Hampton Financial Corporation announces the distribution of
NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES
TORONTO, Oct. 22, 2021 (GLOBE NEWSWIRE) – Hampton Financial Corporation (“Hampton“or the”company“) (TSXV: HFC) (TSXV: HFC.PR.A) is pleased to announce that it has issued $ 2,000,000 in principal of non-convertible promissory notes (the”Remarks“) which were placed by Hampton’s agent, Terra Cotta Investment Counsel Inc.
The notes bear interest at 12% per annum, payable monthly in arrears and have a term of one year. Hampton has the right to redeem the tickets at any time during the 1 year term.
The net proceeds of the Offering will be used in part to repay the principal amount of $ 1,000,000 of one-year Notes and the remainder may be used for other general corporate and / or Hampton Securities Limited purposes.
About Hampton Financial Corporation
Hampton Financial Corporation is a unique private equity firm that seeks to create shareholder value through long-term strategic investments. Through its wholly owned subsidiary, Hampton Securities Limited (“LGVHampton is actively engaged in family office, wealth management, institutional services and capital markets activities. HSL is a full-service, IIROC-regulated investment dealer registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, Northwest Territories, Ontario and Quebec. In addition, the company provides investment banking services, including helping companies raise capital, advising on mergers and acquisitions and helping issuers get listed on a recognized stock exchange in Canada.
For more information please contact:
Peter M. Deeb
Executive Chairman and Chief Executive Officer
Hampton Financial Corporation
The TSX Venture Exchange has in no way approved or disapproved of the contents of this press release. Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this press release..
No securities regulatory authority has approved or disapproved of the contents of this press release. This press release does not constitute or form part of any offer or solicitation to buy or sell securities in the United States or in any other jurisdiction outside of Canada. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), or the securities laws of any state of the United States and may not be offered or sold in the United States or to a United States person without registration or under an available exemption from the registration requirements of the US Securities Act and applicable state securities laws. There will be no public offering of securities in the United States.
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 concerning or inferring future activities, transactions, financial performance, prospects and other plans, intentions, expectations, Company estimates and beliefs. 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 “anticipate”, “realize” , “Could”, “believe”, “plan”, “intend”, “objective”, “ongoing”, “in progress”, “estimate”, “outlook”, “expect”, “may “,” will “,” plan “,” should “or similar words, including their negatives, suggesting future results.
Forward-looking statements involve and are subject to known and unknown assumptions and risks, uncertainties and other factors beyond the Company’s ability to predict or control which may cause events, results, performance to occur. or actual achievements of the Company are materially different from future events, results, performance and achievements expressed or implied by the forward-looking statements contained herein. Forward-looking statements are not guarantees of future performance. Although the Company believes that the forward-looking statements contained 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 these forward-looking statements will prove to be correct. Actual results may vary, and vary materially, from those expressed or implied by the forward-looking statements herein. Therefore, readers are advised to rely on their own assessment of the risks and uncertainties inherent in forward-looking statements contained in this document and not to place undue reliance on such forward-looking statements. All forward-looking statements contained in this document are qualified by this cautionary statement. Forward-looking statements herein are made only as of the date hereof, and except as required by applicable law, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking statements herein or to update the reasons why actual events or results may differ or differ from those projected in the forward-looking statements herein, whether as a result of new information, future events or results, or otherwise.