Reeflex Solutions Inc. Announces Market-Making Agreement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
CALGARY, Alberta, June 05, 2025 (GLOBE NEWSWIRE) -- Reeflex Solutions Inc. (TSXV: RFX) (“Reeflex” or the “Company”) is pleased to announce that, subject to TSX Venture Exchange approval, it has entered into an agreement with the Ventum Financial Corp. (“Ventum”) to provide market-making services in accordance with applicable TSX Venture Exchange policies. Pursuant to the agreement, Ventum will seek to maintain an orderly market for the common shares of the Company.
Under the agreement, Ventum will receive compensation of CAD$5,000 per month, payable monthly in advance. The agreement is for an initial term of three months and will renew automatically for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days ' notice.
There are no performance factors contained in the agreement, and Ventum will not receive shares or options as compensation. Ventum and the Company are unrelated and unaffiliated entities. Ventum is a privately owned corporation controlled by its principals. At the time of the agreement, neither Ventum nor its principals have any interest, directly or indirectly, in the securities of the Company, except that Ventum holds 500,000 previously issued agent’s options at an exercise price of $0.10 per share, which were issued in connection with the initial public offering of the Company and are unrelated to the market-making agreement. All funds and securities required for the market-making activities will be provided by Ventum, using its own capital. No third party is providing funds or securities for these activities.
About Ventum
Ventum Financial Corp. is headquartered in Toronto, Ontario with key operational functions in Vancouver, British Columbia, and is a leading independent investment advisory and capital markets firm with fifteen offices across Canada. With a steadfast commitment to integrity and client service, Ventum provides a wide array of financial services to individual, institutional, and corporate clients through our team of experienced professionals. Ventum is a dealer-member of the Canadian Investment Regulatory Organization (CIRO).
About Reeflex
Reeflex is a public company delivering advanced engineering and manufacturing solutions across various industry sectors. Through our wholly-owned subsidiary, Coil Solutions Inc., we provide coil tubing injectors and downhole tools for the oil & gas sector. Our manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a wide range of industrial applications. See www.coilsolutions.com and www.ranglar.com.
Reeflex Contact
For further information, please contact:
John Babic
President, Chief Executive Officer and Director
Email: john.babic@reeflex.ca
Telephone: 780-909-4220
Cautionary Note Regarding Forward-Looking Information
This press release contains “forward-looking information” or “forward-looking statements” within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including statements included in the “About Reeflex” section of this press release, are forward-looking. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate”, “believes”, “estimates”, “expects”, “intends”, “may”, “should”, “will” or variations of such words or similar expressions. More particularly, and without limitation, this press release contains forward-looking information or forward-looking statements concerning the resumption of trading of the Reeflex Shares on the TSXV and Reeflex capitalizing on opportunities for growth in its industry. Reeflex cautions that all forward-looking information and forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Reeflex, including expectations and assumptions concerning Reeflex, as well as other risks and uncertainties, including those described in Reeflex’s filings available on SEDAR+ at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information or forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of Reeflex. The reader is cautioned not to place undue reliance on any forward-looking information or forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information and forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Reeflex does not undertake any obligation to update publicly or to revise any of the included forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
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.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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