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TransGaming Inc. Share Issuance

Category : Stocks

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.

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