Business
Great Canadian Gaming insiders intend to trade in the Company's securities
RICHMOND, BC , Nov. 5, 2014 /CNW/ - Great Canadian Gaming Corporation [TSX: GC] ("...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\nRICHMOND, BC, Nov. 5, 2014 /CNW/ - Great Canadian Gaming Corporation [TSX: GC] (\"Great Canadian\" or \"the Company\") announced today that the following members of management, who are considered insiders of the Company, have given notice that they intend to trade the following Company's securities within the next 30 days.  Mr. Soo's intended transactions include the sale of 225,100 common shares that represent those remaining unsold from his previously disclosed intended sales in the Company's press release dated August 19, 2014.  \n\n\n\n\nInsider Name\n\n\nTitle\n\n\nIntended Transactions\n\n\n% of Common Shares Intended to be Sold1,2\n\n\n% of the Value of Great Canadian Securities Intended to be Sold1,2\n\n\n\nWalter Soo\n\n\nVice President, Player Development, Casino Player Development\n\n\nsell 243,040 common shares3,4\n\n\n44%3\n\n\n51%3\n\n\n\nDarlene Doyle\n\n\nExecutive Director, Operations, Corporate Casino Operations Management\n\n\nexercise 25,000 options5and sell 25,000 common shares\n\n\n33%\n\n\n40%\n\n\n\n\n\n\n1 Calculated as the number of common shares intended for sale as a percentage of in-the-money Great Canadian Securities held by the insider.\n\n\n\n2 Calculated as the intrinsic value of Great Canadian Securities in the intended transactions as a percentage of the total intrinsic value of Great Canadian Securities held by the insider.  The intrinsic values in these estimates were based on the Company's common share closing price on November 4, 2014 of $20.35.  The intrinsic value of a stock option is the positive difference between the Company's common share closing price and the stock option's exercise price.  The intrinsic value of a common share is the Company's closing share price as traded on the TSX.   \n\n\n\n3  Mr. Soo and his spouse hold the 243,040 commons shares of Great Canadian in a joint account.  In addition, Mrs. Soo holds 91,139 common shares of the Company in a registered retirement account which Mr. Soo does not have control over but which are included in the calculation of the % of Common Shares Intended to be Sold and % of the Value of Great Canadian Securities Intended to be Sold.   \n\n\n\n4 Mr. Soo's intended transactions include the sale of 225,100 common shares that represent those remaining unsold from his pre...