Hampton Financial Corporation – Closing of Private Placement of Debentures

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TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (“Hampton” or the “Company”, TSXV:HFC) advises that it has closed the non-brokered private placement of debentures previously announced in the Company’s news release of February 23, 2024. Hampton has issued debentures in the principal amount of $1,000,000, having a term of five years, bearing interest at the rate of 12% per annum and convertible at any time at the option of the holder into subordinate voting shares in the capital of the Company at the price of $0.60 per share. If the entire principal amount of the debentures is converted the Company will issue 1,666,667 subordinate voting shares. The Company will have the option to prepay the principal amount of the debentures together with accrued interest at any time after 6 months following the date of issuance of the debentures. The proceeds from the private placement will be used for working capital and general corporate purposes.

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.