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TORONTO, September 30, 2022 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or “Corporation”) (TSXV: HFC & HFC.PR.A) has prepared its unaudited interim financial statements for the three and nine months ended May 31, 2022 and 2021, in accordance with announced that it will be resubmitted with an MD&A to , to reflect certain restated results for the three and nine months ended May 31, 2021. This was also included as a comparative figure in the previously filed interim financial statements for May 31, 2022.
In the course of the review of the financial statements at 31 May 2022, it was decided by the company’s management that certain comparative results for the three and nine months ended 31 May need to be adjusted. , agreed by the auditors of the Corporation. 2021. These amendments related to the valuation of marketable securities and warrants and the calculation of stock compensation will result in a reallocation of net income between consecutive quarters for the fiscal year ended August 31, 2021. . Hampton would like to emphasize that these revisions only affect earnings and losses and their respective cash flow allocations between consecutive quarters and were previously reported for the interim period ended May 31, 2021. It does not include balance sheet items that have been Net cash flow for the fiscal year ended August 31, 2021 is unchanged. There are no changes to previously reported figures related to fiscal year 2022. Accordingly, the Company has restated and reflected its interim financial statements for the three and nine months ended May 31, 2022 and 2021, along with corresponding MD&A. Restated results for the 3 and 9 months ended May 31, 2021.
About Hampton Financial Corporation
Hampton Financial Corporation is a unique private equity firm focused on building shareholder value through long-term strategic investments. Hampton, through its wholly owned subsidiary, Hampton Securities Limited (“HSL”), is active 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. In addition, the company offers investment banking services. This includes helping companies raise capital, advising on mergers and acquisitions, and helping issuers list on recognized stock exchanges in Canada and abroad.
For more information, please contact:
Olga Zhuravlev
CFO
Hampton Financial Corporation
(416) 862-8701
or
Peter M. Deve
Representative Director, Chairman and CEO
Hampton Financial Corporation
(416) 862-8651
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No securities regulator has approved or rejected the contents of this press release. This press release does not constitute or form part of an offer or solicitation to buy or sell securities in any jurisdiction other than the United States or Canada. The securities offered for sale have not been, and will not be, registered or offered for sale under the United States Securities Act of 1933, as amended (the “United States Securities Act”) or the securities laws of any state of the United States. or cannot be sold. In the United States, or to unregistered U.S. persons, or pursuant to applicable exemptions from registration requirements under U.S. securities laws and applicable state securities laws. Public offerings of securities will not be made in the United States.
