Turnium Technology Group Announces AGM Results

Executive Summary

• Turnium Technology Group Inc. held its AGM on March 13, 2026, electing five directors and reappointing the CEO and CFO.
• Shareholders approved a Shares‑for‑Debt offering to insiders: 5,353,750 common shares at CAD $0.10 per share for gross proceeds of CAD $535,375, intended to reduce outstanding debt of CAD $464,375.
• The transaction is exempt from minority approval under TSXV Policy 5.9 and MI 61‑101 because the fair market values involved are each below 25 % of market capitalization.

Key Details

• AGM Attendance: 62,198,373 shares voted (32.79 % of issued & outstanding).
• Board Elections: Ralph Garcea, Doug Childress, Jim Lovie, Craig Pentland and Paul Pagliaro elected; board size fixed at five directors.
• Auditor Appointment: Zeifmans LLP appointed as the Company’s auditor.
• Omnibus Equity Incentive Plan: Adopted by shareholders.
• Shares‑for‑Debt Offering:
• Total shares to be issued: 5,353,750 common shares (including 4,643,750 for insiders after netting existing debt).
• Price per share: CAD $0.10.
• Gross proceeds: CAD $535,375.
• Debt being settled: CAD $464,375.
• Hold period on issued shares: four months and one day from issuance date.
• Regulatory Exemption: Transaction exempt from minority approval and formal valuation under MI 61‑101 subsections 5.5(a) and 5.7(1)(a).
• Executive Reappointments: Doug Childress reappointed CEO; Konstantin Lichtenwald reappointed CFO.

Notable Quotes

(No direct quotes were provided in the release.)