Three Valley Copper Corp. Announces Extension Of Loan Agreement

2025-09-23 03:12:50

(MENAFN- Newsfile Corp) 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$1,000,000 pursuant to the terms of the Promissory Note, which was originally to become due and payable on July 24, 2024 (the " Maturity Date "). The Maturity Date was subsequently extended for one year to July 24, 2025.

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 10% per annum, calculated monthly. The Promissory Note is secured against all assets of Selma (which consist primarily of real estate assets and receivables) and represents the sole senior secured debt of such company. The Company has the right to convert, at any time, the outstanding principal amount of the Promissory Note into a 47.2% ownership interest in Selma.

As of today's date, Selma has drawn down a total of USD$800,000 in principal against the Promissory Note.

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.

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