Business
Three Valley Copper Corp. Announces Change of Business
Toronto, Ontario--(Newsfile Corp. - June 23, 2025) - Three Valley Copper Corp. (TSXV: TVCH) (the ...
About this update from Winchester Equity Corporation
[{"type":"text","content":"Three Valley Copper Corp. Announces Change of BusinessToronto, Ontario--(Newsfile Corp. - June 23, 2025) - Three Valley Copper Corp. (TSXV: TVCH) (the \"Company\") is pleased to announce a proposed change of business (the \"COB\") from a mining issuer to an investment issuer under Policy 5.2 - Changes of Business and Reverse Takeovers of the TSX Venture Exchange (\"TSXV\"). BackgroundAs previously disclosed in the Company's press release dated February 17, 2023, the Company's primary investment in Chile, Minera Tres Valles SpA, is in liquidation. The Company has written off the entirety of its investment in Chile and will not recoup any of its investment through the liquidation process. As a result of these events, the Company has had limited operating activity, negligible liabilities and, as at May 30, 2025 has over CDN$3,500,000 (unaudited) in cash, marketable securities described below), and short-term receivables (including a loan receivable of $USD1,000,000 described below).Given the expertise of current management, its desire to have the Company's remaining funds deployed in relatively secure investments while still offering a return on investment for shareholders, as well as management's view of the ongoing opportunities available in a rapidly changing interest rate environment, the Company's management team concluded that it is in the best interests of the Company and its shareholders for management to explore a wide range of options to optimize the deployment of the Company's cash assets.Management of the Company has determined that it is time to refocus its business towards the investment strategy initially envisioned by the Company when it listed on the Toronto Stock Exchange in 2007, which it successfully executed for over a decade.The COBThe COB contemplates a return to the Company's roots as an investor in multiple layers of the capital structure of businesses and projects including investing through debt and equity securities in private and public companies with the added benefit of potential equity participation. The Company intends to utilize this structure as a primary method to deploy its financial resources. As a result of the determination to invest its cash rather than to continue operating as a mining issuer, the Company has applied to the TSXV to change its status as a mining issuer to an investment issue...