TORONTO, ONTARIO–(Marketwired – Aug. 2, 2017) – Tangelo Games Corp. (“Tangelo” or the “Company”) (TSX VENTURE:GEL), reports, in accordance with the policies of the TSX Venture Exchange, that the director nominees listed in the management information circular dated June 19, 2017 for the 2017 Annual and Special Meeting of shareholders of Tangelo (the “Meeting”) were elected as directors of the Company. Shareholders at the Meeting also approved the appointment of the Company’s auditors and approved the Company’s rolling stock option plan. A total of 45,562,075 common shares, representing 24% of all the issued and outstanding common shares of Tangelo were represented in person or by proxy at the Meeting.
Detailed results of the vote for the election of directors held at the Meeting on July 26, 2017 in Toronto, Ontario, are set out below.
Election of Directors
The shareholders approved the election as directors of the persons listed below, based on the following vote:
| Nominee | % Votes For | % Votes Withheld |
| James Lantier | 84.92% | 15.08% |
| G. Scott Moore | 84.92% | 15.08% |
| Bernie Wilson | 84.92% | 15.08% |
| Asha Daniere | 84.92% | 15.08% |
Stock Option Plan
Shareholders voted 84.85% in favour of the approval of the Company’s rolling stock option plan and all unallocated options, rights and entitlements thereunder, with 15.15% of shareholders voting against approval of the option plan.
Tangelo’s board of directors would like to express its gratitude to the Company’s shareholders for their high levels of participation and support.
About Tangelo Games
Tangelo Games Corp., the parent company of Diwip and Akamon, formerly known as Imperus Technologies Corp., is a developer of social and mobile gaming for PC, Mac, iOS and Android platforms. Diwip and Akamon design, develop and distribute their top ranked social casino-themed games within online social networks (such as Facebook) and mobile platforms (such as Android and iPhone). All of the Diwip and Akamon games are free to play and generate revenue primarily through the in-game sale of virtual coins.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute “forward-looking information” which involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this press release, such forward-looking information may use such words as “may”, “will”, “expect”, “believe”, “plan” and other similar terminology. Forward-looking information includes, but is not limited to, statements regarding shareholder voting results. Forward-looking information is provided for the purpose of presenting information about management’s current expectations relating to the future events and the operating performance of the Company, and readers are cautioned that such information may not be appropriate for other purposes. The forward-looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, regulatory requirements, general economic, market or business conditions and future developments in the sectors of the economy in which the business of Tangelo operates. The foregoing list of factors is not exhaustive. Please see the Company’s short form prospectus dated March 27, 2015, the Company’s Annual Information Form dated November 11, 2015 and other documents available on www.sedar.com, for a more detailed description of the risk factors. The Company undertakes no obligation to update publicly or revise any forward-looking information, whether a result of new information, future results or otherwise, except as required by 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.
Spyros Karellas
Pinnacle Capital Markets Ltd. Investor Relations
416-433-5696
spyros@pinnaclecapitalmarkets.ca