Science & Technology
Science and Technology
Science and Technology
Thu, January 12, 2012
Wed, January 11, 2012
January 11, 2012 16:30 ET
TransGaming Inc. (TSX-V: TNG) Stock Option Grants
TORONTO, ONTARIO--(Marketwire - Jan. 11, 2012) - TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company") announced today that it granted options to purchase 1,388,000 common shares under the Company's stock option plan, of which 389,000 were granted to directors and officers. The granted options have an exercise price of $0.475 (being the January 10, 2012 closing price of the shares on the TSX Venture Exchange), vest 1/4 each year on June 1 from 2012-2015, and expire on January 11, 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 TV set-top boxes, Mac computers, and Linux/CE platforms. TransGaming is headquartered in Toronto, Canada. To learn more about TransGaming visit [ www.transgaming.com ].
TransGaming's GameTree™ TV is the premier on-demand Smart TV gaming platform, offering an unparalleled user experience on the next generation of set-top boxes and connected consumer electronic (CE) devices. The GameTree TV Platform delivers an extensive catalog of video games that can quickly and easily be accessed on-demand. Through a flexible and seamless transaction system, subscribers can choose from a variety of pricing models billed directly through the cable provider. For more information about GameTree TV, visit [ www.gametreetv.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.
