TORONTO, ONTARIO--(Marketwire - June 20, 2012) - TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company") today announced the issuance of 190,000 shares to certain employees (including 100,000 shares to an insider of the Company) who recently joined the Company as part of its January 2012 iTV & Connected TV division acquisition. This issuance was previously referenced in the press release of January 6, 2012 announcing the closing of the acquisition. The shares will be held in Trust until at least February 1, 2013 in accordance with the employees' terms of employment. Existing Directors and Officers did not receive any of the shares issued. Conditional approval for the share issuance from the TSX Venture Exchange was received on June 6, 2012. The deemed issue price of the shares is $0.26, based on the closing market price of June 19, 2012.
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