TORONTO, ONTARIO--(Marketwire - May 29, 2012) - TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company") today announced the granting of options to employees to purchase 119,500 common shares under the Company's stock option plan. The options were granted only to employees who recently joined the company as part of its January 2012 iTV & Connected TV division acquisition and none of the options granted were to directors and officers. The granted options have an exercise price of $0.36 (being the May 25, 2012 closing price of the shares on the TSX Venture Exchange), vest 1/4 on June 1 each year from 2012-2015, and expire on May 28, 2017.
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 TVs, next-generation set-top boxes, Mac computers, and Linux/CE platforms. TransGaming is headquartered in Toronto, Canada.
TransGaming has recently updated its website to provide a range of information from company news to industry articles, commentary, and insight. Please visit www.transgaming.com to learn more. In addition, TransGaming provides regular business and industry updates through its social media channels. Like us on Facebook and follow us on Twitter at: @TransGaming and @VikasKGupta.
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.
Contact Information:
Dennis Ensing
Chief Financial Officer
1.416.979.9900 x321
dennis@transgaming.com
www.transgaming.com