October 24, 2023, 2023 – Vancouver, Canada – Turnium Technology Group Inc. (TSX.V: TTGI) (“Turnium” or the “Company”). announces that the board of directors of the Company has authorized the grant of an aggregate of 3,100,000 incentive stock options (the “Options”) to directors, officers and employees of the Company, at an exercise price of $0.10 per common share.
The Options are exercisable for a five-year period from the date of grant. Certain grants will be subject to vesting terms in accordance with the terms of the option plan.
The Options are granted pursuant to the Company’s amended and restated stock option plan, which was most recently approved by shareholders at the Company’s annual general meeting of shareholders, and remain subject to the approval of the TSX Venture Exchange.
About Turnium Technology Group, Inc.
Turnium Technology Group Inc. delivers its SD-WAN solution as a white label, containerized, disaggregated software platform that channel partners host, manage, brand, and price and as a managed cloud-native service provided by Turnium. Both Turnium SD-WAN offerings are available through a channel partner program designed for Communications Service Providers, Internet and Managed Service Providers, System Integrators, and Value-Added Resellers.
SD-WAN is revolutionizing the networking and telecommunications industry by abstracting secure, high-speed networking and network control from underlying physical circuits. SD-WAN frees enterprises, small and medium businesses, cloud and managed services providers from the business and cost constraints imposed by traditional telecommunications companies.
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Investor Relations: Bill Mitoulas, email: firstname.lastname@example.org, telephone: +1 416-479-9547
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