Toronto, Ontario / TheNewswire / March 9 2017 - Hampton Financial Corporation (the “Corporation”) (TSXV:HFC) announces the filing on SEDAR of restated financial statements for the three-month period ended November 30, 2016, which were reviewed by the Corporation’s auditors, together with restated management’s discussion and analysis for the same period. The financial statements for this period which were filed on SEDAR on January 27, 2017 had not been reviewed by the Corporation’s auditors.

During the course of the review of the financial statements for this period, it was determined by management, and agreed to by the Corporation’s auditors, that it was necessary to reflect a portion of the fair value of certain long term incentive plan (“LTIP”) entitlements in the financial statements. As a result, on account of this LTIP accrual, the financial statements have been restated to reflect an increase of $30,000 in the amount of other compensation and benefits, together with additional note disclosure.

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, Nova Scotia, Northwest Territories, Ontario and Quebec. The subordinate voting shares of Hampton Financial Corporation are listed on the TSXV under the symbol ‘HFC’.

For more information, please contact:
Peter Deeb, CEO
(416) 862-7800

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.