TerraVest announces termination of automatic purchase plans

TSX: TVK

VEGREVILLE, AB, June 6, 2018 /CNW/ - TerraVest Industries Inc. ('TerraVest" or the "Corporation") (TSX: TVK) announced today that it has terminated (i) its automatic securities purchase plan which it entered into on January 31, 2018 (The "Common Share ASPP") for the purposes of facilitating repurchases of its common shares ("Common Shares") under its TSX-approved normal course issuer bid for its Common Shares (the "Common Share NCIB"); and (ii) its automatic securities purchase plan which it entered into on October 27, 2017 (the "Debenture ASPP") for the purposes of facilitating repurchases of its 7.00% convertible unsecured subordinated debentures due June 30, 2020 (the "Debentures") under its TSX-approved normal course issuer bid for Debentures (the "Debenture NCIB").

Regardless of the termination of the Common Share ASPP and Debenture ASPP, the Common Share NCIB and Debenture NCIB remain in effect on the same terms and subject to the TSX restrictions previously disclosed.

TerraVest is not aware of any undisclosed material information regarding the Corporation or its securities.

SOURCE TerraVest Industries Inc.