Someone is getting some cheap paper.
The stock hovers around 11 cents and a PP gets done @ 8 cents with a FULL warrant @ .12 cents.
Sign of the times.
This is not necessarily the best optics to attract new buyers.
Still, I like the prospects of this company going forward.
Symbol C : TNG
Shares Issued 72,851,023
Close 2013-01-16 C$ 0.10
Recent Sedar Documents
View Original Document
TransGaming completes $301,560 private placement
2013-01-17 15:50 ET - News Release
Mr. Dennis Ensing reports
TRANSGAMING ANNOUNCES CLOSING OF PRIVATE PLACEMENT OF $300,000
TransGaming Inc. has completed a non-brokered private placement of $301,560. A total of 3,769,500 units were issued to subscribers in Canada. Each unit was priced at eight cents and comprises one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of 12 cents at any time on or before the 24-month anniversary of the closing date.
The net proceeds from the private placement will be used by the company for working capital and general corporate purposes.
The offering is subject to the approval of the TSX Venture Exchange. Securities issued will be subject to a hold period of four months and one day pursuant to applicable securities laws.
We seek Safe Harbor.