businessneutral
Tech Firm Seeks Investment for Growth and Acquisition
Vancouver, CanadaTuesday, December 23, 2025
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Offering Details:
- Unit Cost: $1,000
- Components per Unit:
- Secured Debenture:
- Interest Rate: 16% annually
- Security: Company's assets
- Share Purchase Warrants:
- Quantity: 4,000
- Exercise Price: $0.10 per share
- Validity: Up to 36 months
Fund Allocation:
- $2 Million: Potential acquisition of Insentra (subject to TSX Venture Exchange approval)
- Remaining Funds:
- Repayment of loans
- Legal and audit costs
- Accounts payable
- Sales, marketing, and research
Key Considerations:
- Insentra Acquisition: Not guaranteed; funds will be reallocated if the deal falls through.
- Debenture Repayment: Early repayment possible with conditions and penalties.
- Warrant Acceleration: Possible under certain conditions.
About Turnium Technology Group:
- Business Model: Global provider of Technology-as-a-Service.
- Strategy: Acquires, integrates, and delivers IT solutions worldwide.
- Goal: Offer a comprehensive portfolio of IT solutions to channel partners.
CEO Statement:
- Doug Childress confirms due diligence is underway for the Insentra acquisition.
- Timeline: Expects to extend the letter of intent and finalize the deal by late January 2026.
- Contingency Plan: If the acquisition does not materialize, funds will be used for other opportunities.
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