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Turnium Technology Group Provides Updates on Non-Brokered Offerings
Vancouver, Canada--(Newsfile Corp. - May 8, 2025) - Turnium Technology Group Inc. (TSXV: TTGI) (...
About this update from Turnium Technology Group Inc Class A
[{"type":"text","content":"Turnium Technology Group Provides Updates on Non-Brokered OfferingsVancouver, Canada--(Newsfile Corp. - May 8, 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, is pleased to announce a non-brokered private placement, of up to 28,561,428 units of the Company (a \"Unit\") at a price of CAD$0.07 per Unit for gross proceeds of up to approximately CAD$2,000,000 (the \"Unit Offering\").Unit OfferingPursuant to the terms of the Unit Offering, each Unit will consist of one common share in the capital of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\") of the Company. Each Warrant will entitle the holder thereof to acquire one Common Share (a \"Warrant Share\") at a price of CAD$0.10 per Warrant Share for a period of 36 months from the date of issuance.The Company may, at its option, accelerate the expiry date of the Warrants on 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.All of the securities issued under the Unit Offering will be subject to resale restrictions imposed by applicable securities laws, including a statutory hold period of four (4) months and one (1) day from the closing date of the Unit Offering. The Company intends to use the net proceeds from the Unit Offering for general operations including research and development of new products, sales and marketing, public company related expenses including audit and legal work, and other general operations related activities. The Unit Offering is subject to the approval of the TSXV.Listed Issuer Financing Exemption Offering The Company also announces that, further to its news release dated April 16, 2025 (the \"Prior News Release\"), it will no longer be proceeding with the previously announced non-brokered private placement pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (\"NI 45-106\"). Debenture Offering The Company also announces that, further to the Prior News Release, it has updated the terms of the concur...