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Turnium Technology Group Inc
Symbol TTGI
Shares Issued 198,566,907
Close 2026-03-30 C$ 0.07
Market Cap C$ 13,899,683
Recent Sedar+ Documents

Turnium Technology arranges $6-million financing

2026-03-31 22:42 ET - News Release

Mr. Ralph Garcea reports

TTGI ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Turnium Technology Group Inc. intends to proceed with a non-brokered private placement of up to 85,714,285 units at a subscription price of seven cents per unit, for aggregate gross proceeds of up to $6-million. Each unit will consist of one common share and one-half of one common share purchase warrant.

Each whole warrant will entitle the holder to purchase one common share in the capital of the company at an exercise price of 10 cents per common share for a period of three years from the date of issuance.

Completion of the offering is subject to the approval of the TSX Venture Exchange. The units will be issued pursuant to exemptions from the prospectus requirements in accordance with National Instrument 45-106, Prospectus Exemptions.

The securities issued pursuant to the offering will be subject to a hold period of four months plus one day from the date of issuance. Insiders may participate in the offering and details of any insider participation will be announced at a later date, as applicable.

The company intends to use the net proceeds from the offering to retire certain debt facilities (approximately $2.5-million) and for working capital purposes (approximately $3.5-million) related to several growth initiatives, including strategic partnerships, sales and marketing, and the rollout of NexNet SD-WAN and Insentra services to the company's 280-plus-partner channel.

In connection with the offering, the company may pay finders' fees of up to 7 per cent in cash and 7 per cent in finders' warrants to eligible finders, as permitted by the policies of the TSX Venture Exchange.

The offering may close in multiple tranches and is anticipated to be completed on or around April 30, 2026.

About Turnium Technology Group Inc.

Turnium Technology acquires companies that complement its technology-as-a-service (TaaS) strategy, integrates them to generate efficiencies and delivers their solutions through a global partner-led program to customers worldwide. Turnium Technology's mission is to provide IT (information technology) providers with a complete, white-labelled portfolio of business technology solutions, enabling them to quickly add new services in response to customer demand.

In essence, Turnium Technology is building a TaaS platform that incorporates all the services, platforms and capabilities that ISPs, MSPs, IT providers, VoIP/UCaaS, CCaaS or cloud providers might need. Additionally, Turnium Technology provides deployment resources, hardware, delivery, support, and marketing and sales enablement to help channel partners go to market quickly and deliver exceptional quality.

Turnium Technology delivers secure, cost-effective, uninterrupted and scalable global IT solutions to its partners and their end-customers -- because connectivity matters.

We seek Safe Harbor.

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