TORONTO, May 29, 2018 (GLOBE NEWSWIRE) — TeraGo Inc. (“TeraGo” or the “Company”) (TSX:TGO) (www.terago.ca), has
announced today that it has entered into an agreement with a syndicate of underwriters (collectively, the “Underwriters”) led by TD Securities Inc., under which the Underwriters have agreed to buy on a bought deal basis an aggregate of 1,133,000 common shares (the “Shares”), at a price of $5.30 per Share for gross proceeds of $6 million (the “Offering”). TeraGo has granted the Underwriters an overallotment option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the total number of Shares sold under the Offering to cover over-allotments, if any (the “Over-Allotment Option”). If the Over- Allotment Option is exercised in full, the gross proceeds will be approximately $6.9 million.