Three Valley Copper Corp. Announces Extension of Loan Agreement
Three Valley Copper Corp. (TSXV: TVC) has announced the extension of its secured convertible promissory note with Selma House LLC. The maturity date has been extended from July 24, 2025, to July 24, 2026. The promissory note, with a maximum value of USD$1,000,000, carries a 10% annual interest rate and is secured against all of Selma's assets.
Currently, Selma has drawn USD$800,000 in principal. The Company maintains the right to convert the outstanding principal into a 47.2% ownership interest in Selma. The transaction is classified as an Arm's Length Transaction, with no Non-Arm's Length Parties having any direct or indirect interest in Selma.
Three Valley Copper Corp. (TSXV: TVC) ha annunciato il prolungamento della sua nota promissoria convertibile garantita con Selma House LLC. La data di scadenza è stata estesa dal 24 luglio 2025 al 24 luglio 2026. La nota promissoria, con un valore massimo di USD 1.000.000, prevede un tasso d'interesse annuo del 10% ed è garantita su tutti i beni di Selma.
Attualmente, Selma ha richiamato USD 800.000 di capitale. La Società mantiene il diritto di convertire l'importo principale residuo in una partecipazione del 47,2% in Selma. La transazione è classificata come una Transazione fra parti indipendenti, senza che alcuna parte non indipendente abbia interessi diretti o indiretti in Selma.
Three Valley Copper Corp. (TSXV: TVC) ha anunciado la ampliación de su pagaré convertible garantizado con Selma House LLC. La fecha de vencimiento se ha extendido desde el 24 de julio de 2025 hasta el 24 de julio de 2026. El pagaré, con un valor máximo de USD 1.000.000, tiene una tasa de interés anual del 10% y está garantizado contra todos los activos de Selma.
Actualmente, Selma ha desembolsado USD 800.000 en principal. La Compañía mantiene el derecho de convertir el principal pendiente en una participación del 47,2% en Selma. La transacción se clasifica como una transacción entre partes independientes, sin que ninguna parte no independiente tenga intereses directos o indirectos en Selma.
Three Valley Copper Corp. (TSXV: TVC)가 Selma House LLC와의 담보부 전환 약속어음의 만기를 2026년 7월 24일로 연장했다고 발표했습니다. 만기일은 2025년 7월 24일에서 2026년 7월 24일로 연장되었습니다. 최대 금액은 USD 1,000,000이며 연이율 10%의 이자가 부과되고 Selma의 모든 자산에 대해 담보가 설정되어 있습니다.
현재 Selma는 principal로 USD 800,000를 인출했습니다. 회사는 남은 원금을 Selma의 47.2% 지분으로 전환할 권리를 보유합니다. 이 거래는 독립당사자 간 거래(Arm's Length)로 분류되며, Selma에 직접적이거나 간접적인 이해관계가 있는 비독립당사자는 없습니다.
Three Valley Copper Corp. (TSXV: TVC) a annoncé la prolongation de sa note promissoire convertible garantie avec Selma House LLC. La date d'échéance a été portée du 24 juillet 2025 au 24 juillet 2026. La note, d'une valeur maximale de USD 1 000 000, porte un taux d'intérêt annuel de 10% et est garantie sur l'ensemble des actifs de Selma.
Actuellement, Selma a tiré USD 800 000 du principal. La société se réserve le droit de convertir le principal restant en une participation de 47,2% dans Selma. La transaction est classifiée comme une transaction entre parties indépendantes (Arm's Length), sans qu'aucune partie non indépendante n'ait d'intérêt direct ou indirect dans Selma.
Three Valley Copper Corp. (TSXV: TVC) hat die Verlängerung seiner gesicherten wandelbaren Schuldscheindarlehen mit Selma House LLC bekannt gegeben. Der Fälligkeitstermin wurde vom 24. Juli 2025 auf den 24. Juli 2026 verlängert. Der Schuldschein mit einem Höchstwert von USD 1.000.000 trägt einen Zinssatz von 10% pro Jahr und ist gegen alle Vermögenswerte von Selma abgesichert.
Derzeit hat Selma USD 800.000 des Principalbetrags in Anspruch genommen. Das Unternehmen behält sich das Recht vor, den ausstehenden Principal in eine 47,2%-Eigentumsanteil an Selma umzuwandeln. Die Transaktion wird als Arm's Length-Transaktion klassifiziert, ohne dass nicht unabhängige Parteien direkte oder indirekte Interessen an Selma haben.
