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Great Canadian Gaming Announces Renewal of Normal Course Issuer Bid for Its Common Shares
Great Canadian Gaming Announces Renewal of Normal Course Issuer Bid for Its Common Shares ...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\n\nGreat Canadian Gaming Announces Renewal of Normal Course Issuer Bid for Its Common Shares\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, June 29, 2020\n\n\n\nTORONTO, June 29, 2020 /CNW/ - Great Canadian Gaming Corporation (TSX: GC) (\"GCGC\" or \"the Company\") announced today that the Toronto Stock Exchange (the \"TSX\") has accepted GCGC's notice of intention to renew its normal course issuer bid (\"NCIB\") for up to 3,674,077 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 24, 2020, there were 55,330,921 common shares of the Company outstanding.  Purchases will be by way of open market purchases through the facilities of the 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 NCIB and conducted at the market price at the time of acquisition.  All shares purchased by the Company will be subsequently cancelled.  \nThe NCIB will commence on July 3, 2020 and end on July 2, 2021 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 NCIB earlier if it feels it is appropriate to do so.  Pursuant to TSX policies, daily purchases made by the Company will not exceed 53,757 common shares or 25% of the prior six-month average daily trading volume of 215,030 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 NCIB, the Company will not purchase such securities under the NCIB when advised of such sales. \nFor our existing NCIB that commenced on July 3, 2019 and expires July 2, 2020, the Company purchased and cancelled 3,971,976 common shares at a volume weighted average price of $41.77 per ...