TORONTO, ONTARIO–(Marketwired – Jan. 12, 2018) –
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Hampton Financial Corporation (“Hampton” or the “Corporation“) (TSX VENTURE:HFC) is pleased to announce that it has granted options under the Corporation’s stock option plan to certain of its directors and officers to acquire a total of 850,000 subordinate voting shares of the Corporation. Of the total options granted, 600,000 vest one-third immediately and one-third on each of the first and second anniversaries of the date of grant. The remaining 250,000 options granted vest immediately. All of the options granted are exercisable at a price of $0.45 per share, have a term of 10 years and are subject in all respects to the terms of the Corporation’s stock option plan and the requirements of the TSX Venture Exchange. Following this grant of options, the Corporation has a total of 850,000 subordinate voting shares reserved for issuance under its stock option plan, representing approximately 6.4% of the presently issued and outstanding subordinate voting shares of the Corporation on a non-diluted basis.
The Corporation, through its wholly-owned subsidiary, Hampton Securities Limited (“HSL“), 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. The subordinate voting shares, and preferred shares of Hampton are listed on the TSXV under the symbol “HFC” and “HFC.PR.A” respectively.
The TSX Venture Exchange (“TSXV”) has in no way approved nor disapproved the contents of this press release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
President & Chief Operating Officer
Hampton Financial Corporation
Hampton Securities Limited