Mr. Sheldon Kales reports
HOPE WELL TO RESUME TRADING AND COMMENCES ACTION AGAINST PAYFARE INC.
Further to the press releases on March 22, 2019, and March 28, 2019, Payfare Inc., on March 27, 2019, provided notice to Hope Well Capital Corp., terminating the proposed qualifying transaction between Payfare and Hope Well, claiming Payfare had provided notice to Hope Well of a superior merger proposal.
Hope Well disputes Payfare's claims and has filed a notice of action against Payfare for, among other things, breach of contract, seeking damages, including expenses incurred by Hope Well in connection with the transaction with Payfare.
Hope Well's shares will resume trading on the TSX Venture Exchange on April 9, 2019. Hope Well will seek a new target for its qualifying transaction in accordance with the rules of the TSX Venture Exchange.
Hope Well Capital Corp.
Hope Well is a capital pool company formed under the TSX-V's CPC program. Hope Well's common shares will resume trading on the TSX-V under the symbol HOPE.P.
We seek Safe Harbor.
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