Red Deer, Alberta / TheNewswire / April 9, 2019: Rifco Inc. (TSXV: RFC) (“Rifco” or the “Company”) the largest publicly-traded alternative auto finance company in Canada, announced today that as part of its regular review of compensation, the Board of Directors has approved a grant of 280,000 stock options to senior officers and senior managers of the Company. The options were granted at an exercise price of $1.10 per common share and will expire on April 9, 2024. The options will vest over four years.

 

About Rifco

 

Rifco Inc. is focused on being the best alternative auto finance company through its wholly owned subsidiary Rifco National Auto Finance Corporation.  Our mission is to help deserving Canadians own automobiles.  Rifco is Canada’s largest publicly traded alternative auto finance company.

 

Rifco seeks to create sustainable long-term competitive advantages through personalized partnerships with dealers, innovative products, the use of industry-leading data and analytics, and leading collections practices.  Rifco’s corporate culture fosters employees that are highly engaged, innovative, and performance driven.

 

Rifco is committed to creating value for all stakeholders through profitable growth and predictable credit performance, while pursuing its long-term vision of $500M in annual loan Originations.

 

The common shares of Rifco Inc. are traded on the TSX Venture Exchange under the symbol “RFC”. There are 21.60 million shares (basic) outstanding and 23.62 million (fully diluted) shares.

 

CONTACT:

Rifco Inc.

Warren Van Orman

Vice President and Chief Financial Officer

Telephone: 1-403-314-1288 Ext 7007

Fax: 1-403-314-1132

Email: vanorman@rifco.net

Website: www.rifco.net

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.