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Reeflex Solutions Inc. Reports Voting Results from Annual General and Special Meeting
Globenewswire· 2025-09-02 12:00
Core Points - Reeflex Solutions Inc. held its Annual General and Special Meeting of Shareholders on August 29, 2025, with 30,783,820 common shares voted, representing approximately 66.3% of the outstanding shares [2][5] - All matters proposed in the Management Information Circular dated July 18, 2025, were approved by shareholders, including the election of directors and the appointment of auditors [2][5] - The election results for the directors showed overwhelming support, with all nominees receiving over 99.9% of votes in favor [2][5] Company Overview - Reeflex Solutions Inc. is a public company that provides advanced engineering and manufacturing solutions across various industries [3] - The company operates through its subsidiary, Coil Solutions Inc., which specializes in coil tubing injectors and downhole tools for the oil and gas sector [3] - The manufacturing division, Ranglar Manufacturing, focuses on custom-designed mobile equipment for a wide range of industrial applications [3]
Reeflex Solutions Inc. Announces Credit Facility With the Royal Bank of Canada
Globenewswire· 2025-06-16 16:19
Core Points - Reeflex Solutions Inc. has entered into a credit agreement with the Royal Bank of Canada to support its growth and operational flexibility [1][3] - The credit facilities include a $1 million revolving demand facility and a $500,000 revolving term facility [2] - The financing is seen as a vote of confidence in the company's business model and management team [3] Credit Facilities Details - The revolving demand facility bears interest at the Royal Bank Prime Rate + 1.25% [2] - The revolving term facility consists of variable and fixed rate term loans with terms up to 72 months [2] - Specific repayment terms will be agreed upon at the time of drawdown [2] Security and Obligations - The credit agreement is secured by a General Security Agreement and a personal guarantee from an officer and director of the company [3] - It includes standard financial reporting obligations and customary fees such as an annual renewal fee, arrangement fee, and monthly management fee [4] Company Overview - Reeflex is a public company providing advanced engineering and manufacturing solutions across various industry sectors [5] - Through its subsidiary, Coil Solutions Inc., the company offers coil tubing injectors and downhole tools for the oil and gas sector [5] - The manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a wide range of industrial applications [5]