NILE - BitNile to distribute ~7M Giga-tronics shares to stockholders

• BitNile ( NYSE: NILE ) subsidiary Giga-tronics ( OTCQB:GIGA ) plans to distribute ~7M of its common stock beneficially owned by BitNile ( NILE ) in form of dividend to NILE stockholders.
• The distribution will occur as soon as practicable after Giga-tronics ( OTCQB:GIGA ) has obtained the requisite regulatory approvals therefor, and in compliance with US federal securities laws.
• Upon completion of the distribution, the BitNile shareholders as of the record date to be in conjunction with the distribution, will be able to sell the GIGA Shares from time to time in either public or privately negotiated transactions.

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