The Great Canadian Gaming Corp. has announced that one of its members of management, who is considered an insider of the company, has given notice that he intends to trade some of the company’s securities within the next 30 days.
The Company’s release states that Roland Monteiro the executive director of the River Rock Casino Resort, is intending to exercise 20,000 options and sell 20,000 common shares.
Great Canadian’s release states that the company has policies in place 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.
The release also states that other insiders of the company may from time to time disclose their intentions to trade securities of the company.
(With files from Great Canadian)