Winchester Equity Corporation Announces New Loan Agreement
Rhea-AI Summary
Winchester Equity Corporation (TSXV: WEC, OTC: TVCCF) announced that the secured convertible promissory note provided to Selma House LLC, a real estate investment and private credit firm, has been repaid in full, including all accrued interest.
The loan was for up to USD$2,000,000, carried a 10% interest rate, and was originally due on October 2, 2026. According to the company, the transaction is classified as an Arm's Length Transaction under TSXV Policy 1.1, and no non-arm's length parties or insiders of Winchester Equity hold any direct or indirect interest in, or relationship with, Selma.
Positive
- USD$2,000,000 secured convertible promissory note repaid in full, including interest
- Promissory note bearing 10% interest settled before October 2, 2026 maturity
Negative
- None.
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Toronto, Ontario--(Newsfile Corp. - July 27, 2026) - Winchester Equity Corporation. (TSXV: WEC) (the "Company") is pleased to announce, further to its press release dated October 3, 2025, that the secured convertible promissory note (the "Promissory Note") provided to Selma House LLC ("Selma"), has been repaid in full.
Background
As previously disclosed, the Company made a loan of up to USD
The Company accordingly confirms that the Promissory Note has been repaid in full including all accrued interest.
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/306771