Turnium Technology Group to Launch Private Placement, Issue Shares for Debt Settlement

09:47 AM EDT, 09/25/2026 (MT Newswires) -- Turnium Technology Group (TTGI.V) aims to raise up to CA$3.5 million in a private placement, the company said Friday. Under the offering, Turnium will issue up to 116.7 million units at CA$0.03 apiece. Each unit will consist of one share and one warrant. Each warrant can be exercised at CA$0.05 per share for three years. Closing is expected on or around Oct. 30. Turnium said it plans to use the funds to retire certain debt facilities, and for working capital purposes. Turnium also outlined its plan to issue shares to settle outstanding trade payables and indebtedness of up to CA$2 million. The company said it will issue up to about 66.7 million units at CA$0.03 each.