September 13, 2016 23:00 ET
TORONTO, ONTARIO--(Marketwired - Sept. 13, 2016) - Tangelo Games Corp. ("Tangelo" or the "Company") (TSX VENTURE:GEL) reports that the Company has granted a total of 300,000 options to its investor relations consultant under the stock option plan of the Company. The options are exercisable at a price of $0.075 per option and shall expire on September 13, 2021. The options shall vest quarterly over a period of two years, all subject to the four-month regulatory hold period. The grant of options remains subject to regulatory approval.
Tangelo Gaming Corp., is a developer of social and mobile gaming for PC, Mac, iOS and Android platforms. Formally Imperus Technology Corporation, Tangelo Games Corp. was formed through the acquisition of Diwip and Akamon Entertainment. Tangelo's rebranding of a single business entity reflects the inclusive philosophy of this global firm as it consolidates itself in the marketplace. Tangelo has successfully built a team of highly qualified gaming experts, who possess proven track records of excellence in their respective fields, and are committed to leveraging their combined skills and experience to deliver cutting edge, future ready, scalable gaming assets to the marketplace. This translates into a collection of fun, casual, casino themed games that are free to play and generate revenue primarily through the in-game/in-app sale of virtual coins.
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.
Spyros P. KarellasPinnacle Capital Markets Ltd.Mobile/Office: email@example.comSkype: spyros.karellas
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