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Turnium Technology Group, Inc. Announces Update Regarding Previously Announced Brokered LIFE Offering For Up to C$3.5 Million
Turnium Technology Group, Inc. Announces Update Regarding Previously Announced Brokered LIFE Offe...
About this update from Turnium Technology Group Inc Class A
[{"type":"text","content":"\n \n \n \n Turnium Technology Group, Inc. Announces Update Regarding Previously Announced 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 /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 24, 2023\n \n \n /CNW/ - Turnium Technology Group, Inc. (TSXV: TTGI), (the \"\n \n Company\n \n \", or \"\n \n Turnium\n \n \"), is pleased to announce that, further to its news release dated July 13, 2023, the Company has finalized the details of its commercially reasonable efforts private placement basis offering (the \"\n \n Offering\n \n \") of units of the Company (each, a \"\n \n Unit\n \n \") under the Listed Issuer Financing Exemption (as defined herein). Under the final terms of the Offering, the Units will be issued at a price of\n \n C$0.10\n \n per Unit (the \"\n \n Issue Price\n \n \") for gross proceeds of a minimum of\n \n C$3,000,000\n \n and a maximum of\n \n C$3,500,000\n \n .\n \n \n In connection with the Offering, as previously announced, the Company has engaged Canaccord Genuity Corp. (\"\n \n Canaccord\n \n \" or the \"\n \n Lead Agent\n \n \"), 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 the Units on a commercially reasonable efforts private placement basis.\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 of\n \n C$0.14\n \n per share, 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 de...