VEGREVILLE, ALBERTA -- (Marketwired) -- 11/16/15 -- TerraVest Capital Inc. ("TerraVest" or the "Corporation") (TSX: TVK) announced today that, in connection with its previously announced normal course issuer bid (the "Bid") for up to $2,100,000 aggregate principal amount of its issued and outstanding 7.00% convertible unsecured subordinated debentures due June 30, 2020 (the "Debentures"), TerraVest has entered into an automatic securities purchase plan with its designated broker to allow for purchases of its Debentures (the "Plan"). The Plan will commence on November 16, 2015 and end on May 27, 2016.
Purchases under the Bid will be determined by TerraVest's broker in its sole discretion, without consultation with TerraVest, subject to the limitations of the Plan and the rules of the TSX. The Plan constitutes an "automatic plan" for purposes of applicable Canadian securities laws and has been reviewed by the TSX. The Plan was established to provide standard instructions regarding how TerraVest's Shares are to be purchased under the Bid. Accordingly, TerraVest may purchase its Shares in accordance with the Plan on any trading day during the issuer bid including during self-imposed trading blackout periods. TerraVest may otherwise vary, suspend or terminate the Plan only if it does not have material non-public information, the decision to vary, suspend or terminate the Plan is not taken during a self-imposed trading blackout period and any variation, suspension or termination is made in accordance with the terms of the Plan.
Contacts:
TerraVest Capital Inc.
Mitchell Gilbert
Chief Investment Officer
(416) 364-0064
mitchell.gilbert@terravestcapital.com
TerraVest Capital Inc.
Paul A. Casey
Chief Financial Officer
(780) 632-2040
pcasey@terravestcapital.com
