NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES
TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or the “Corporation”) (TSXV: HFC) is pleased to announce a proposed private placement of 500,000 subordinated voting shares of the Company at a price of $0.70 per share. stock for total proceeds of USD 350,000. The sole subscriber under the private placement is proposed to be Deeb & Company Limited, a company controlled by Peter Deeb, the company’s managing director.
About Hampton Financial Corporation
Hampton Financial Corporation is a unique private equity firm that seeks to build shareholder value through long-term strategic investments. Through its wholly owned 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 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 in raising capital, advising on mergers and acquisitions, and assisting issuers in obtaining a listing on a recognized stock exchange in Canada.
For more information, please contact:
Olga Yuravlev
Head of accounting
Hampton Financial Corporation
(416) 862-8701
or
Peter M. Deeb
Executive Chairman & CEO
Hampton Financial Corporation
(416) 862-8651
The TSXV has in no way approved or disapproved of the contents of this press release. Neither the TSXV nor its Regulation Service Provider (as that term is defined in the policies of the TSXV) assumes responsibility for the adequacy or accuracy of this press release.
No securities regulatory authority has either approved or rejected the contents of this press release. This press release does not constitute or form part of an offer or solicitation to buy or sell securities in the United States or any other jurisdiction outside of Canada. The offered securities 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 in the United States and may not be offered or sold in the United States or to a U.S. person without registration or pursuant to 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.
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 deriving future business, operations, financial results, prospects and other plans, intentions, expectations, estimates and beliefs of the Company . All statements other than statements of current or historical facts are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “target”, “continuing”, “ongoing” “, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, indicating future results.
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 could cause the Company’s actual events, results, performance or performance to differ materially from the future. events, results, performance and results expressed or implied by forward-looking statements herein. Forward-looking statements are not guarantees of future results. Although the Company believes that any forward-looking statements made herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties associated with such statements, there can be no assurance that such forward-looking statements will prove to be be accurate. Actual results may differ, and may differ materially, from those expressed or implied by the forward-looking statements herein. Readers are therefore advised to rely on their own judgment of the risks and uncertainties associated with forward-looking statements herein and should not place undue reliance on 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 law, the Company undertakes no obligation and disclaims any intention to update or revise any forward-looking statements herein or to update the reasons for actual events or results may or will differ. from those projected in any forward-looking statements herein, whether as a result of new information, future events or results or otherwise.
