Three Valley Copper Corp. Announces Extension of Loan Agreement

Core Viewpoint - Three Valley Copper Corp. has extended the maturity date of its secured convertible promissory note to July 24, 2026, allowing for continued financial support to Selma House LLC [1][3]. Group 1: Loan Details - The company provided a loan of up to USD 1,000,000 to Selma, which was initially due on July 24, 2024, and later extended to July 24, 2025 [2]. - As of now, Selma has drawn down a total of USD 800,000 against the promissory note [4]. Group 2: Terms of the Promissory Note - The promissory note carries an interest rate of 10% per annum, calculated monthly, and is secured against all assets of Selma, primarily consisting of real estate assets and receivables [3]. - The company has the right to convert the outstanding principal amount into a 47.2% ownership interest in Selma at any time [3]. Group 3: Regulatory Considerations - The transaction is classified as an Arm's Length Transaction, with no non-arm's length parties having any interest in Selma [5].