Winchester Equity Corporation Announces New Loan Agreement
Rhea-AI Summary
Winchester Equity (TVCCF) entered into a new secured USD $500,000 promissory note with Taxfyle, a tax preparation and filing company in Miami.
The short-term loan bears a flat 5% interest ($25,000), is due on or before August 15, 2026, and is secured against Taxfyle assets and specific receivables exceeding the loan plus interest. The transaction is classified as an arm's length deal under TSXV Policy 1.1, with no involvement by non-arm's length parties or insiders.
Positive
- Short-term USD $500,000 secured loan to Taxfyle
- Flat 5% interest, generating USD $25,000 for the lender
- Security includes Taxfyle assets and receivables exceeding loan plus interest
- Transaction classified as arm's length under TSXV Policy 1.1
- No non-arm's length parties or insiders involved in the transaction
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - June 25, 2026) - Winchester Equity Corporation (TSXV: WEC) (the "Company") is pleased to announce that it has today entered into a new secured promissory note (the "Promissory Note") with Taxfyle, Inc ("Taxfyle").
Background
WEC has agreed to provide Taxfyle with a short-term loan facility of USD
Taxfyle, an arm's length company, is a rapidly growing tax preparation / filing company, located in Miami, FL. The firm has developed a proprietary "human-touch", agentic AI tax preparation platform which is utilized by its clients to source licensed CPA's in order to automate up to
The Company accordingly confirms that is has today entered into a secured promissory note 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/302866