Mr. Rod Baker reports
GREAT CANADIAN GAMING CORPORATION COMPLETES PURCHASE OF SHARES FROM THE ESTATE OF ROSS MCLEOD
Great Canadian Gaming Corp. has closed its previously announced purchase of 3.4 million common shares of the company from a company controlled by the estate of Ross J. McLeod. The purchase price was $77.7-million, or $22.8545 per share. The purchased estate shares represent approximately 4.87 per cent of the number of outstanding common shares. Mr. McLeod was a director and officer of the company who passed away in 2011.
As set out in the company's May 25, 2015, press release, the company is cancelling the estate shares following the purchase. Shareholders should now review their holdings and determine whether, after cancellation of the estate shares, the number of shares they hold trigger a requirement to register with a gaming authority. The registration requirements are set out in the company's articles, a copy of which is available under the company's profile at SEDAR.
We seek Safe Harbor.
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