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Hope Well Capital Corp.* Announces LOI to Acquire Forward Water Technologies Inc.

TORONTO, Feb. 9, 2021 /CNW/ - Hope Well Capital Corp.* (TSXV: HOPE) ("HWCC" or the "Company"), a capital pool company as defined under Policy 2.4 – Capital Pool Companies ("CPC") of the TSX Venture Exchange (the "TSXV"), is pleased to announce it has entered into a letter of intent dated February 3, 2021 (the "LOI") with Forward Water Technologies Inc. ("FWT"), a private company incorporated under the Business Corporations Act (Ontario), whereby HWCC acquires all of the issued and outstanding securities of FWT, with such acquisition constituting a reverse take-over of HWCC (the "Transaction"), subject to the terms and conditions outlined below. HWCC as the resulting issuer following the completion of the Transaction (the "Resulting Issuer") will continue on the business of FWT. HWCC intends that the Transaction will constitute its Qualifying Transaction, as such term is defined in the policies of the TSXV.

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