Hampton Financial (TSE:HFC) has released an update.
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Hampton Financial Corporation has successfully completed a non-brokered private placement of debentures, raising $1 million with a 5-year maturity and a 12% annual interest rate, convertible into subordinate voting shares at $0.60 each. The company plans to use the proceeds for working capital and general corporate purposes, while also considering strategic investments to diversify revenue streams.
For further insights into TSE:HFC stock, check out TipRanks’ Stock Analysis page.