Can someone explain what this means exactly? TORONTO, ONTARIO--(Marketwired - Feb. 3, 2014) -
NOT FOR DISSEMINATION IN THE UNITED STATES
TransGaming Inc. (TSX VENTURE:TNG) ("TransGaming" or the "Company") is pleased to announce today that it has filed a preliminary short form prospectus with the securities regulatory authorities in Ontario, British Columbia and Alberta, in connection with a marketed public offering (the "Offering") of units (the "Units").
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 to be determined in the context of the market. The pricing and number of Units will be determined in the context of the market.