Great Canadian Gaming Corporation
TSX : GCD

Great Canadian Gaming Corporation

August 03, 2005 12:12 ET

Great Canadian Announces Completion of $75 Million Private Placement

RICHMOND, BRITISH COLUMBIA--(CCNMatthews - Aug. 3, 2005) - Great Canadian Gaming Corporation (TSX:GCD) (the "Corporation") is pleased to announce that it has completed its previously announced private placement of 3,703,704 special warrants of the Corporation (the "Special Warrants") at a price of CAD $20.25 per Special Warrant for gross proceeds of CAD $75 million. Each Special Warrant is exercisable, at no additional cost, into one common share of the Corporation. The Offering was co-led by Sprott Securities Inc. and TD Securities Inc.

About Great Canadian Gaming Corporation

Great Canadian Gaming Corporation, home to approximately 5,000 employees, is a multi-jurisdictional gaming and entertainment operator with operations in British Columbia, Nova Scotia and Washington State. The Corporation operates casinos, thoroughbred and standardbred racecourses, a community gaming centre and various associated food and beverage and entertainment facilities.

ON BEHALF OF GREAT CANADIAN GAMING CORPORATION

Thomas Bell, Vice President, Corporate Development and Investor Relations


Contact Information

  • Great Canadian Gaming Corporation
    Thomas Bell
    Corporate Contact
    (604) 303-1000
    (604) 279-8605 (FAX)
    or
    Great Canadian Gaming Corporation
    Howard Blank
    Media Contact
    (604) 512-6066
    (604) 279-8605 (FAX)
    www.gcgaming.com