On May 17, 2023, Turnium Technology Group Inc. closed the transaction. The company CAD 276, 500 in the transaction. The notes will be matured on a debt maturity date of May 16, 2026 at a conversion price of CAD 0.16. The first tranche notes were offered for sale on a non-brokered private placement basis in Canada to accredited investors. The transaction is subject to the approval of the TSX Venture Exchange, the first tranche notes will be convertible, at the sole discretion of the holder, into units of the company at a conversion price of CAD 0.16 per unit. Each unit shall consist of one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant entitles the holder thereof to acquire one common share at CAD 0.16 per warrant share until May 16, 2026, subject to adjustment in certain customary events. As a part of transaction, the company has paid a cash finder’s fee to the finders in the aggregate amount of CAD 5,250.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 8 placees including existing insider involvement of three insiders for CAD 131,000 and pro group participation of one pro group for CAD 50,000.