TORONTO, Oct. 31, 2017 /CNW/ - Sym-Tech Inc. ("Sym-Tech")
announced today that it has made an additional strategic investment
in Rifco Inc. (TSX.V-RFC), acquiring an additional 433,400 shares
in the company. Sym-Tech and its joint actors now beneficially own
3,230,300 common shares representing approximately 14.96% of the
issued common shares of Rifco.
Sym-Tech, an Ontario
corporation, is a Canadian F&I provider to the retail
automotive industry, offering F&I products, industry-proven
training and in-dealership development, as well as a proprietary
software platform to automobile dealerships in Canada. Sym-Tech's head office is located at
35 West Pearce Street, Unit 14, Richmond
Hill, Ontario, L4B 3A9. Rifco's head office is located
at Millenium Centre, Suite 702, 4909 49th Street,
Red Deer, Alberta, T4N
1V1.
Sym-Tech will be filing a report (as required by National
Instrument 62-103 and National Instrument 62-104) in connection
with the acquisition of the Rifco common shares.
The common shares of Rifco Inc. are traded on the TSX Venture
Exchange under the symbol "RFC". There are a total of 21.59 million
shares outstanding.
SOURCE Sym-Tech Dealer Services