surfer44
8月前
Three Valley Copper Corp. Announces Name Change to Winchester Equity Corporation
October 01 2025 - 8:11AM
Newsfile
Toronto, Ontario--(Newsfile Corp. - October 1, 2025) - Three Valley Copper Corp. (TSXV: TVC) (the "Company") is pleased to announce that it has filed articles of amendment to change its corporate name from "Three Valley Copper Corp." to "Winchester Equity Corporation" (the "Name Change"), effective October 3, 2025. The Company's new stock system on the TSX Venture Exchange will be "WEC", and the Company expects its common shares will commence trading under the new name and the new ticker symbol market open on October 3, 2025.
A new CUSIP number has been obtained to replace the previous CUSIP number. The Name Change is to reflect the Company's change of business from a mining issuer to an investment issuer, as previously disclosed in the Company's press release on August 28, 2025. There is no consolidation of the Company's common shares in connection with the Name Change. No action will be required by existing shareholders with respect to the Name Change. Share certificates representing common shares of the Company will not be affected and will not need to be exchanged.
For Further Information:
Mark Pajak
Chairman, Chief Executive Officer and Director
Tel.: 540 762 2788
Email: mark@winchesterequitycorporation.com
surfer44
9月前
Three Valley Copper Corp. Announces Extension of Loan Agreement
September 23 2025 - 1:29PM
Newsfile
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.
For Further Information:
Mark Pajak
Chairman, Chief Executive Officer and Director
Tel.: 540 762 2788
Email: mark@winchesterequitycorporation.com
surfer44
4年前
Three Valley Copper Provides Corporate Update
Fri, September 30, 2022 at 4:00 AM
TORONTO, Sept. 30, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) provides an update on its 95.1% owned Minera Tres Valles SpA (“MTV”) property near Salamanca, Region de Coquimbo, Chile.
Since the Judicial Restructuring Procedure (“JRP”) was filed in Chile on June 13, 2022, the Chilean courts have neither confirmed nor denied the application for creditors protection. If granted, it will be similar to being granted creditor protection under the Companies’ Creditors Arrangement Act in Canada.
Since the filing on June 13, 2022, MTV has progressed with the termination of over half of its work force and the underground contractor for the Papomono mine has demobilized. Further planned terminations are expected to occur during the fourth quarter. The infrastructure of Papomono built to date is expected to remain stable for the next 6 to 12 months with minimal maintenance and MTV now expects to continue producing limited copper cathodes from the existing material on the heap leach until the end of December 2022, with MTV’s cash resources expected to be exhausted shortly thereafter.
Concessions from certain important suppliers together with unexpected benefits in the heap leach generated by the past months of above-average precipitation, have provided MTV the ability to generate additional copper cathodes from its current inventory. It is MTV’s expectation that copper cathodes can be harvested for the remainder of 2022 at a marginal profit but cautions that certain assumptions are subject to change which could change this expectation. The performance of the heap leach is critical and monitored closely in the event that circumstances change that would affect the copper cathode production projection. These recent developments have provided the Company and MTV additional time to attract long-term investment.
The Company maintains dialogue with Anglo American Marketing Limited and a fund managed by Kimura Capital (the “Senior Lenders” to MTV) to source a long-term investor. To date, a solution to support MTV has not been identified. The Company is uncertain whether this can be achieved with the Senior Lenders’ cooperation and is cautious in attributing any probability that a fulsome financial support solution from the Senior Lenders and/or new investor will be available.
If MTV is successful in sourcing a longer-term capital support solution and restructuring its existing debt, there will likely be a material dilution to the Company’s ownership interest in MTV, including the likelihood that the Company would no longer hold majority control of MTV. If a longer-term capital support solution and/or restructuring is unsuccessful, MTV could be forced to liquidate or be sold, which could adversely impact the Company’s ability to recover any or all of the Company’s investment in MTV. The public company, Three Valley Copper, is expected to continue as a going concern even if a liquidation event occurs at MTV.
As a result of the current financial situation of MTV, certain defaults of the senior secured debt facility have occurred and are continuing. While the Senior Lenders have not provided a notice thereof to MTV, they have expressly reserved their rights.
About Three Valley Copper
Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 95.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.
surfer44
4年前
THREE VALLEY COPPER ANNOUNCES GRANT OF DEFERRED SHARE UNITS AND RESTRICTED SHARE UNITS
04/01/2022
TORONTO, April 01, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) announces that it has granted 508,130 Deferred Share Units (DSUs) to directors and 325,203 Restricted Share Units (RSUs) to the CEO pursuant to its long-term incentive plan for the quarter ending March 31, 2022.
The Company intends to grant DSUs quarterly to its directors, with each grant representing one-half of each director’s board retainer, payable in cash or common shares of the Company, upon the holder ceasing to be a director of the Company.
