TransGaming Inc.

TransGaming Inc.

June 05, 2015 16:00 ET

TransGaming Announces Warrant Repricing and Share Issuance

TORONTO, ONTARIO--(Marketwired - June 5, 2015) - TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company") today announced that pursuant to amendments to certain covenants in the Company's July 2013 loan agreement with BEST Funds, the Company has agreed to reprice certain warrants issued to BEST Funds and to issue additional bonus shares to BEST Funds. The exercise price of 6,250,000 warrants, originally issued to BEST Funds on July 9, 2013 and expiring on July 5, 2018, was amended from CA$0.20 to CA$0.10. In addition, the Company issued 750,000 bonus shares to BEST Funds.

About TransGaming

TransGaming Inc. (TSX VENTURE:TNG) provides global brands and audiences with the freedom to play. The company licenses and develops its proprietary cross-platform portability technology to enable and publish PC, mobile & console titles with world leading games franchises and development partners for Mac OSX®, Steam OS™, Linux™, Android®, and Smart TV markets with ease and efficiency. GameTree™ TV, TransGaming's subscription- based on-demand cloud gaming service, is accessible to the largest connected TV distribution footprint in the world - now available to play on over 100 million Smart TV's. Headquartered in Toronto, with offices in Tel Aviv and Kiev, TransGaming is a public company listed on Canadian TSX Venture Exchange. Discover more:

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.

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