(TheNewswire)
VANCOUVER, BC – TheNewswire - April 3, 2023 –Hopefield Ventures Inc. ( TSXV:HVI.P ) (“ Hopefield ”) ispleased to announce that, further to its news releases dated November8, 2022, December 9, 2022 and February 27, 2023, it has filed a filingstatement (the “ FilingStatement ”) in connection with Hopefield’sproposed acquisition (the “ Transaction ”) of all of the issued andoutstanding securities of CyberCatch Holdings, Inc. (“ CyberCatch ”). TheFiling Statement, which contains details and requisite financialinformation regarding the Transaction, is available underHopefield’s profile on SEDAR ( www.sedar.com ).
As disclosed in Hopefield’s news release datedFebruary 27, 2023, the TSX Venture Exchange (the “ Exchange ”) hasconditionally approved the Transaction. Provided that all of theconditions set out in the Exchange’s conditional approval letterhave been satisfied, Hopefield and CyberCatch anticipate closing theTransaction on or before April 14, 2023.
About Hopefield
Hopefield is a “capital pool company” within themeaning of the policies of the Exchange that has not commencedcommercial operations and has no assets other than cash. Except asspecifically contemplated in the Exchange’s CPC policy, until thecompletion of its Qualifying Transaction (as defined under thepolicies of the Exchange), Hopefield will not carry on business, otherthan the identification and evaluation of companies, business orassets with a view to completing a proposed Qualifying Transaction.
For further information, pleasecontact:
Mark Binns, Chief Executive Officer
Telephone: (604) 681-0084
Email: mark.binns1@gmail.com
Completion of the Transaction issubject to a number of conditions, including but not limited to,Exchange acceptance and if applicable pursuant to ExchangeRequirements, majority of the minority shareholder approval. Whereapplicable, the Transaction cannot close until the requiredshareholder approval is obtained. There can be no assurance that theTransaction will be completed as proposed or at all.
Investors are cautioned that, exceptas disclosed in the management information circular or filingstatement to be prepared in connection with the Transaction, anyinformation released or received with respect to the Transaction maynot be accurate or complete and should not be relied upon. Trading inthe securities of a capital pool company should be considered highlyspeculative.
The TSX Venture Exchange Inc. has inno way passed upon the merits of the proposed Transaction and hasneither approved nor disapproved the contents of this pressrelease.
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
This press release does notconstitute an offer to sell or a solicitation of an offer to sell anyof the securities in the United States. The securities have not beenand will not be registered under the United States Securities Act of1933, as amended (the “ U.S. Securities Act ”) or any state securities laws and maynot be offered or sold within the United States or to U.S. Persons unlessregistered under the U.S. Securities Act and applicable statesecurities laws or an exemption from such registration isavailable.
Forward Looking Information
This news release may containcertain “Forward-Looking Statements” as defined under applicableCanadian securities laws. When or if used in this news release, thewords “anticipate”, “believe”, “estimate”, “expect”,“target”, “plan”, “forecast”, “may”, “schedule”and similar words or expressions identify forward-looking statementsor information. These forward-looking statements or information mayrelate to: the timing of the Transaction.
Forward-looking information is basedupon certain material assumptions that were applied in drawing aconclusion or making a forecast or projection, includingmanagement’s perceptions of historical trends, current conditionsand expected future developments, as well as other considerations thatare believed to be appropriate in the circumstances. While managementof Hopefield considers these assumptions to be reasonable based oninformation currently available, there is no assurance that suchexpectations will prove to be correct. By its nature, forward-lookinginformation is subject to inherent risks and uncertainties that may begeneral or specific and which give rise to the possibility thatexpectations, forecasts, predictions, projections or conclusions willnot prove to be accurate, that assumptions may not be correct and thatobjectives, strategic goals and priorities will not be achieved. Amongthe key factors that could cause actual results to differ materiallyfrom those projected in the forward-looking information include: theability to consummate the Transaction; the ability to obtain requisiteregulatory and security holder approvals and to satisfy otherconditions to the consummation of the Transaction on the terms and atthe times proposed; the impact of the announcement or consummation ofthe Transaction on relationships; changes in general economic,business and political conditions, including changes in the financialmarkets; changes in applicable laws; changes in government regulationand regulatory compliance; and the diversion of management time on theTransaction. Should one or more of these risks, uncertainties or otherfactors materialize, or should assumptions underlying theforward-looking information or statements prove incorrect, actualresults may vary materially from those described herein as intended,planned, anticipated, believed, estimated or expected. Readers arecautioned to consider these and other factors, uncertainties andpotential events carefully and not to put undue reliance onforward-looking information.
The forward-looking informationcontained in this news release is stated as of the date of this newsrelease. Hopefield does not intend, and does not assume anyobligation, to update these forward-looking statements or informationto reflect changes in assumptions or changes in circumstances or anyother events affecting such statements and information other than asrequired by applicable laws, rules and regulations.
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