Rifco Inc.

Recent News

  • Rifco Grants Options

    Red Deer, Alberta--(Newsfile Corp. - April 23, 2021) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") announced today that as part of its regular review of compensation, the Board of Directors has approved a grant of 300,000 stock options to the non-management directors of the Company. The options were granted at an exercise price of $0.75 per common share and will expire on April 22, 2026. The options will vest over four years. Further, the board has revised its...

    2021-04-23 8:00 AM EDT
  • Rifco National Auto Finance Appoints New President and Announces a Strategic Initiative

    Red Deer, Alberta--(Newsfile Corp. - April 15, 2021) -  Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") is pleased to provide its investors with an update on the Company. Rifco National Auto Finance Inc. ("RNAF"), a wholly owned subsidiary of Rifco, has appointed Roger Saran as its President & Chief Operating Officer reporting to Jeffrey Newhouse, Chief Executive Officer of Rifco Inc. Prior to his promotion, Roger was Vice President and Chief Credit Officer of RNAF, a role in...

    2021-04-15 8:00 PM EDT
  • Corrected - Rifco Reports Third Quarter Results

    Rifco advises that its news release of February 24, 2021 incorrectly stated the Net income per common share basic and diluted as $0.057. The correct value is $0.008. The corrected press release follows in full below:Red Deer, Alberta--(Newsfile Corp. - February 25, 2021) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company"), is pleased to announce its consolidated third quarter results for the period ended December 31, 2020. Third Quarter Highlights ...

    2021-02-25 5:04 PM EST
  • Rifco Reports Third Quarter Results

    Red Deer, Alberta--(Newsfile Corp. - February 24, 2021) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") is pleased to announce its consolidated third quarter results for the period ended December 31, 2020.Third Quarter Highlights On November 27, 2020, Rifco declared a $0.35 per common share special dividend. The dividend was paid in cash on December 7, 2020 in the amount of $7.6M.Rifco reported year-to-date Adjusted Net Income before Taxes of $3.8M and $0.18 per share. This...

    2021-02-24 5:30 PM EST
  • Rifco Provides Update

    Red Deer, Alberta--(Newsfile Corp. - January 21, 2021) -  Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company") is pleased to provide its investors with an update on the Company. Rifco, now led by a new Chief Executive Officer, Jeffrey Newhouse, and a new Board of Directors, has completed its initial review of the current operations of Rifco National Auto Finance Corporation ("RNAF"), Rifco's single, wholly owned, subsidiary operating entity. The Board together with Newhouse have established the...

    2021-01-21 8:45 AM EST
  • Rifco Announces Results of the Annual General and Special Meeting of Shareholders - Nominees of the Concerned Shareholders Elected to the Rifco Board of Directors

    Red Deer, Alberta--(Newsfile Corp. - December 14, 2020) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company"), is pleased to announce the results of its annual general and special meeting of the shareholders held earlier today (the "Meeting") at which 73.07% of the issued and outstanding shares were represented. The board of directors was fixed at four and each of the nominees of the Rifco concerned shareholders were duly elected at the Meeting.As a result, Tim Peterson, Jeffrey Newhouse,...

    2020-12-14 8:00 AM EST
  • Rifco Inc. Announces Meeting Update and Settlement Agreement with Concerned Shareholder Group

    Red Deer, Alberta--(Newsfile Corp. - December 8, 2020) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company"), a leading Canadian alternative auto finance company is pleased to provide the following updates.Meeting Location UpdateRifco Inc. announces that its annual general and special meeting of shareholders (the "Meeting") scheduled for Friday, December 11, 2020 at 3:00 p.m. (MST) at the Holiday Inn Hotel & Suites Red Deer South has been changed from an in-person Meeting to a virtual Meeting to be held...

    2020-12-08 8:00 AM EST
  • Rifco Inc. Provides Update on Court Proceedings and Confirms That the Proposed Management Buyout Will Not Be Proceeding

    Red Deer, Alberta--(Newsfile Corp. - November 27, 2020) - Rifco Inc. (TSXV: RFC) ("Rifco" or the "Company"), a leading Canadian alternative auto finance company, is providing an update on court proceedings and the proposed management buyout.Further to the originating notice ("Originating Notice") brought by 933672 Alberta Ltd., Tim Peterson, Ruth Peterson, ‎Sorbrick Capital Corp., 812787 Alberta Ltd., Big Country Holdings Ltd., Norman Storch and Jeffrey ‎Newhouse (collectively the "Concerned Shareholder Group") the Company was successful in obtaining an adjournment...

    2020-11-27 8:09 PM EST