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Hopefield Ventures Two Inc
Symbol HVII
Shares Issued 17,887,500
Close 2024-09-11 C$ 0.005
Market Cap C$ 89,438
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Hopefield Ventures to provide $25,000 loan to Carrier

2024-11-06 14:14 ET - News Release

Subject: News release - HVII (Hopefield Ventures Two Inc.) Word Document

File: '\\swfile\EmailIn\20241106 104918 Attachment Hopefield Ventures Two Inc. - Press Release re $25,000 Loan.docx'

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Hopefield Ventures Two Inc.

Announces Loan to Carrier Connect Systems Ltd.

Vancouver, British Columbia, November 6, 2024 - Hopefield Ventures Two Inc. (TSXV: HVII.P) ("HVII" or the "Company") announces that, further to its press releases dated September 17, 2024 and October 23, 2024, regarding its proposed acquisition of Carrier Connect Systems Ltd. ("Carrier"), which will, subject to certain conditions, including approval of the TSX Venture Exchange (the "Exchange"), constitute HVII's "Qualifying Transaction" (the "Transaction"), it has agreed to advance an unsecured, non-interest bearing loan of $25,000 to Carrier (the "Loan") 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 ("Policy 2.4").

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.

HVII is a "capital pool company" (within the meanings of the policies of the Exchange, including Policy 2.4). HVII 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), HVII 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/III data center located in downtown Vancouver, British Columbia, and specializes in delivering co-location and data center solutions to service providers, enterprises and small businesses. Data centers 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 who use its facility either as their primary datacenter or as an ancillary site depending on their needs.

Further Information

For more information concerning the Transaction, see the Company's press releases dated September 17, 2024 and October 23, 2024. The parties will provide further details in respect of the Transaction in due course by way of press release in accordance with the requirements of the Policy 2.4.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

Hopefield Ventures Two Inc.

Suite 2200 - 885 West Georgia Street

Vancouver, BC V6C 3E8

Attention: Mark Binns, CEO

Telephone: (604) 681-0084

Email: mark.binns1@gmail.com

Carrier Connect Systems Ltd.

1127 15th Street West

North Vancouver, BC V7P 1M7

Attention: Johan Arnet, CEO

Email: johan@carrierconnect.ca

Cautionary Statement Regarding Forward-Looking Information

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of Canadian securities legislation, including with respect to the Transaction. Forward-looking information generally refers to information about an issuer's business, capital, or operations that is prospective in nature. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information is often identified by terms such as "may", "should", "anticipate", "would", "will", "estimates", "believes", "intends" "expects" and similar expressions which are intended to identify forward-looking information.

The Company cautions that all forward-looking information is inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of HVII and Carrier. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. There can be no assurance that the Transaction will be completed in its entirety or at all. Investors are cautioned that any information released or received with respect to, among other matters disclosed in this press release, may not be accurate or complete and should not be relied upon. Such forward-looking information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information contained in this press release is expressly qualified by this cautionary statement.

The forward-looking information contained in this press release are made as of the date of this press release, and HVII does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

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