Great Canadian Named Executives Adopt Automatic Securities Disposition and/or Purchase Plans

RICHMOND, BC, Nov. 6, 2015 /CNW/ - Great Canadian Gaming Corporation [TSX:GC] ("Great Canadian" or the "Company") announced today that the following Named Executives, have each adopted automatic securities disposition and/or purchase plans ("Automatic Plans") in accordance with guidance under Ontario Securities Commission Staff Notice 55701 (the "Guidance"), and the Company's Insider trading policies.

Canadian 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 nonpublic 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.

In 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.

For planning reasons associated with the possible changes to the tax treatment of stock options, the following Named Executive Officers intend to sell sufficient shares acquired from exercising the following stock options in order to fund the payment of the exercise price and all related taxes. The Named Executive Officers have indicated that they will hold the balance of the shares for an extended period of time and in the case of the President and CEO, the CFO and the COO, that commitment period would be a minimum of three years. For the remaining Named Executives, that period would be a minimum of the otherwise remaining duration of the options exercised which is primarily between 1 to 2 years.

The following table summarizes the intended transactions:

Named Executive


Intended Transactions

Rod Baker

President & CEO

Exercise 800,000 options1

Kiran Rao


Exercise 115,000 options1

Terrance Doyle


Exercise 90,000 options1

Peter Goudron

Executive Vice President,
Strategic Resources

Exercise 125,000 options1

Victor Poleschuk

Executive Vice President,
East Operations

Exercise 125,000 options1

Walter Soo

Executive Vice President,
Player & Gaming

Exercise 119,000 options1

James McGrogan

Vice President, Business

Exercise 30,000 options1



Stock options have expiry dates ranging from of January 11, 2016 to January 2, 2018 with exercise prices of $7.14 to $9.11.


Trades under these Automatic Plans are subject to the price of Great Canadian's common shares meeting or exceeding predetermined prices and other conditions or restrictions being satisfied. 

Other Named Executives of the Company may from time to time adopt Automatic Plans during trading windows.  The Company will issue a press release to announce the adoption of any other Automatic Plans by its Named Executives. 

Great Canadian Gaming Corporation operates gaming, entertainment and hospitality facilities in British Columbia, Ontario, Nova Scotia, New Brunswick, and Washington State. The Company's 17 gaming properties consist of three community gaming centres, four racetracks (two with casinos operated by the Company), and ten casinos, including two with Four Diamond resort hotels. A key element of Great Canadian's business model is its commitment to social responsibility. PROUD of our people, our business, our community is Great Canadian's brand that unifies the company's community, volunteering and social responsibility efforts. Under the PROUD program, Great Canadian annually invests over $2 million in our communities, and in 2014, over 1,200 charitable organizations were supported by Great Canadian. In each Canadian gaming jurisdiction, the majority of gross gaming revenue from gaming facilities goes back directly to provincial governments for the purpose of supporting programs like healthcare, education and social services. Further information is available on the Company's website,

"Original Signed by Rod N. Baker"

Rod N. Baker
President and Chief Executive Officer

95 Schooner Street 
Coquitlam, BC 
V3K 7A8
(604) 303-1000 

SOURCE Great Canadian Gaming Corporation

For further information: For investor enquiries: Email: or Ms. Tanya Ruskowski, Executive Assistant to the President & CEO and the CFO, (604) 303-1000; For media enquiries: Mr. Chuck Keeling, Vice-President, Stakeholder Relations and Responsible Gaming, (604) 247-4197


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