Mr. Mark Binns reports
HOPEFIELD VENTURES TWO INC.
ANNOUNCES LOAN TO CARRIER CONNECT SYSTEMS LTD.
Further to Hopefield Ventures Two Inc.'s press releases dated Sept. 17, 2024, and Oct. 23, 2024, regarding its proposed acquisition of Carrier Connect Systems Ltd., which will, subject to certain conditions, including approval of the TSX Venture Exchange, constitute Hopefield Ventures Two's qualifying transaction, Hopefield Ventures Two has agreed to advance an unsecured, non-interest bearing loan of $25,000 to Carrier in order for Carrier to preserve its assets. The loan is being provided to Carrier in connection with the transaction and in accordance with Section 7.4(a) of exchange Policy 2.4, Capital Pool Companies.
Completion of the transaction is subject to a number of conditions, and there can be no assurance that the transaction will be completed as proposed or at all. No exchange acceptance is required to advance the loan.
About Hopefield Ventures Two Inc.
Hopefield Ventures Two is a capital pool company (within the meanings of the policies of the exchange, including Policy 2.4). Hopefield Ventures Two 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 Ventures Two 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 Carrier Connect Systems Ltd.
Carrier operates a Tier II/Tier III data centre located in downtown Vancouver, B.C., and specializes in delivering co-location and data centre solutions to service providers, enterprises and small businesses. Data centres are the physical locations that store computing machines and their related hardware equipment, such as servers, data storage drives and network equipment. As a carrier-neutral facility, Carrier's systems are fully independent and owned outright within its leased space. The current principal market for Carrier is the Vancouver metropolitan area, where it serves clients that use its facility either as their primary data centre or as an ancillary site depending on their needs.
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