Three Valley Copper Corp. (TSXV: TVC) أعلنت عن تمديد سند صادر قابل للتحويل ومضمون مع Selma House LLC. تمتد تاريخ الاستحقاق من 24 يوليو 2025 إلى 24 يوليو 2026. يبلغ الحد الأقصى لسند الدين 1,000,000 دولار أمريكي، وتبلغ الفائدة السنوية 10%، وهو مضمون ضد جميع أصول Selma.
حالياً، سحبت Selma من رأس المال 800,000 دولار. تحتفظ الشركة بحق تحويل رأس المال المستحق إلى ملكية تبلغ 47.2% في Selma. تُصنف المعاملة على أنها صفقة بين أطراف مستقلة، وليس هناك أي طرف غير مستقل له مصلحة مباشرة أو غير مباشرة في Selma.
Three Valley Copper Corp.（TSXV: TVC）宣布延长与 Selma House LLC 的担保可转换本票。到期日从 2025 年 7 月 24 日 延至 2026 年 7 月 24 日。该本票最高金额为 1,000,000 美元，年利率为 10%，并以 Selma 的所有资产为担保。
目前 Selma 已提取本金 80 万美元。公司保留将未偿本金转换为 Selma 的 47.2% 所有权的权利。该交易被归类为独立方交易（Arm's Length），没有任何非独立方直接或间接持有 Selma 的利益。
- Secured loan with 10% annual interest rate provides steady income
- Option to convert loan into 47.2% ownership stake in Selma offers potential equity upside
- Loan is secured against all of Selma's assets as senior secured debt
- Extension provides additional time for loan repayment or strategic decisions
- USD$800,000 exposure to single borrower represents concentration risk
- Extended maturity date delays potential return of principal
- Real estate market exposure through Selma's assets could pose risk in market downturn
Toronto, Ontario--(Newsfile Corp. - September 23, 2025) - Three Valley Copper Corp. (TSXV: TVC) (the "Company") is pleased to announce, further to its press release dated July 24, 2025, that it has formally extended the maturity date of the secured convertible promissory note dated July 25, 2023 (the "Promissory Note") from Selma House LLC ("Selma") to July 24, 2026.
Background
As previously disclosed in the Company's press releases dated June 23, 2025 and July 24, 2025, the Company made a loan to Selma, an arm's length company in the business of providing private credit, for an aggregate amount of up to USD
The Company announced on July 24, 2025 that it had agreed to forbear from exercising its rights under the Promissory Note, and that it would seek to formally extend the Maturity Date upon completion of its change of business from a mining issuer to an investment issuer. The Company accordingly confirms that the Maturity Date has been extended for a further year to July 24, 2026. The principal amount under the Promissory Note bears an interest rate of
As of today's date, Selma has drawn down a total of USD
Regulatory Considerations
The Promissory Note constitutes an Arm's Length Transactions (as such term is defined in Policy 1.1 of the TSXV). No Non-Arm's Length Parties of the Company (as such term is defined in Policy 1.1 of the TSXV) have any direct or indirect interest in, or relationship with Selma, nor are they insiders of Selma.
For Further Information:
Mark Pajak
Chairman, Chief Executive Officer and Director
Tel.: 540 762 2788
Email: mark@winchesterequitycorporation.com
Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions, which are intended to identify forward-looking statements.
These forward-looking statements are based on certain assumptions that the Company has made in respect thereof as at the date of this press release.
Although the Company believes the expectations and material factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties including, but not limited to regulatory approvals, changes in general economic, competitive, business, political and social conditions, including changes in the financial markets; the impact of competitive entities and pricing; the ability to access various sources of debt and equity capital on favourable terms; changes in applicable laws and regulations and costs associated therewith; actions by governmental or regulatory authorities and costs associated therewith; and certain other risks detailed in the Company's continuous disclosure, a copy of which is available on SEDAR+ at www.sedarplus.ca. Accordingly, readers should not place undue reliance on the forward-looking statements contained in this press release.
This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. The forward-looking statements contained in this document speak only as of the date of this document. The Company does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267621
FAQ
What are the terms of Three Valley Copper's (TVCCF) loan extension with Selma House?
How much has Selma House drawn from the TVCCF promissory note?
What conversion rights does Three Valley Copper have in the Selma House loan?
Is the Three Valley Copper loan to Selma House secured?
When was the original maturity date of TVCCF's loan to Selma House?
