Rifco grants options
19 June 2014 - 6:53AM
Access Wire
Red Deer, AB / ACCESSWIRE /
June 18, 2014 / Rifco Inc. (TSX.V-RFC). As part of its regular
review of compensation, the Board of Directors has approved the
grant of 487,000 stock options to senior officers and directors of
the Company. The options were granted at an exercise price of $5.85
per common share and will expire on June 18, 2019. The options will
vest over four years.
About Rifco Inc.
Rifco Inc. operates through
its wholly owned subsidiary Rifco National Auto Finance Corporation
to provide automobile loans through its dealership network across
Canada.
Rifco National Auto Finance
provides consumers with financing options on new and used vehicles.
Rifco specializes in building long-term partnerships with dealers
by investing time in personalized services through dedicated
account representatives. Rifco's quick credit decisions, common
sense lending, and expedited funding processes give its dealers
better financing options and more closed deals. Rifco's most
successful partnerships result in Fast Forward 500 Club status for
its loyal dealerships.
Rifco is committed to
continuing growth. Key strategies for achieving this growth include
the expansion of its automobile dealer base, excellence in credit
and collections processes, and exceptional service to its Dealer
partners and its customers.
The
common shares of Rifco Inc. are traded on the TSX Venture Exchange
under the symbol "RFC". There are 21.03 million shares outstanding
and 22.21 million (fully diluted) shares.
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|CONTACT: | |
|Rifco Inc. | |
|Lance A. Kadatz | |
|Vice President and Chief Financial Officer| |
|Telephone: 1-403-314-1288 EXT 7007 | |
|Fax: 1-403-314-1132 | |
|Email: kadatz@rifco.net | |
|Website:www.rifco.net | |
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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.
SOURCE: Rifco Inc.
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