05:17:54 EDT Wed 24 Jul 2024
Enter Symbol
or Name

Turnium Technology Group Inc
Symbol TTGI
Shares Issued 112,823,143
Close 2024-07-09 C$ 0.08
Market Cap C$ 9,025,851
Recent Sedar Documents

Turnium further increases private placement to $780,000

2024-07-10 09:05 ET - News Release

Mr. Ralph Garcea reports


Further to its news releases dated May 30, 2024, and July 8, 2024, Turnium Technology Group Inc. has increased its previously announced non-brokered private placement of units at a price of seven cents per unit, such that an aggregate of up to 11,139,303 units (previously upsized from 8,214,285 units to 10,214,285 units) may be issued for aggregate proceeds of up to $780,000 (previously upsized from $575,000 to $715,000). The terms of the offering are otherwise unchanged.

The offering is anticipated to be completed concurrently with the closing of the company's proposed acquisition of 100 per cent of the issued and outstanding ordinary shares in the capital of Claratti Pty. Ltd., which will result in Claratti becoming a wholly owned subsidiary of Turnium, and which is anticipated to be completed during July, 2024.

Additional details regarding the acquisition and the offering are outlined in the initial news release, accessible under the company's SEDAR+ profile.

About Turnium Technology Group Inc.

Turnium makes Internet connections more secure and reliable for businesses. The company's cloud-native software-defined wide-area networking (SD-WAN) software platform is licensed by its global network of channel partners and used to deliver highly reliable and secure connections to the applications and data that its business and enterprise customers need using cost-effective standard Internet, wireless or low-Earth-orbit satellite services. Compared with other options, the proprietary software-based solution that Turnium offers is easier to manage, more flexible and faster to deploy, and more cost-effective than virtual private network (VPN) solutions or the services offered by traditional telecommunication carriers.

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