offering of $2.20 millionCombined Unit Offering of $1.25 millionVancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) (\"Turnium\" or the \"Company\"), a global leader in Technology-as-a-Service (TaaS) and partner enablement services, including an AI-powered prospecting and lead generation platform, announces that, further to its news releases dated April 16, 2025, May 8, 2025, May 23, 2025, May 28, 2025, and June 13, 2025, it has completed on June 25, 2025 (the \"Closing Date\") the second tranche of its previously announced non-brokered private placement (the \"Unit Offering\") of 14,687,856 units (each a \"Unit\") at a price of CAD$0.07 per Unit for aggregate proceeds of $1,028,150. Each Unit is comprised of one (1) common share of the Company (a \"Common Share\") and one (1) Common Share purchase warrant (a \"Warrant\").Each Warrant is exercisable into one common share in the capital of the Company at an exercise price of CAD$0.10 per share (the \"Exercise Price\") until June 25, 2028 (the \"Warrant Expiry Date\"), which is thirty-six (36) months following the Closing Date.The Company may, at its option, accelerate the expiry date of the Warrants on thirty (30) days' notice if the volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the \"TSXV\") is greater than CAD$0.30 for the preceding ten (10) consecutive trading days.In connection with the Unit Offering, the Company paid a total cash commission of CAD$49,687 to an arm's length finder, ACNS Capital Markets Pty Ltd. The Company also issued an aggregate of 709,821 non-transferable finder's warrants (the \"Finder's Warrants\") to four (4) arm's length finders: 141,964 Finder's Warrants to ACNS Capital Markets Pty Ltd., 340,714 Finder's Warrants to Ka Ming Kwok, 113,571 Finder's Warrants to Cameron Ross Bolton, and 113,572 Finder's Warrants to Clarke Colin Barlow. Each Finder's Warrant is exercisable at any time prior to the Warrant Expiry Date a...