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TNG

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Share Name Share Symbol Market Type
TSXV:TNG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

TransGaming Files Final Prospectus

19/02/2014 5:36pm

Marketwired Canada


NOT FOR DISSEMINATION IN THE UNITED STATES

TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company") announced
today that it has filed a final short form prospectus (the "Prospectus") with
the security regulatory authorities in British Columbia, Alberta and Ontario in
connection with its previously announced public offering (the "Offering") of up
to 19,047,619 units of the Company (the "Units") at a price of $0.21 per Unit
for gross proceeds of up to $4,000,000. As previously announced, each Unit will
be comprised of one common share of the Company (a "Unit Share") and one half of
one common share purchase warrant (each whole warrant, a "Warrant"). Each whole
Warrant shall entitle the holder thereof to acquire one common share of the
Company (a "Warrant Share"), for a period of twenty-four (24) months at an
exercise price of $0.33. A copy of the Prospectus is available on SEDAR
(www.sedar.com).


In connection with the Offering, the Company has entered into an agency
agreement with Global Maxfin Capital Inc. and Jacob Securities Inc.
(collectively, the "Agents"), pursuant to which the Agents will market the
Offering on a "best efforts" basis.


As previously announced, the Company has also granted the Agents an option (the
"Over-Allotment Option") to cover over-allotments and for market stabilization
purposes, exercisable in whole or in part, until the date that is 30 days after
the date of closing of the Offering, to sell up to 2,857,143 additional Units at
a price of $0.21 per Unit for additional gross proceeds to the Company of up to
$600,000.


The Company has applied and has been conditionally approved to list the Unit
Shares and the Warrant Shares issuable on exercise of the Warrants on the TSX
Venture Exchange (the "TSXV"). Listing will be subject to satisfying customary
post-closing requirements of the TSXV.


The Offering is expected to close on or about February 21, 2014. The Company
intends to use the net proceeds of the Offering to pay certain indebtedness, for
general corporate purposes and to leverage its previous investment in research &
development and launch a source-based portability technology later this year.


About TransGaming Inc.

TransGaming Inc. (TSX VENTURE:TNG) is a global leader in developing and
delivering platform-defining social video game experiences to consumers around
the world. From engineering essential technologies for the world's leading
companies, to engaging audiences with truly immersive interactive experiences,
TransGaming fuels disruptive innovation across the entire spectrum of consumer
technology. TransGaming's core businesses span the digital distribution of games
for Smart TVs, next-generation set-top boxes, and the connected living room, as
well as technology licensing for cross-platform game enablement, software 3D
graphics rendering, and parallel computing. Visit us at http://transgaming.com


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
securities offered have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or applicable exemption from the registration
requirements of the U.S. Securities Act and applicable state securities laws.


Forward-Looking Statements

This news release contains forward-looking statements. Actual events or results
may differ materially from those described in the forward-looking statements due
to a number of risks and uncertainties, including changes in financial and
product market conditions. Forward-looking statements are based on management's
estimates, beliefs, and opinions. The Company assumes no obligation to update
forward-looking statements, other than as may be required by applicable law.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
TransGaming Inc.
Dennis Ensing
Chief Financial Officer
1.416.979.9900 x321
dennis@transgaming.com
http://transgaming.com

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