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TransGaming closes fully subscribed short form prospectus offering

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Confidential Clients

On February 21, 2014, TransGaming Inc. (the “Company”), a leading technology company focused on developing and delivering platform-defining social video game experiences to consumers, closed a fully subscribed short form prospectus offering of 21,904,762 units of the Company, including a full exercise of the over-allotment option, at a price of $0.21 per unit for aggregate gross proceeds of $4,600,000. Each unit is comprised of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant is exercisable into one common share of the Company at an exercise price of $0.33 for a period of twenty-four months from closing. The offering was conducted through a syndicate of agents led by Global Maxfin Capital Inc. and Jacob Securities Inc. (collectively, the “Agents”). The Agents were advised by a team of Fasken Martineau lawyers that included Alex Nikolic and Aidan Hyde (Capital Markets), Mark Penner (Intellectual Property), Mitchell Thaw and Kevin Yip (Tax) and with the assistance of David Steinhauer, John Dickieson and Matthew Di Giovanni (students-at-law).



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