Turnium Technology Group Announces Upsized Convertible Debenture Offering

(MENAFN- Newsfile Corp) Vancouver, Canada--(Newsfile Corp. - June 13, 2025) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) ("Turnium" or "the Company") , a global leader in Technology-as-a-Service (TaaS) and partner enablement services, including an AI-powered prospecting and lead generation platform, announces that, further to its news releases dated May 23, 2025 and May 28, 2025, the Company has increased its previously announced non-brokered private placement of unsecured convertible debentures (each a " Debenture " and, collectively, the " Debentures ") for aggregate gross proceeds of up to CAD$2,300,000 (previously up to CAD$2,000,000) (the " Debenture Offering "). Subject to the approval of the TSXV, the Company expects to close the second tranche of the Debenture Offering on or before June 26, 2025.

The Debentures will be convertible, at the sole discretion of the holder thereof, into units of the Company (each a " Debenture Unit " and, collectively, the " Debenture Units ") at a conversion price of CAD$0.08 per Debenture Unit for the first twelve (12) months from the closing date of the second tranche of the Debenture Offering (the " Closing Date ") and a conversion price of CAD$0.10 per Debenture Unit for the remaining term until the Maturity Date (as defined below). The Debentures will mature on the date (the " Maturity Date ") that is thirty-six (36) months following the Closing Date. The Debentures issued during the first tranche of the Debenture Offering will mature on May 27, 2028.

Each Debenture Unit will consist of one (1) common share of the Company (each a " Common Share " and, collectively, the " Common Shares ") and one (1) Common Share purchase warrant of the Company (each a " Debenture Warrant " and, collectively, the " Debenture Warrants "). Each Debenture Warrant will entitle the holder thereof to acquire one Common Share (each a " Debenture Warrant Share " and, collectively, the " Debenture Warrant Shares ") at a price of CAD$0.10 per Debenture Warrant Share for a period of thirty-six (36) months following the Closing Date (subject to adjustment in certain events that are customarily included in debentures that trigger such adjustment).

The Company may, at its option, force the conversion of the Debentures on thirty (30) days' notice if the volume weighted average trading price of the Common Shares on the TSXV is greater than CAD$0.30 for the preceding ten (10) consecutive trading days.

The Debentures will bear interest at a rate of fifteen percent (15.0%) per annum from the Closing Date, payable semi-annually in arrears in cash on June 30 and December 31 of each year. The first interest payment will be on December 31, 2025 for the period from the Closing Date to December 31, 2025. A minimum of four (4) months' interest will accrue, regardless of the date of repayment or conversion of the Debentures.

The Company may, at its option, accelerate the expiry date of the Debenture Warrants, when issued, on thirty (30) days' notice if the volume weighted average trading price of the Common Shares on the TSXV is greater than CAD$0.30 for the preceding ten (10) consecutive trading days.

The Debentures, and any securities into which they may be exchanged or converted, will be subject to resale restrictions imposed by applicable securities laws, including a statutory hold period expiring four (4) months and one (1) day from the Closing Date of the Debenture Offering. Subject to the foregoing, the Debentures will be transferable pursuant to their terms. The Debenture Offering is subject to the approval of the TSXV.

Subject to the approval of the TSXV and applicable laws, the Company may pay a finder's fee of seven percent (7%) of the gross proceeds from the sale of Debentures sold to third parties sourced by the finders in cash or Common Shares payable to eligible finders on all or a portion of the Debenture Offering. An eligible finder will also receive "non-transferable" warrants of the Company equal in number to seven percent (7%) of the Common Shares issuable upon conversion of the Debentures, to the purchaser introduced by the Finder under the Debenture Offering (each a " Finder's Warrant " and, collectively, the " Finder's Warrants "). The Finder's Warrants will be exercisable at the issue price of CAD$0.10 for a period of thirty-six (36) months from the Closing Date.

The net proceeds from the Debenture Offering will be allocated towards expenses related to general operations including research and development of new products, sales and marketing, public company related expenses including audit and legal work, and other general operations related activities.

The second tranche of the Debenture Offering is anticipated to be completed concurrently with the second tranche of the Company's non-brokered private placement of up to 28,561,428 units of the Company for gross proceeds of up to CAD$2,000,000.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Turnium Technology Group Inc.: "Let's get IT done."

Turnium Technology Group Inc. (TTGI) acquires companies that complement its Technology-as-a-Service (TaaS) strategy, integrates them to generate efficiencies, and delivers their solutions through a global channel partner program to customers worldwide. TTGI's mission is to provide IT 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 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 provides deployment resources, hardware, delivery, support, and marketing and sales enablement to help channel partners go to market quickly and deliver exceptional quality.

Turnium delivers secure, cost-effective, uninterrupted connectivity, and a scalable global Technology-as-a-Service (TaaS) platform to its channel partners and their end-customers-ensuring that "We get IT done, right."

For more information, contact ... , visit or follow us on Twitter @turnium .

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