TORONTO, Jan. 12, 2017 /CNW/ - Axis Auto Finance Inc.
("Axis" or the "Company"), (TSXV: AXIS, formerly AXS) an
alternative lender servicing the Canadian used vehicle market,
announced that effective today its new trading symbol will be
AXIS.
"We welcome the adaptation of four letter trading symbols by the
TSX Venture Exchange (the "TSXV") and want to take advantage of
matching the trading symbol to the actual name of the business,
which will allow us to streamline all marketing efforts and
eliminate potential confusion in the future," said Ilja
Troitschanski, CEO of Axis.
Axis is also pleased to announce that it has retained Mackie
Research Capital Corporation ("Mackie") to provide market making
services to the Company in compliance with the policies and
guidelines of the TSXV and other applicable legislation. Mackie
will trade shares of Axis on the TSXV for the purposes of
maintaining a reasonable market and improving the liquidity of
Axis' common shares.
The agreement between Mackie and the Company is for a minimum of
six months and the Company has agreed to pay Mackie $4,000 per month during the term, payable
quarterly in advance. The Company and Mackie act at arm's length,
there are no performance factors contained in the agreement between
Mackie and the Company and Mackie will not receive any shares or
options from the Company as compensation for services it will
render.
About Mackie Research Capital Corporation
Mackie is one of Canada's
largest independent full service investment firms, and proudly
traces its roots back to 1921. Mackie is privately owned by many of
its 300 employees. As a fully integrated national investment
dealer, Mackie offers a full complement of capital markets and
wealth management services to private clients, institutions and
growth companies.
About Axis Auto Finance
Axis provides non-standard financing options targeting roughly
30% of Canadians (Source: Equifax) that do not qualify for
traditional bank-type financing for their used vehicle purchase.
Through personalized service and a commitment to building strong,
long-lasting relationships with dealer partners, Axis continues to
be one of Canada's fastest-growing
auto-financing companies.
Further information on the Company can be found at
www.axisautofinance.ca.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this press release. Neither the Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy
or accuracy of this release.
Certain information in this press release may constitute
forward-looking information. This information is based on
current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. The Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to the Company. Additional information identifying
risks and uncertainties is contained in the Company's filings with
the Canadian securities regulators, available at
www.sedar.com.
SOURCE Axis Auto Finance Inc.