Turnium Revises Debt Settlement Plan, Preserves Cash

Rmr Science Technologies, Inc. (TSE:TTGI) has released an update.

Turnium Technology Group Inc. has revised its shares for debt transaction, intending to issue fewer shares at a lower total debt value to settle amounts owed to directors and creditors, aiming to conserve cash for operations. The transaction is subject to regulatory approval and includes a standard hold period for the newly issued shares. Notably, this arrangement has been deemed fair and reasonable by the company’s independent directors, even as it involves related parties.

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