The RSUs granted to the CEO represent 20% of the base compensation of the CEO and are payable in common shares of the Company on exercise, and vest on January 1 of the second calendar year after the date of grant. The Company intends to grant additional RSUs representing 20% of the base compensation of the CEO on a quarterly basis.
About Three Valley Copper
Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 95.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.
For further information:
Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com
Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
surfer44
4年前
THREE VALLEY COPPER POSTPONES INTEREST PAYMENT DUE MARCH 31, 2022
03/31/2022
TORONTO, March 31, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) confirms that its 95.1% indirectly owned subsidiary, Minera Tres Valles (“MTV”) has not made the interest payments due on March 31, 2022, to its senior secured lenders (the “Lenders”) as required pursuant to the terms of the amended loan facility. Certain loan principal repayments in 2022 have been deferred pursuant to an undertaking entered into between the Company and the Lenders on November 21, 2021.
As previously disclosed, the Company and MTV are in negotiations with the Lenders to find a longer-term solution to the financing requirements of MTV. A successful solution will enable MTV to continue operations and complete the ramp up of production of the Papomono mine over the upcoming twelve months. If approvals from the respective parties are not obtained and longer-term funding not provided, it is expected that MTV will not have sufficient funds to operate beyond April 2022.
As a result of the current financial situation of MTV, certain defaults of the senior secured debt facility have occurred and are continuing. While the Lenders have not provided a notice thereof to MTV, they have expressly reserved their rights.
The Company and MTV continue to preserve their cash resources during negotiations with the Lenders and other creditors and thank all stakeholders for their continued support and patience.
About Three Valley Copper
Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 95.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.
surfer44
4年前
Bad news.
Three Valley Copper Suspends Mining Operations and Provides Strategic Review Update
Mon, January 24, 2022, 2:25 PM
TORONTO, Jan. 24, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) provides a corporate and operating update on its 95.1% owned Minera Tres Valles (“MTV”) property near Salamanca, Region de Coquimbo, Chile.
Operations Update
Don Gabriel
The underperformance of Don Gabriel, MTV’s open pit operation and primary source of ore for 2021 and 2022, has continued. The Company’s previous belief was that this underperformance was temporary in nature, but Don Gabriel has unfortunately continued to deliver less ore tonnes at lower grades than forecasted. This shortfall has called into question the future economics of the Don Gabriel open pit and the immediate impact to MTV is materially lower current and forecasted cash inflows and revenues resulting in a deteriorating liquidity position.
MTV has prudently decided to temporarily suspend operations and has undertaken to demobilize its contractors and place Don Gabriel into care and maintenance until management and the technical teams have completed their analysis of Don Gabriel and alternatives to the current mine plan.
Papomono
The initial construction of the Papomono block caving mine has been completed and has reached the stage where the caving operation can commence. This timetable is consistent with what has been reported previously and construction costs are in line with forecasted costs. However, MTV has chosen to temporarily halt the start of the block caving operation as the expected cash flows are not sufficient to fully support the ramp-up of Papomono during 2022. Increasing production input costs and the continued underperformance of its open pit operations at Don Gabriel has significantly impacted MTV’s ability to generate the necessary cash flows to fund the planned ramp-up of the Papomono underground mine. MTV’s management and technical teams have concluded that in the absence of taking this action, there would be a significant risk that Papomono would be destabilized if the caving operation was to start without MTV having the funds to continue its orderly ramp-up of production.
Operating Guidance
The Company is now retracting its revised preliminary operating outlook for 2022 and 2023.
The Company’s revised operating guidance for 2021 was to produce between 4,500 and 5,500 tonnes of copper cathodes. Actual production for 2021 was slightly lower than guidance at 4,209 tonnes which represents less than 25% of MTV’s overall copper cathode production capacity.
To further preserve liquidity, MTV has also temporarily suspended its exploration program, and suspended certain sustaining and expansion capital expenditures. Notwithstanding these actions, based on MTV’s current cash flow forecast, MTV will require additional financing in the next several months. Three Valley Copper currently maintains working capital of approximately US$7 million separate from MTV but this is not sufficient to finance the expected funding gap at MTV and fund the Company’s ongoing corporate requirements. Three Valley Copper is reviewing its alternatives while preserving its cash resources.
