Turnium Technology Group Inc. (TSX.V: TTGI; FSE:E48) (“Turnium”), a global leader in Technology-as-a-Service and partner enablement services, including an AI-powered prospecting and lead generation platform, has completed its previously announced non-brokered private placement of 17,817,856 units at a price of C$0.07 per Unit for aggregate proceeds of approximately C$1,250,000. Each Unit is comprised of one common share of the Company and one Common Share purchase warrant.
Turnium also completed the concurrent previously announced non-brokered private placement of unsecured convertible debentures (a “Debenture”) for aggregate gross proceeds of up approximately C$2,200,000.
The Debentures will be convertible, at the sole discretion of the holder thereof, into units of the Company (a “Debenture Unit”) at a conversion price of C$0.08 per Debenture Unit for the first twelve (12) months from the Closing Date and a conversion price of C$0.10 per Debenture Unit for the remaining term until June 25, 2028.
Fasken advised Turnium with a team led by Mike Stephens (Information Technology) and included Sabrina Chang (Capital Markets), Stephanie Lee (Corporate Commercial), and Kristy Shum (Student).
Jurisdiction
- British Columbia
