Business · Companies · 3 hrs ago
Hampton completes share issuance for debt
Hampton Financial Corporation completed a share issuance for debt, the company announced on October 28.
It issued 458,410 subordinate voting shares at a deemed price of $0.26 per share.
In a share-for-debt arrangement, a company issues shares rather than paying the debt in cash.
The TSX Venture Exchange approved the issuance before it was completed.
The shares cannot be resold until February 24, 2027, because they are subject to a hold period.
The announcement gives no further details about the debt or what will happen after the hold period ends.
Hampton Financial Corporation completed the issuance of shares to settle debt after receiving approval from the TSX Venture Exchange.
The company issued 458,410 subordinate voting shares at a deemed price of $0.26 per share.
The shares are subject to resale restrictions until February 24, 2027.
Hampton said the completion followed its October 14, 2026 news release.
- Who
- Hampton Financial Corporation, a company listed as TSXV: HFC.
- What
- It completed an issuance of 458,410 subordinate voting shares for debt at a deemed price of $0.26 per share.
- When
- October 28, 2026.
- Where
- Not stated.
- Why
- The shares were issued for debt; further details about the debt are not stated.
This story does not have two clearly opposing sides.
Hampton issued an earlier news release about the share issuance.
Hampton announced that it had received TSX Venture Exchange approval and completed the issuance.
- Company
- Hampton Financial Corporation (TSXV: HFC)
- Shares issued
- 458,410 subordinate voting shares
- Deemed price
- $0.26 per share
- Resale restriction ends
- February 24, 2027
- Exchange approval
- TSX Venture Exchange