TerraVest announces automatic purchase plans for common shares and debentures

TSX: TVK

VEGREVILLE, AB, Oct. 27, 2017 /CNW/ - TerraVest Capital Inc. ("TerraVest" or the "Corporation") (TSX: TVK) announced today that, in connection with its previously announced normal course issuer bid (the "Share Bid") for up to 915,911 of its issued and outstanding common shares ("Shares") on the Toronto Stock Exchange ("TSX"), TerraVest has entered into an automatic securities purchase plan with its designated broker to allow for purchases of Shares (the "Share Purchase Plan"). The Share Purchase Plan will commence on October 30, 2017 and end on, or before, December 18, 2017.

TerraVest is also pleased to announce that, in connection with its previously announced normal course issuer bid (the "Debenture Bid" and together with the Share Bid, the "Bids") for up to $1,802,900 aggregate principal amount of its issued and outstanding 7.00% convertible unsecured subordinated debentures due June 30, 2020 (the "Debentures") on the TSX, TerraVest has entered into an automatic securities purchase plan with its designated broker to allow for purchases of Debentures (the "Debenture Purchase Plan" and together with the Share Purchase Plan, the "Plans"). The Debenture Purchase Plan will commence on October 30, 2017 and end on, or before, July 4, 2018.

Purchases under the Plans will be determined by TerraVest's broker in its sole discretion, without consultation with TerraVest, subject to the limitations of the Plans and the rules of the TSX. Each of the Plans is considered an "automatic plan" for purposes of applicable Canadian securities laws and has been reviewed by the TSX. The Plans were established to provide standard instructions regarding how TerraVest's Shares and Debentures, are to be purchased under the Bids. Accordingly, TerraVest may purchase its Shares and Debentures in accordance with the Plans on any trading day during the Bids, including during self-imposed trading blackout periods. TerraVest may otherwise vary, suspend or terminate the Plans only if it does not have material non-public information, the decision to vary, suspend or terminate the Plans is not taken during a self-imposed trading blackout period and any variation, suspension or termination is made in accordance with the terms of each of the Plans.

SOURCE TerraVest Capital Inc.

Mitchell Gillbert, Chief Investment Officer, TerraVest Capital Inc., [phone], [email protected] OR Dustin Haw, Chief Executive Officer, TerraVest Capital Inc., [phone], [email protected]

Related Links

https://www.terravestcapital.com/