Hampton Financial Corporation – Proposed Private Placement

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TORONTO, Feb. 23, 2024 (GLOBE NEWSWIRE) -- 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.

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