Hopefield Ventures Inc. and CyberCatch Holdings, Inc. announced that they have received conditional approval from the TSX Venture Exchange in respect of Hopefield's proposed acquisition of CyberCatch. As previously disclosed in its news release dated December 9, 2023, Hopefield has entered into an amalgamation agreement with CyberCatch and 1390090 BC Ltd. Pursuant to the Amalgamation Agreement, Hopefield will, among other things, acquire all of the issued and outstanding securities of CyberCatch. The Transaction has been conditionally approved by the Exchange and is expected to close in March 2023.

It is anticipated that the Transaction will constitute a reverse takeover and Hopefield's "Qualifying Transaction" under Policy 2.4 ­ Capital Pool Companies of the Corporate Finance Manual of the Exchange.