News

January 14, 2022

Chesswood Group Limited Closes Strategic Acquisition of Rifco Inc. and Announces the Renewal and Repricing of its Corporate Revolving Facility

Toronto, ON & Red Deer, AB – January 14, 2022 – Chesswood Group Limited (TSX:CHW) (“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 […]
January 11, 2022

Rifco Announces Final Court Approval of Plan of Arrangement

RED DEER, ALBERTA – 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 […]
December 17, 2021

Rifco Announces Shareholder Approval of Plan of Arrangement

RED DEER, ALBERTA – 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 […]
December 2, 2021

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, AB – December 2, 2021 – Rifco Inc. (TSX-V: RFC) […]
November 24, 2021

Rifco Reports Second Quarter Results

Rifco Reports Second Quarter Results Red Deer, Alberta, 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 […]
November 24, 2021

Rifco Second Quarter Results Ending September 30, 2021

For the full Financial Report Rifco Second Quarter Results Ending September 30, 2021
October 26, 2021

Chesswood Group Limited to Acquire Rifco Inc.

Chesswood Group Limited to Acquire Rifco Inc. Transaction Highlights • Chesswood 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 […]
September 2, 2021

Rifco Annual Charity Golf Classic Raises nearly $65,000 for the Ronald McDonald House Central Alberta

Red Deer, Alberta, 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 […]
August 26, 2021

Rifco Reports First Quarter Results

Rifco Reports First Quarter Results Red Deer, Alberta, 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 […]
August 26, 2021

Rifco Reports First Quarter Results Ending June 30, 2021

Please click Rifco First Quarter Results ending June 30, 2021 for the Full Report
August 10, 2021

Rifco Inc. Receives Buyout Offer from Management

Rifco Inc. Receives Buyout Offer from Management Transaction Highlights · Anticipated 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 […]
June 17, 2021

Rifco Reports Fourth Quarter Results

Rifco Reports Fourth Quarter Results Red Deer, Alberta, June 17, 2021: Rifco Inc. (TSXV: RFC) (“Rifco” or the “Company”), is pleased to announce its consolidated results for the fourth quarter and the year ended March 31, 2021. Annual Highlights Rifco reported year-to-date Adjusted Net Income […]
June 17, 2021

Rifco Fourth Quarter Results ending March 31, 2021

For the full report please click Rifco Fourth Quarter Results ending March 31,2021
April 23, 2021

Rifco Grants Options

Rifco Grants Options Red Deer, Alberta, 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 […]
April 16, 2021

Rifco National Auto Finance Appoints New President and Announces a Strategic Initiative

Rifco National Auto Finance Appoints New President and Announces a Strategic Initiative  Red Deer, Alberta, 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 […]