Hampton Financial Corporation Announces Completion of Final Tranche of Second Non-Brokered Private Placement of Unsecured Convertible Debentures

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

TORONTO, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (“Hampton” or the “Corporation”) (TSXV: HFC) (TSXV: HFC.PR.A) is pleased to announce the closing of the second and final tranche of a non-brokered private placement of unsecured convertible debentures (the “Debentures”) in the principal amount of $385,000. The closing of the second and final tranche is part of a larger additional offering of Debentures in the aggregate principal amount of up to CAD$5,500,000 (the “Offering”). Pursuant to the Offering Hampton completed two tranches of Debentures in the aggregate principal amount of $3,021,000, completion of the first tranche having been announced on November 7, 2022. Hampton had also announced on October 11, 2022 completion of a separate prior offering of similar debentures in the aggregate principal amount of $4,663,000.

Read more at globenewswire.com