TORONTO, ONTARIO--(Marketwire - May 17, 2011) -TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company") announced today that it granted options to purchase 1,800,000 common shares under the Company's stock option plan, of which 530,000 were granted to directors and officers. The granted options have an exercise price of $0.82 (being the May 16, 2011 closing price of the shares on the TSX Venture Exchange), vest 1/4 each year on June 1 from 2011-2014, and expire on May 17, 2016. 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 deployment and distribution of electronic entertainment across multiple platforms. TransGaming works with the industry's leading developers and publishers to enable and distribute games for Smart TV, Mac computers, and Linux/CE platforms. TransGaming is headquartered in Toronto, Canada, with offices in Ottawa and Atlanta. To learn more about TransGaming 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.
Contact Information:
Dennis Ensing
Chief Financial Officer
1.416.979.9900 x321
dennis@transgaming.com
www.transgaming.com