The TSX Venture Exchange has accepted for filing an asset purchase agreement dated Feb. 27, 2026, between Turnium Technology Group Inc. and a non-arm's-length party to the company, whereby the company sold substantially all of the assets of its Tenacious Networks Inc. (TNET) division to the purchaser.
The consideration for the sale includes:
-
The return to the company, for cancellation, of 3.17 million common shares of the company previously issued to the purchaser;
- The waiver and release of a promissory note and accrued interest totalling approximately $197,000;
- A cash payment of $13,727.83 to cover a portion of lease termination fees.
No finders' fees are payable in connection with this disposition.
For more information, please refer to the company's news releases dated March 2, 2026, and March 18, 2026.
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