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Great Canadian Gaming Announces Renewal of Normal Course Issuer Bid
Great Canadian Gaming Announces Renewal of Normal Course Issuer Bid Canada NewsWir...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\n\nGreat Canadian Gaming Announces Renewal of Normal Course Issuer Bid\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\nCOQUITLAM, BC, June 28, 2019\n\n\n\nCOQUITLAM, BC, June 28, 2019 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] (\"Great Canadian\" or \"the Company\") announced today its intention to renew a normal course issuer bid (\"Issuer Bid\") for up to 3,971,976 of its common shares, representing approximately 10% of the Company's common shares in the public float.  Purchases will be made subject to opportunities within the market.\nAs at June 26, 2019, there were 58,978,102 common shares of the Company outstanding.  Purchases will be by way of open market purchases through the facilities of the Toronto Stock Exchange (\"TSX\"), and other Canadian market places, and payment for the shares will be in accordance with the TSX's rules. No purchases will be made other than by means of open market transactions during the term of the Issuer Bid and conducted at the market price at the time of acquisition. All shares purchased by the Company will be subsequently cancelled. \nThe Company received approval from the TSX to commence this Issuer Bid on July 3, 2019 and end on July 2, 2020 or earlier if the number of shares sought has been obtained. The Company will not purchase shares during its self-imposed blackout periods and reserves the right to terminate the Issuer Bid earlier if it feels it is appropriate to do so.  Pursuant to TSX policies, daily purchases made by the Company will not exceed 64,439 common shares or 25% of the prior six-month average daily trading volume of 257,759 common shares on the TSX, subject to certain prescribed exceptions.\nIn the event that insiders intend to sell securities of the Company during the course of this Issuer Bid, the Company will not purchase such securities under the Issuer Bid when advised of such sales.\nFor our existing Issuer Bid which commenced on July 3, 2018 and expires July 2, 2019, the Company received approval from the TSX to purchase up to 4,108,074 of i...