The cessation of mining activities at MTV may result in one or more events of default under the amended and restated senior secured lending facility. The Company and MTV are currently in discussions with MTV’s senior secured lenders and copper cathode offtake provider to determine if a continuing successful partnership can be maintained through, inter alia, bridge loan financing, additional debt financing, forgiveness or conversion of debt, waivers of operating and other covenants, deferrals of or renegotiation of repayment terms and/or renegotiation of the fixed price portion of the offtake agreement. The Company and MTV are also exploring MTV’s ability to renegotiate the Judicial Reorganization Agreement (“JRA”) executed in August 2020. At this time there can be no assurance that any agreement can be reached with the senior secured lenders and/or offtake provider or that a renegotiation of the JRA is possible, and the Company will continue to report on the progress of such discussions.
Strategic Review Process
The Strategic Review Process has not yet resulted in any binding offers being received by the Company. Discussions remain ongoing but there can be no assurance that such discussions will result in any type of transaction, what the value of any transaction might be, what the terms or timing of such a transaction might be or that the Company will be able to continue as a going concern if no transaction is concluded.
At this time, the Company does not expect the Strategic Review Process to result in an imminent transaction that would provide meaningful value for holders of Three Valley Copper’s equity securities (including securities convertible into or exercisable for equity securities). As a result, holders of Three Valley Copper’s equity securities are cautioned that trading in such securities is highly speculative.
The Company will provide updates when further disclosure is required or otherwise appropriate.
About Three Valley Copper
Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 95.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.
surfer44
5年前
SRHI Inc. Announces Approval for Name Change to Three Valley Copper, Ticker Symbol Changes, Updated Website and Corporate Presentation and Virtual Roadshow
TORONTO, June 21, 2021 (TSXV: SRHI) SRHI Inc. (“SRHI” or the “Company”) is pleased to announce that, further to its news release dated June 3, 2021, the TSX Venture Exchange has approved its proposed name change to “Three Valley Copper Corp.”. The Company expects that its common shares and warrants will begin trading on the TSX Venture Exchange under the new name and new symbols, “TVC” and “TVC.WT”, respectively, on or about June 22, 2021. Until that date the Company’s common shares and warrants continue to trade under their current trading symbols “SRHI” and “SRHI.WT”, respectively.
In conjunction with the renaming of the Company, SRHI is excited to announce the launching of its new corporate website www.threevalleycopper.com on Tuesday, June 22, 2021 and an updated corporate presentation which will be available on the website which we encourage stakeholders to visit and read.
“We are pleased to announce a rebranding of the Company that reflects its transformation,” said Michael Staresinic, President and CEO of Three Valley Copper. “We want our Company name and symbol to clearly reflect our business and its deep roots in Chile.”
As part of the Company’s communication strategy to stakeholders, it has engaged Adelaide Capital Markets Inc. to manage its social media outreach initiatives which the Company believes is an important medium for communicating to various stakeholders.
In addition, the Company has engaged Renmark Financial Communications Inc. (“Renmark”) to assist in communicating with investors and will be presenting at the following upcoming Renmark virtual roadshows.
Investors interested in participating in this event will need to register using the link below. Registration for the live event will be limited but access to the replay after the event will be on the Company’s website.
Monday, June 28 12:00PM EDT – Toronto and Surrounding Areas
Tuesday, July 6 12:00PM MDT – Calgary and Surrounding Areas
Thursday, July 8 12:00PM EDT – Montreal and Surrounding Areas
Tuesday, July 13 1:00PM PDT – Vancouver and Surrounding Areas
Register here: https://www.renmarkfinancial.com/events
SRHI Inc. is committed to delivering long-term shareholder value while incorporating environmental and socially responsible best practices in its operations which helps build strong community relationships and benefits while minimizing the impacts to the environment.
Completion of the name change is subject to the receipt of all required regulatory approvals.
About SRHI Inc.
SRHI, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 90.3% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this news release contain forward-looking information (collectively referred to herein as the "Forward-Looking Statements") within the meaning of applicable Canadian securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify Forward-Looking Statements. In particular, but without limiting the foregoing, this news release contains Forward-Looking Statements pertaining to the completion and timing of the Company’s proposed name change.
Although SRHI believes that the Forward-Looking Statements are reasonable, they are not guarantees of future results, performance or achievements. Although the Company believes that the expectations and assumptions on which such Forward-Looking Statements and information are based are reasonable, undue reliance should not be placed on the Forward-Looking Statements and information as the Company cannot give any assurance that they will prove to be correct. Since Forward-Looking Statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results, performance or achievements could vary materially from those expressed or implied by the Forward-Looking Statements should assumptions underlying the Forward-Looking Statements prove incorrect or should one or more risks or other factors materialize. Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive. Other risk factors that could affect the Company's operations or financial results are included in the Company's Annual Information Form dated March 3, 2021 and may be accessed through the SEDAR website (www.sedar.com). The forward-looking statements and information contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
You should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, the Company is under no obligation and does not undertake to update this information at any particular time, except as required by law.
For further information:
Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com
Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
Source: SRHI Inc.