HAMPTON BAY CAPITAL INC. FILES FILING STATEMENT AND PROVIDES FURTHER DETAILS ON ITS PROPOSED QUALIFYING TRANSACTION WITH LENDIFIED HOLDINGS INC.
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TORONTO, April 02, 2020 (GLOBE NEWSWIRE) — Hampton Bay Capital Inc. (the “Corporation” or “Hampton Bay”) (TSX-V: HPB.P) is pleased to announce that it has filed its filing statement dated March 30, 2020 in connection with it proposed business combination with Lendified Holdings Inc. (“Lendified”). The filing statement is available under the Corporation’s profile at www.sedar.com.As previously announced on December 24, 2019 and January 20, 2020, Hampton Bay has entered into a letter of intent dated December 20, 2019, as amended on January 30, 2020 and February 14, 2020 (the “LOI”), with Lendified to effect an arm’s length transaction that will result in the reverse takeover of Hampton Bay by Lendified (the “Proposed Transaction”) to ultimately form the resulting issuer (the “Resulting Issuer”). It is intended that the Proposed Transaction will constitute the Corporation’s “Qualifying Transaction” as such term is defined under the policies of the TSX Venture Exchange (the “TSXV” or the “Exchange”). Upon completion of the Proposed Transaction, the Resulting Issuer will operate in the Financial Technology sector. The purpose of this comprehensive news release is to update the prior comprehensive news release as disseminated on January 20, 2020.About Lendified Holdings Inc.
TORONTO, April 02, 2020 (GLOBE NEWSWIRE) — Hampton Bay Capital Inc. (the “Corporation” or “Hampton Bay”) (TSX-V: HPB.P) is pleased to announce that it has filed its filing statement dated March 30, 2020 in connection with it proposed business combination with Lendified Holdings Inc. (“Lendified”). The filing statement is available under the Corporation’s profile at www.sedar.com.As previously announced on December 24, 2019 and January 20, 2020, Hampton Bay has entered into a letter of intent dated December 20, 2019, as amended on January 30, 2020 and February 14, 2020 (the “LOI”), with Lendified to effect an arm’s length transaction that will result in the reverse takeover of Hampton Bay by Lendified (the “Proposed Transaction”) to ultimately form the resulting issuer (the “Resulting Issuer”). It is intended that the Proposed Transaction will constitute the Corporation’s “Qualifying Transaction” as such term is defined under the policies of the TSX Venture Exchange (the “TSXV” or the “Exchange”). Upon completion of the Proposed Transaction, the Resulting Issuer will operate in the Financial Technology sector. The purpose of this comprehensive news release is to update the prior comprehensive news release as disseminated on January 20, 2020.About Lendified Holdings Inc.