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
For further information: or to obtain a copy of the report, please contact: Chris Cawston, President and General Manager, telephone (905) 889-5390.