Turnium Technology Group Inc., a Vancouver-based technology services provider listed on the TSX Venture Exchange under ticker TTGI and Frankfurt’s E48, announced plans for a non-brokered private placement targeting up to C$3.5 million.
Under the offering, the company expects to issue up to 116.7 million units at C$0.03 per unit. Each unit comprises one common share and one warrant, with the warrants exercisable at C$0.05 per share for three years from issuance.
In a related transaction, Turnium Technology will settle up to C$2 million in outstanding trade payables and creditor indebtedness by issuing up to 66.7 million units, also valued at a deemed price of C$0.03 per unit.
Securities issued in both transactions are subject to a statutory hold period of four months and one day. Shares allocated to creditors carry the same hold restriction.
Finder’s fees of up to 7% in cash and 7% in finder’s warrants may be paid to eligible finders. The offering may close in multiple tranches and is expected to complete on or around October 30, 2026, according to the filing under National Instrument 45-106.
Insiders may participate in the placement, with details to be announced separately, the company said.
Proceeds from the offering will be used to retire certain debt facilities and fund working capital needs supporting cost-cutting and growth initiatives, including strategic partnerships and sales and marketing activities.
Turnium Technology provides Technology-as-a-Service solutions and channel-only IT services to partners globally.
