Hampton Financial Corporation
(“
Hampton” or the “
Company”,
TSXV:HFC) is pleased to announce the appointment of John Levac, as
CEO of Oxygen Working Capital Corp. (“
Oxygen”), a
wholly owned subsidiary of Hampton.
“As we continue to develop and expand the scale
of our newly acquired factoring business, Oxygen Working Capital
Corp., we are delighted to welcome John Levac as CEO of Oxygen.
John brings decades of experience in asset-backed and securitized
lending to the company, having worked previously with major players
in this space such as Wells Fargo & RBC. He also brings along
numerous industry, lender and borrower relationships and we are
pleased to have him join the team,” said Hampton Executive Chairman
& CEO, Peter Deeb.
“I am delighted to announce my appointment as
CEO of Oxygen Working Capital, joining their Toronto based team.
Oxygen consists of a highly diversified team of financial experts.
As their growth potential across North America as an established
and growing alternative lender is very exciting, the future looks
bright. Under this new role, I look forward to connecting with many
of my industry colleagues and developing new relationships with
those whom I have not had the privilege of meeting yet, to enhance
Oxygen’s capabilities and further diversify their relationship
base,” stated John Levac.
Hampton acquired Oxygen in early 2024 and has
worked to integrate Oxygen’s factoring business into the Hampton
platform while expanding Oxygen’s lending portfolio.
About Oxygen Working
Capital
Oxygen, founded in 2017, is a specialized
Canadian based lender focused on the commercial factoring business
with clients across Canada, and with prospects for expanded reach
and continued growth across broader North America. Oxygen provides
entrepreneurs with short term financing solutions via immediate
upfront capital by factoring their invoices and receivables,
allowing businesses to meet their immediate working capital needs.
Acquired in 2024, Oxygen is a wholly owned subsidiary of
Hampton.
About Hampton Financial
Corporation
Hampton is a unique private equity firm that
seeks to build shareholder value through long-term strategic
investments. In addition to Oxygen, through its Investment Dealer
subsidiary, Hampton Securities Limited (“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 (Formally IIROC) and registered in
Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia,
Northwest Territories, Ontario, and Quebec. In addition, the
Company 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. The Company
is also exploring opportunities to diversify its sources of revenue
by way of strategic investments and acquisitions 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.
Hampton Financial (TSXV:HFC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Hampton Financial (TSXV:HFC)
Historical Stock Chart
From Nov 2023 to Nov 2024