TORONTO, Aug. 17, 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 432,800 shares in the company. Sym-Tech and its joint actors now beneficially own 2,796,900 common shares representing approximately 12.95% of the issued commons 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 21.57 million shares outstanding.
SOURCE Sym-Tech Dealer Services
For further information: For further information or to obtain a copy of the report, please contact: Chris Cawston, President and General Manager, telephone (905) 889-5390.