Rifco Inc.

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Chesswood Group Limited Closes Strategic Acquisition of Rifco Inc. and Announces the Renewal and Repricing of Its Corporate Revolving Facility
Toronto, Ontario and Red Deer, Alberta--(Newsfile Corp. - January 14, 2022) - Chesswood Group Limited ("Chesswood"), North America's only publicly traded commercial equipment finance company focused on small and medium-sized businesses, and Rifco Inc. (TSXV: RFC) ("Rifco"), a leading Canadian alternative auto finance company, are pleased to announce the successful completion of Chesswood's strategic acquisition of Rifco pursuant to the previously announced statutory plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement").The Arrangement was approved by 98.90% of...
2022-01-14 6:51 PM EST
Rifco Corrects Typographic Mistake in January 11, 2022 Press Release
Red Deer, Alberta--(Newsfile Corp. - January 11, 2022) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") issued a press release on January 11, 2022 announcing that it has received a final order from the Court of Queen's Bench of Alberta approving the proposed plan of arrangement (the "Arrangement") pursuant to which Chesswood Group Limited ("Chesswood") will acquire all of the issued and outstanding common shares of Rifco (the "Rifco Shares") by way of a statutory plan of arrangement...
2022-01-11 1:28 PM EST
Rifco Announces Final Court Approval of Plan of Arrangement
Red Deer, Alberta--(Newsfile Corp. - January 11, 2022) - Further to its press release dated December 17, 2021, Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") announces that it has received a final order from the Court of Queen's Bench of Alberta approving the proposed plan of arrangement (the "Arrangement") pursuant to which Chesswood Group Limited ("Chesswood") will acquire all of the issued and outstanding common shares of Rifco (the "Rifco Shares") by way of a statutory plan of arrangement...
2022-01-11 10:45 AM EST
Rifco Announces Shareholder Approval of Plan of Arrangement
Red Deer, Alberta--(Newsfile Corp. - December 17, 2021) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") announces that at the special meeting of shareholders of Rifco (the ‎‎"Shareholders") held today (the "Meeting"), the Shareholders voted in favour of a special ‎resolution (the "Resolution") to approve a proposed plan of arrangement (the "Arrangement") pursuant to which Chesswood Group Limited ("Chesswood") will acquire all of the issued and outstanding common shares of Rifco (the "Rifco Shares") by way of a...
2021-12-17 3:55 PM EST
Rifco Inc. Files and Mails Special Meeting Proxy Material in Regards to the Proposed Arrangement with Chesswood Group
For any questions please contact Rifco's' proxy solicitation agent, Laurel Hill Advisory Group at 1-877-452-7184 (+1-416-304-0211 outside North America) or email assistance@laurelhill.com. Proxy Voting Deadline is December 15, 2021 at 5:00 p.m. (MST)Red Deer, Alberta--(Newsfile Corp. - December 2, 2021) - Rifco Inc. (TSXV: RFC) ("Rifco"), a leading Canadian alternative auto finance company, is pleased to announce that, further to its news release of October 27, 2021, last week it filed on SEDAR and mailed to shareholders the management...
2021-12-02 10:46 AM EST
Rifco Reports Second Quarter Results
Red Deer, Alberta--(Newsfile Corp. - November 24, 2021) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company"), is pleased to announce its consolidated second quarter results for the period ended September 30, 2021.Second Quarter Highlights On October 27, 2021, Rifco announced that it had entered into an arrangement agreement with Chesswood Group Limited (Chesswood) pursuant to which Chesswood will acquire all of the issued and outstanding common shares of Rifco by way of a statutory plan of arrangement under the...
2021-11-24 8:19 PM EST
Chesswood Group Limited to Acquire Rifco Inc.
Transaction HighlightsChesswood will enter the Canadian auto finance sector with the acquisition of Rifco$1.28 per Rifco share represents a premium of approximately 42% to Rifco's closing price on August 9, 2021 and a premium of approximately 13% to Rifco's closing price on October 26, 2021Special Committee and voting Directors unanimously recommend the Transaction to Rifco shareholdersRifco shareholders may elect to receive the consideration in either cash or Chesswood sharesLeaders of MBO group enter into voting support agreementsToronto, Ontario and Red...
2021-10-27 7:00 AM EDT
Rifco Annual Charity Golf Classic Raises Nearly $65,000 for the Ronald McDonald House Central Alberta
Red Deer, Alberta--(Newsfile Corp. - September 2, 2021) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") announced today that the Company and its staff raised nearly $65,000 for Ronald McDonald House Charities® Alberta ("RMHC") through its 9th Annual Charity Golf Classic. Rifco would like to extend our gratitude for the strong sponsorship support received for the event held at the Innisfail Golf and Country Club on August 25, 2021. Rifco welcomed participants from across the country. The winning team...
2021-09-02 4:59 PM EDT
Rifco Reports First Quarter Results
Red Deer, Alberta--(Newsfile Corp. - August 25, 2021) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") is pleased to announce its consolidated first quarter results for the period ended June 30, 2021.First Quarter Highlights Rifco reported quarterly Adjusted Net Income before Taxes of $1.8M and $0.08 per share. This is 120% higher than the same quarter in the prior year. Adjusted Net Income before Taxes removes the effects of the non-cash change in provision for impairment and...
2021-08-25 7:58 PM EDT
Rifco Inc. Receives Buyout Offer from Management
Transaction HighlightsAnticipated consideration of $1.15 per Rifco Share represents a significant premium of approximately 28% to the closing price of Rifco Shares on August 9, 2021 100% cash consideration would provide immediate liquidity and certainty of value for Rifco shareholdersAnticipated support from 64% of holders of Rifco Shares in favour of the TransactionJeffrey Newhouse steps down as CEO of RifcoRed Deer, Alberta--(Newsfile Corp. - August 10, 2021) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company"), announced today that is...
2021-08-10 6:00 AM EDT

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