Findev Inc.
TSX VENTURE : FDI

Findev Inc.

December 13, 2016 18:04 ET

Findev Inc. (Formerly TransGaming Inc.) Announces the Granting of Incentive Stock Options

TORONTO, ONTARIO--(Marketwired - Dec. 13, 2016) - Findev Inc. (TSX VENTURE:FDI) (today announced that it has granted stock options to acquire up to 1,450,000 common shares of the Corporation to certain of its directors and officers. The options have an exercise price of $0.60 per common share and expire on the eighth anniversary of the date of grant. The options vest in 4 equal quarterly installments. The Corporation's 10% rolling stock option plan currently allows for up to 2,864,744 common shares to be reserved for issuance under the plan. There are currently 1,589,986 common shares reserved under options outstanding, leaving 1,274,758 common shares that may be reserved for future issuance under the stock option plan. The stock option grant is subject to regulatory approval.

On behalf of the Company,

Sruli Weinreb, CEO

NEITHER THE 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.

Forward-Looking Statements

Certain statements in this document may constitute "forward-looking" statements, which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use words like "may", "will", "expect", "continue", "believe", "plan", "intend", "would", "could", "should", "anticipate" and other similar terminology. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the "Risk Factors" section of the Corporation's the most recently filed Annual Report which is available on SEDAR at www.sedar.com.

Although the forward-looking statements contained in this document are based upon what we believe are reasonable assumptions, we cannot assure investors that our actual results will be consistent with these forward-looking statements. We assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.

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