Hampton Financial Corporation
(“
Hampton” or the “
Company”,
TSXV:HFC) advises that it proposes to sell, in a non-brokered
private placement transaction, debentures in the principal amount
of $1,000,000, 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. 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. Proceeds from the private placement will be used
for working capital and general corporate purposes.
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.
The Company is also exploring opportunities to
diversify its sources of revenue by way of strategic investments in
both complimentary business and non-core sectors that can leverage
the expertise of its Board and the diverse experience of its
management team.
For more information, please contact:
Olga JuravlevChief Financial OfficerHampton
Financial Corporation(416) 862-8701
Or
Peter M. DeebExecutive Chairman & CEOHampton
Financial Corporation(416) 862-8651
The TSXV has in no way approved nor
disapproved the contents of this press release. Neither
the TSXV nor its Regulation Services Provider
(as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy
or accuracy of this press release.
No securities regulatory authority has
either approved or disapproved of the contents of
this press release. This press release does
not constitute or form a part of any offer or solicitation
to buy or sell any securities in the United
States or any other jurisdiction outside of Canada.
The securities being offered have not been
and will not be registered under the United
States Securities Act of 1933, as amended
(the "U.S. Securities Act"), or the securities laws of any
state of the United States and may not be
offered or sold within the United States or to a U.S.
person absent registration or pursuant to an
available exemption from the registration requirements
of the U.S. Securities Act and applicable
state securities laws. There will be no public offering
of securities in the United
States.
Forward-Looking Statements
This press release contains certain
forward-looking statements and forward-looking information
(collectively referred to herein as "forward-looking
statements") within the meaning of applicable Canadian
securities laws, which may include, but are not limited to,
information and statements regarding or inferring the future
business, operations, financial performance, prospects, and other
plans, intentions, expectations, estimates, and beliefs of the
Company. All statements other than statements of present or
historical fact are forward-looking statements. Forward-looking
statements are often, but not always, identified by the use of
words such as “should”, “hopeful”, “recovery”, "anticipate",
"achieve", "could", "believe", "plan", "intend", "objective",
"continuous", "ongoing", "estimate", "outlook", "expect", "may",
"will", "project" or similar words, including negatives thereof,
suggesting future outcomes.
Forward-looking statements involve and are
subject to assumptions and known and unknown risks, uncertainties,
and other factors beyond the Company’s ability to predict or
control which may cause actual events, results, performance, or
achievements of the Company to be materially different from future
events, results, performance, and achievements expressed or implied
by forward-looking statements herein. Forward-looking statements
are not a guarantee of future performance. Although the Company
believes that any forward-looking statements herein are reasonable,
in light of the use of assumptions and the significant risks and
uncertainties inherent in such statements, there can be no
assurance that any such forward-looking statements will prove to be
accurate. Actual results may vary, and vary materially, from those
expressed or implied by the forward-looking statements herein.
Accordingly, readers are advised to rely on their own evaluation of
the risks and uncertainties inherent in forward-looking statements
herein and should not place undue reliance upon such
forward-looking statements. All forward-looking statements herein
are qualified by this cautionary statement. Any forward-looking
statements herein are made only as of the date hereof, and except
as required by applicable laws, the Company assumes no obligation
and disclaims any intention to update or revise any forward-looking
statements herein or to update the reasons that actual events or
results could or do differ from those projected in any
forward-looking statements herein, whether as a result of new
information, future events or results, or otherwise, except as
required by applicable laws.
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