TORONTO, Dec. 20, 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 432,500 shares in
the company. Sym-Tech and its joint actors now beneficially own
3,662,800 common shares representing approximately 16.96% 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