Mr. Peter Deeb reports
HAMPTON FINANCIAL CORPORATION ANNOUNCES THE COMPLETION OF A NON-BROKERED PRIVATE PLACEMENT OF DEBENTURES
Hampton Financial Corp. has closed a non-brokered private placement of debentures in the principal amount of $1,267,000.
The debentures will mature five years and one day after the issue date, and will bear interest at the rate of 10.5 per cent per annum, payable quarterly in arrears on the last day of March, June, September and December in each year until the maturity date. The first interest payment will be made at the end of the first calendar quarter following the closing date, and will consist of interest accrued from and including the closing date to the initial interest payment date. Interest will be payable in cash only and will cease to accrue on the maturity date.
Proceeds of the offering will be used for working capital and general corporate purposes.
About Hampton Financial Corp.
Hampton is a unique private equity firm that seeks to build shareholder value through long-term strategic investments.
Through its wholly owned subsidiary, Hampton Securities Ltd. (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 the Canadian Investment Regulatory Organization (CIRO), and registered in Alberta, British Columbia, Manitoba, Saskatchewan, Nova Scotia, the Northwest Territories, Ontario and Quebec. In addition, the company, through HSL, provides investment banking services, which include assisting companies with raising capital, advising on mergers and acquisitions, and aiding issuers in obtaining a listing on recognized securities exchanges in Canada and abroad, and HSL's corporate finance group provides early-stage, growing companies the capital they need to create value for investors. HSL continues to develop its wealth management, advisory team and principal-agent programs, offering to the industry's most experienced wealth managers a unique and flexible operating platform that provides additional freedom, financial support and tax effectiveness as they build and manage their professional practice.
Through its wholly owned subsidiary, Oxygen Working Capital (OWC), the company offers factoring and other commercial financing services to clients across Canada.
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