05:22:15 EDT Fri 14 Jun 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Hampton Financial Corp
Symbol HFC
Shares Issued 16,610,370
Close 2024-03-27 C$ 0.51
Market Cap C$ 8,471,289
Recent Sedar Documents

Hampton Financial acquisition of Oxygen Working Capital

2024-04-11 20:01 ET - Acquisition

The TSX Venture Exchange has accepted for filing documentation with respect to a purchase agreement dated April 1, 2024, between the company, Oxygen Working Capital Corp. (OCC or the target) and arm's-length shareholders of OCC (the vendors), pursuant to which the company acquired all of the issued and outstanding common shares of OCC, specialized lender based in Ontario, Canada, and focused on the commercial factoring business.

Under the terms of the agreement, the aggregate $9,783,250 purchase price was satisfied via: (i) the issuance of 21,755,071 subordinate voting shares of the company; and (ii) the issuance of an aggregate of 5,438,779 warrants of OCC to the vendors, each such warrant exercisable to purchase one common share of OCC at the price of 50 cents per share over a period of 36 months.

Further, if all of the aforementioned OCC warrants are exercised, the company will own a fully diluted 80-per-cent equity stake in OCC.

For further details, please refer to the company's news releases dated Nov. 7, 2023, March 28, 2024, and April 2, 2024.

© 2024 Canjex Publishing Ltd. All rights reserved.