Three Valley Copper Corp. Announces Short-Term Forbearance of Loan Agreement
THREE VALLEY COPPER CORP. ANNOUNCES SHORT-TERM FORBEARANCE OF
LOAN AGREEMENT
July 24, 2025 – Toronto, Ontario – Three Valley Copper Corp. (TSXV: TVC .H) (the “Company”)
announces, further to its press release dated June 23, 2025, that it has agreed to forbear for a period of
thiryt (30) days from exercising its rights under the secured convertible promissory note (the
“Promissory Note”) from Selma House LLC (“ Selma”) maturing on July 24, 2025. The Company
intends to extend the maturity date of the loan to July 24, 2026, however such extension is subject to
acceptance by the TSX Venture Exchange (the “ TSXV”) of the Company’s proposed change of
business from a mining issuer to an investment issuer under TSXV Policy 5.2 – Changes of Business
and Reverse Takeovers (as announced on June 23, 2025), and reactivation from the NEX Board to
TSXV Tier 2, and, accordingly, the short-term forbearance provides time for the Company to seek to
complete its change of business.
Background
As previously disclosed in the Company’s press release dated June 23, 2025, the Company made a loan
to Selma House LLC, a n 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.
The principal amount under the Promissory Note bears an interest rate of 10% per annum, calculated
monthly and payable upon maturity . USD $93,333 of interest has been received by the Company in
respect of the twelve months ending July 24, 2025. 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.
The Promissory Note constitutes an Arm’s Length Transaction (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: [email protected]
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 regarding, among other things the continued
evaluation and review of transaction opportunities by the Company.
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; chan ges in applicable laws and regulations and costs associated
therewith; actions by governmental or regulatory authorities and costs associated therewit h; and
certain other risks detailed in the Company's continuous disclosure, a copy of which is available o n
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.