Hampton Financial Corporation – Proposed Private Placement

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TORONTO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (“Hampton” or the “Company”, TSXV:HFC) advises that it proposes to sell 700,000 subordinate voting shares, at the price of $0.50 per share for aggregate proceeds of $350,000, to its CEO, Peter Deeb, in a non-brokered private placement transaction. Proceeds from the private placement will be used for working capital purposes.

The transaction constitutes a ‘related party transaction’ as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders In Special Transactions (“MI 61-101”) but is exempt from the shareholder approval and formal valuation requirements under MI 61-101 as the fair market value of the securities to be issued will be less than 25% of the Company’s market capitalization.

The transaction is subject to approval by the TSX Venture Exchange.

About Hampton Financial Corporation

Hampton is a unique private equity firm that seeks to build shareholder value through long-term strategic investments.

Through HSL, Hampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full-service investment dealer, regulated by CIRO and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario, and Quebec. In addition, the Company, through HSL, provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad and HSL’s Corporate Finance Group provides early stage, growing companies the capital, they need to create value for investors. HSL’s Treasury Group works to maximize returns from its balance sheet and strengthen its competitive position as one of Canada’s leading independent financial institutions. HSL continues to develop its Wealth Management, Advisory Team and Principal-Agent programs which offers to the industry’s most experienced wealth managers a unique and flexible operating platform that provides additional freedom, financial support, and tax effectiveness as they build and manage their professional practice.