Business
Great Canadian Gaming Named Executives Adopt Automatic Securities Purchase Plans
Great Canadian Gaming Named Executives Adopt Automatic Securities Purchase Plans C...
About this update from Goldcana Resources Inc.
[{"type":"text","content":"\n\n\n\nGreat Canadian Gaming Named Executives Adopt Automatic Securities Purchase Plans\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 5, 2017\n\n\n\nCOQUITLAM, BC, June 5, 2017 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] (\"Great Canadian\" or the \"Company\") announced today that the following Named Executive adopted an automatic securities disposition and/or purchase plans (\"Automatic Plans\") in accordance with guidance under Ontario Securities Commission Staff Notice 55‐701 (the \"Guidance\"), and the Company's Insider trading policies. \n\nCanadian securities legislation permits the Named Executives to adopt written Automatic Plans to sell, purchase or otherwise transfer shares in the future (including upon exercise of stock options) according to the Automatic Plan on an automatic basis regardless of any subsequent material non‐public information they receive.  Once an Automatic Plan is established, the Named Executive is not permitted to exercise any further discretion or influence over how dispositions or purchases will occur under the Automatic Plan. \n\nIn addition to meeting the requirements of the Guidance, the Company has in place additional measures that are designed to follow \"best practices\" related to such Automatic Plans. These measures include: (i) Automatic Plans may only be adopted by Named Executives during a trading window; (ii) a waiting period of 30 calendar days is required between the adoption of the Automatic Plan and the first disposition or purchase under the Automatic Plan; (iii) the Automatic Plan must contain meaningful restrictions on the ability of the Named Executive to modify or terminate the Automatic Plan; and (iv) all Named Executives must use an independent broker to administer their Automatic Plans, meaning that the brokerage accounts established for that Insider's Automatic Plans must be administered by a broker with no prior relationship with that Insider. \n\nTerrance Doyle, Chief Operating Officer, will be purchasing common shares of the Company under the A...