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Great Canadian Gaming Announces Extension of Over-Allotment Option
Great Canadian Gaming Announces Extension of Over-Allotment Option Canada NewsWire...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\n\nGreat Canadian Gaming Announces Extension of Over-Allotment Option\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, March 24, 2020\n\n\n\nTORONTO, March 24, 2020 /CNW/ - Great Canadian Gaming Corporation (TSX: GC) (\"Great Canadian\" or the \"Company\") announced today that the Company and the Underwriters (defined below) have mutually agreed to extend the over-allotment option for its previously announced bought deal offering of $180 million aggregate principal amount of senior unsecured debentures (the \"Debentures\") at a price of $1,000 per Debenture (the \"Offering\") until the sixtieth day from the closing of the Offering. The Offering closed on March 2, 2020. The over-allotment will now be exercisable in whole or in part, for a period of 60 days following the closing of the Offering, instead of the earlier period of 30 days.  \nA syndicate co-led by CIBC Capital Markets, Scotiabank, BMO Capital Markets, and RBC Capital Markets, and including National Bank Financial Inc., TD Securities Inc., Raymond James Ltd., Canaccord Genuity Corp., Industrial Alliance Securities Inc., Cormark Securities Inc. and HSBC Securities (Canada) Inc. (collectively, the \"Underwriters\") acted as underwriters for the Offering.\nThe Debentures have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.\nABOUT GREAT CANADIAN GAMING CORPORATION \nFounded in 1982, Great Canadian Gaming Corporation is an Ontario based company that operates 25 gaming, entertainment and hospitality facilities in Ontario, British Columbia, New Brunswick, and Nova Scotia. Fundamental to the Company's culture is its commitment to social responsibility. \"PROUD of our people, our bu...