Winchester Equity Corporation Announces Repayment of Loan Agreement

Rhea-AI Summary

Winchester Equity Corporation (TSXV: WEC, OTC: TVCCF) announced that its secured promissory note with Taxfyle has been repaid in full. The short-term loan had a principal of USD $500,000 at a flat interest rate of 5% (USD $25,000). Winchester Equity confirms full repayment of principal and accrued interest and notes the transaction is an arm's length deal under TSXV Policy 1.1, with no non-arm's length parties or insiders having any direct or indirect interest in, or relationship with, Taxfyle.

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Toronto, Ontario--(Newsfile Corp. - August 18, 2026) - Winchester Equity Corporation (TSXV: WEC) (the "Company") is pleased to announce, that the secured promissory note (the "Promissory Note") with Taxfyle, Inc ("Taxfyle"), has been repaid in full.

Background

As previously disclosed, the Company provided Taxfyle with a short-term loan facility of USD $500,000, bearing a flat interest rate of 5% (USD $25,000).

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 Taxfyle, nor are they insiders of Taxfyle.

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/310351

FAQ

What loan repayment did Winchester Equity Corporation (TVCCF) announce on August 18, 2026?

Winchester Equity announced that its secured promissory note with Taxfyle has been repaid in full. According to Winchester Equity, the repayment covers both the original principal and all accrued interest under the short-term loan facility provided to Taxfyle.

What were the terms of Winchester Equity’s loan to Taxfyle related to TVCCF?

The loan to Taxfyle was a short-term facility of USD $500,000 with a flat interest rate of 5%, totaling USD $25,000. According to Winchester Equity, the secured promissory note documented these terms and has now been fully repaid, including all accrued interest.

Is the Taxfyle promissory note an arm's length transaction for Winchester Equity (TVCCF)?

Yes, Winchester Equity states the promissory note with Taxfyle is an arm's length transaction under TSXV Policy 1.1. According to Winchester Equity, no non-arm's length parties of the company have any direct or indirect interest in, or relationship with, Taxfyle.

Do any insiders of Winchester Equity have an interest in Taxfyle related to the TVCCF loan?

No, Winchester Equity reports that no non-arm's length parties of the company are insiders of Taxfyle or have any direct or indirect interest in it. According to Winchester Equity, this supports the classification of the promissory note as an arm's length transaction.

How much interest did Winchester Equity earn on the Taxfyle loan associated with TVCCF?

Winchester Equity applied a flat interest rate of 5% on the USD $500,000 loan, generating USD $25,000 of interest. According to Winchester Equity, the promissory note has been repaid in full, including this accrued interest component.