TransGaming Inc. (TSX VENTURE:TNG) announced yesterday that it granted options to purchase 1,800,000 common shares under the Company’s stock option plan, of which 530,000 were granted to directors and officers. The granted options have an exercise price of $0.82 (being the May 16, 2011 closing price of the shares on the TSX Venture Exchange), vest 1/4 each year on June 1 from 2011-2014, and expire on May 17, 2016. The stock option grants remain subject to acceptance for filing by the TSX Venture Exchange under Policy 4.4 (“Incentive Stock Options”) of the TSX Venture Exchange Corporate Finance Manual.
Glacier Media Inc. (TSX:GVC) is pleased to announce that, through one of its affiliates, it has entered into a definitive agreement with Rogers Publishing Limited to acquire a portfolio of media assets from Rogers’ business and professional publishing group. The assets comprise 15 trade publications and digital brands, together with their associated readership database, events and web presence. Properties acquired include established and leading publications such as Food in Canada, Le Bulletin des agriculteurs, Canadian Packaging, HPAC and Meetings & Incentive Travel (including Incentiveworks, Canada’s largest trade show for the meetings, incentive travel and promotions industry).
The assets will integrate into Glacier’s Business Information Group, a leading operator of Canadian trade publications and industry-focused web sites, and Glacier’s Farm Business Communications.
The acquisition allows Glacier to:
- Expand the company’s growing print and digital footprint in the Canadian agriculture and food media industry;
- Further leverage the operating platform of the Business Information Group (e.g. fulfillment systems, production services, web technologies);
- Utilize acquired technologies to accelerate the online capabilities and reach of the Business Information Group’s directory products, especially Scott’s Directories.
The transaction is expected to close on May 27, 2011.
Yesterday was the official launch of Opportunity CAN, a 40-day event celebrating Opportunity International’s 40-year history empowering people across the developing world to work their way out of poverty using financial tools. During the event, Canadians will use their unique skills and creativity to fulfill a personal challenge or host a meal that will help end poverty through microfinance.
“In the last year, we’ve had people parachute out of planes and hike mountains to help end global poverty,” says Opportunity International Canada President & CEO, Paula A. Curtis. “Engaged couples gave up their wedding gifts and businesses offered a ‘Toonie at the Till’ promotion. It will be exciting to see how Canadians now respond to Opportunity CAN.”
Opportunity’s goal is to raise $1 million in 40 days that will help empower entrepreneurs to work their way out of poverty. The campaign, however, “is about more than raising money,” Curtis observes. “It’s about celebrating entrepreneurship and creativity. Our microfinance clients have been demonstrating this for 40 years. Now we’re giving Canadians the opportunity to use their gifts as well.”