Automotive Finco Corp. (TSXV:AFCC) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to $12.38 million worth of its outstanding shares. The shares will be tendered at a price of not less than $1.60 per share and not more than $1.65 per share. The company intends to fund the offer from available cash on hand. All shares tendered at prices higher than the final purchase price will be returned to shareholders and the shares tendered at or below the selected price level will be bought at the purchase price. If the aggregate cost to purchase the tendered shares exceeds $12,375,000, the company will accept such shares on a pro-rata basis after giving effect to “odd lot” tenders, which will not be subject to pro-ration. The bid will expire on March 18, 2021. As of February 8, 2021, the company had 23,123,773 shares in issue.