09:18:20 EDT Thu 02 May 2024
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Hopefield to provide $150,000 bridge loan to Predictive

2024-02-26 20:57 ET - News Release

Mr. Mark Binns reports

HOPEFIELD VENTURES TWO INC. ANNOUNCES PROPOSED BRIDGE LOAN TO PREDICTIVE TECHNOLOGIES, LLC

In connection with the entering into of the unit contribution and exchange agreement between Hopefield Ventures Two Inc., Predictive Technologies LLC, Qeleo Technologies Finance Company Ltd., 1460983 B.C. Ltd. and certain security holders of Predictive announced on Feb. 5, 2024, the company is seeking the approval of the TSX Venture Exchange pursuant to Section 8.5 of exchange Policy 2.4 -- Capital Pool Companies for Hopefield Ventures to provide a bridge loan of $150,000 to Predictive (the bridge loan) to finance Predictive's operations prior to the completion of the transactions contemplated by the definitive agreement. The advancement of the bridge loan is subject to prior approval of the exchange.

The bridge loan will bear interest at an annual rate of 7 per cent, which will begin to accrue on Aug. 30, 2024, and will be evidenced by a loan agreement, which will be secured against certain specified assets of Predictive. The bridge loan will be subject to customary events of default and will be repayable in six consecutive, equal monthly instalments commencing on Aug. 30, 2024.

In addition to the bridge loan, in accordance with Section 8.5 of exchange Policy 2.4 -- Capital Pool Companies, the company advanced an unsecured loan of $25,000 to Predictive which will be used by Predictive to preserve its assets.

About Hopefield Ventures Two Inc.

Hopefield is a corporation incorporated under the laws of the Province of British Columbia and is a reporting issuer in the provinces of British Columbia, Alberta and Ontario. Hopefield was incorporated on Jan. 24, 2022, pursuant to the provisions of the BCBCA.

Hopefield is a capital pool company (within the meanings of the policies of the TSX Venture Exchange, including Policy 2.4). Hopefield has not commenced commercial operations and has no assets other than a minimum amount of cash. Except as specifically contemplated in Policy 2.4, until the completion of a qualifying transaction (as defined in Policy 2.4), Hopefield will not carry on any business other than the identification and evaluation of companies, business or assets with a view to completing a proposed qualifying transaction.

About Predictive Technologies LLC

Predictive is a technology company which develops and implements state-of-the-art artificial intelligence capabilities which are delivered through a software-as-a-service (SaaS) business model. These technologies are built on seven years of dedicated research and development. Customers can utilize the Predictive's artificial intelligence (AI) technologies in their own businesses without having to invest in the infrastructure and expertise to develop these capabilities themselves. They include, amongst others, services such as automated data analytics, natural language processing, predictive modelling, image and video analytics, and assistance and advisory function. Predictive markets its AI technologies under the name Qeleo.

Predictive is a limited liability company existing under the laws of Colorado, United States, which was formed on Sept. 16, 2016. Predictive currently has operations is each of New York, Texas, Washington, D.C., Florida, California, Massachusetts, Maryland and Colorado.

We seek Safe Harbor.

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