Hampton Financial Corporation to Acquire Oxygen Working Capital Corp.

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TORONTO, March 28, 2024 (GLOBE NEWSWIRE) -- Hampton Financial Corporation (“Hampton” or the “Company”, TSXV:HFC) advises that it has concluded its negotiations of the terms upon which it will acquire a controlling interest in Oxygen Working Capital Corp.(“OCC”) of Oakville, Ontario, representing Hampton’s first foray into the Commercial Lending sector.   Hampton anticipates closing the acquisition of OCC on April 1, 2024. OCC is a specialized lender focused on the commercial factoring business with clients across Canada, with prospects for expanded reach and continued growth. The definitive purchase agreement will be executed on closing.

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