Announcement • Apr 01
Turnium Technology Group Inc. announced that it expects to receive CAD 6 million in funding Turnium Technology Group Inc. announced a non-brokered private placement to issue 85,714,285 units at an issue price of CAD 0.07 for gross proceeds of CAD 5,999,999.95 on March 31, 2026. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share in the capital of the company at an exercise of CAD 0.10 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 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. In connection with the offering, the company may pay finder’s fees of up to 7% in cash and 7% in finders’ warrants to eligible finders, as permitted by the policies of the TSXV. The offering may close in multiple tranches, and is anticipated to be completed on or around April 30, 2026. New Risk • Mar 17
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.0m (US$9.50m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.2m free cash flow). Negative equity (-CA$13m). Earnings have declined by 0.3% per year over the past 5 years. Market cap is less than US$10m (CA$13.0m market cap, or US$9.50m). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (CA$6.7m revenue, or US$4.9m). New Risk • Mar 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.2m free cash flow). Negative equity (-CA$13m). Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (CA$6.7m revenue, or US$4.9m). Market cap is less than US$100m (CA$15.0m market cap, or US$11.0m). 
