TransGaming Inc.
TSX VENTURE : TNG

TransGaming Inc.

March 07, 2012 16:01 ET

TransGaming Inc. Stock Option Grants

TORONTO, ONTARIO--(Marketwire - March 7, 2012) - TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company") announced today that it granted options to purchase 875,000 common shares under the Company's stock option plan, of which 480,000 were granted to directors and officers. The granted options vest immediately and have an exercise price of $0.45, which was the closing price of the shares on March 6, 2012. The granted options expire on March 7, 2017 and replace an equal number of options granted to those employees, directors, and officers that expired on March 6, 2012. The expired options rolled back into the pool of the current fixed stock option plan and do not affect the total number of options issuable.

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 the multiplatform deployment of interactive entertainment. TransGaming works with the industry's leading developers and publishers to enable and distribute games for Smart TV set-top boxes, Mac computers, and Linux/CE platforms. TransGaming is headquartered in Toronto, Canada. To learn more about TransGaming, please visit www.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.

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