Mr. Rod Baker reports
GREAT CANADIAN GAMING INSIDER INTENDS TO TRADE IN THE COMPANY'S SECURITIES
The following member of Great Canadian Gaming Corp.'s management, who is considered an insider of the company, has given notice that she intends to trade the company's securities within the next 30 days as follows:
Insider name: Sarah J. Hart
Title: Executive director, human resources
Intended transactions: Exercise 65,000 options(3) and sell 65,000 common shares
Percentage of common shares intended to be sold(1)(2): 57 per cent
Percentage of the value of Great Canadian securities intended to be sold(1)(2): 64 per cent
Notes:
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This is calculated as the number of common shares intended for sale as a percentage of in-the-money Great Canadian securities held by the insider.
- This is 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 Dec. 5, 2014, of $21.76. 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 Toronto Stock Exchange.
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The expiry dates of the 65,000 options consist of 20,000 options on Jan. 11, 2016, 25,000 options on March 19, 2017, and 20,000 options on Jan. 21, 2018.
The company has in place policies that are designed to provide transparency to the public about an insider's intention to trade in the company's securities. A cornerstone of that policy is a requirement that insiders give the company prior notice of any intention to trade Great Canadian securities so that the market may be alerted to that intention if the company believes that an insider is intending to trade a material quantity of the company's securities and/or a material portion of the value of such securities that are under the insider's control.
Other insiders of the company may from time to time disclose their intentions to trade securities of the company.
We seek Safe Harbor.
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