|By Marketwired .||
|April 22, 2014 05:01 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 04/22/14 -- TransGaming Inc. (TSX VENTURE: TNG), the global leader in developing and delivering platform-defining social video game experiences to consumers around the world, today announced that it granted options to purchase 3,582,500 common shares under the Company's stock option plan, of which 1,040,000 were granted to directors and officers. In addition, 600,000 options were granted to persons performing investor relations activities. The granted options have an exercise price of $0.175, which was the closing price of the shares on April 21, 2014, vest 1/4 each year on June 1 from 2014-2017, and expire on April 22, 2019.
The stock option grants remain subject to acceptance for filing by the TSX Venture Exchange under Policy 4.4 ("Incentive Stock Options") of the TSX Venture Exchange Corporate Finance Manual.
About TransGaming Inc.
TransGaming Inc. (TSX VENTURE: TNG) is the global leader in developing and delivering platform-defining social video game experiences to consumers around the world. From engineering essential technologies for the world's leading companies, to engaging audiences with truly immersive interactive experiences, TransGaming fuels disruptive innovation across the entire spectrum of consumer technology. TransGaming's core businesses span the digital distribution of games for Smart TVs, next-generation set-top boxes, and the connected living room, as well as technology licensing for cross-platform game enablement, software 3D graphics rendering, and parallel computing. Visit us at http://transgaming.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Chief Financial Officer