Monthly Archives: September 2015

Crown Capital Partners Inc. Announces Closing Of A Subordinated Debt Agreement With Petrowest Corporation

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

CALGARY, AB – September 29, 2015 – Crown Capital Partners Inc. (“Crown”) (TSX: CRN) today announced the closing of a subordinated debt agreement (the “Agreement”) with Petrowest Corporation (“Petrowest”) (TSX: PRW).

The Agreement provides for a $15 million term loan to Petrowest by Crown Capital Fund IV, LP (“Crown IV LP”), an investment fund managed by Crown and in which Crown holds a 50% interest. The term loan bears a fixed interest rate of 11% per annum, compounded and payable monthly, and matures in 36 months. Petrowest has the option to prepay certain amounts within certain periods of time with or without a penalty.

Under the terms of the Agreement, Petrowest has granted to Crown IV LP 4,300,000 warrants. Each warrant entitles Crown IV LP to purchase one class A common share in the capital of Petrowest at an exercise price of $0.40 for a period of five years.

Petrowest is an Alberta corporation involved in both industrial and civil infrastructure projects, as well as pre-drilling and post-completion energy services, gravel crushing and hauling for non-energy sector customers. Petrowest’s primary operations are based in northwestern Alberta and northeastern British Columbia.

“Crown is pleased to provide Petrowest with additional financial flexibility at a time when Petrowest is poised to take advantage of increased development activity in British Columbia. Based on past experience working with Petrowest, we have great respect for Petrowest’s management and are confident in their ability to continue to grow the company” says Chris Johnson, President and CEO of Crown.

“Petrowest is excited to have completed this transaction. Crown is a proven business partner with a strong understanding of our business and the opportunities quickly approaching” says Rick Quigley, Petrowest’s Chief Executive Officer.

ABOUT CROWN

Crown is a specialty finance company focused primarily on providing capital to successful Canadian companies, and to select U.S. companies, that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored transitory and permanent financing solutions to a diversified group of private and public midmarket companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

For further information, please contact:

Christopher Johnson
President & CEO
[email protected] (416) 640-6715

To find out more about Crown (TSX: CRN) please visit our website www.crowncapital.ca.

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Crown Capital Partners Inc. Announces Closing Of A Subordinated Debt Agreement With Petrowest Corporation2020-05-12T18:07:56+00:00

Crown Capital Partners Inc. Announces Closing of Crown Capital Fund IV, LP

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

CALGARY, AB – September 24, 2015 – Crown Capital Partners Inc. (“Crown”) (TSX: CRN) today announced the closing of its fourth special situations debt fund, Crown Capital Fund IV, LP (“Crown IV LP” or the “Fund”) with initial capital commitments of $100 million. The Fund’s initial limited partners, including Crown, will contribute a total of $15 million for the initial capitalization of the Fund with further capital calls to be made as funds are required.

Crown IV LP will invest in Special Situations Financing transactions originated and managed by Crown. Crown’s Special Situations Financing solutions consist of senior and subordinated loans with terms ranging from six months to five years. These financing solutions are typically secured by the borrower client’s business and assets, subject to prior interests of any existing senior lenders in the case of subordinated loans. Special Situations Financing solutions are structured to limit ownership dilution and provide the borrower client with the ability to focus on managing and growing their business. In some transactions, Crown also structures Special Situations Financing solutions to include issuance by the borrower client of warrants, payments in kind, phantom equity or gifted shares. Such bonus features provide the Fund with the ability to participate in the growth of such clients in addition to income from interest payments and transaction fees received from the borrower client.

Crown IV LP has a maximum size of $300 million, with additional closings to occur within the next three years as opportunities are identified to fund Special Situations Financing transactions. Crown has committed to invest up to $50,000,000 to Crown IV LP and will initially hold a 50% interest in the Fund. In addition to investment returns on its capital commitment, Crown will earn management fees from Crown IV LP and have the opportunity to earn additional fees based on the performance of the Fund.

“The timing for Crown Capital Fund IV, LP couldn’t be better” says Chris Johnson, President and CEO of Crown, “We have an active pipeline of investment opportunities, many of which arise from the ongoing volatility in financial markets. We would like to thank the initial limited partners for their continued support of our business.”

ABOUT CROWN

Crown is a specialty finance company focused primarily on providing capital to successful Canadian companies, and to select U.S. companies, that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored transitory and permanent financing solutions to a diversified group of private and public midmarket companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

FORWARD-LOOKING STATEMENTS

This release contains certain “forward looking statements” and certain “forward looking information” as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “continue”, “plans” or similar terminology. Forward-looking statements include, but are not limited to, statements with respect to the initial capitalization of the Fund, the investments of Crown

IV LP in Special Situations Financing transactions and the potential structuring of such transactions, the sourcing of deals from Crown’s established network, the future capitalization of the Fund and future closings; and Crown’s future entitlement to base management and performance fees. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Corporation’s periodic filings with Canadian securities regulators. The Corporation undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

For further information, please contact:

Christopher Johnson President & CEO

[email protected]

(416) 640-6715

To find out more about Crown (TSX: CRN) please visit our website www.crowncapital.ca.

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Crown Capital Partners Inc. Announces Closing of Crown Capital Fund IV, LP2020-05-12T18:07:57+00:00

Crown Capital Partners Announces Repayment Of Loan To Claude Resources Inc.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

CALGARY, AB – September 21, 2015 – Crown Capital Partners Inc. (“Crown”) (TSX: CRN) today announced the repayment by Claude Resources Inc. (TSX: CRJ; OTCQB: CLGRF) of a special situations loan managed by Crown.

Claude Resources Inc. (“Claude”) is a public gold exploration and mining company based in Saskatoon, Saskatchewan with an asset base located entirely in Canada. As part of Crown’s special situations financing program, in April 2013, Crown arranged a $25.0 million, five year, debt facility for Claude. On September 21, 2015, Claude prepaid the balance of this facility in full, including principal, interest and fees.

“Crown provided Claude with financing before the global unwind of the commodity cycle. While the price of gold is no doubt important to Claude, the success of the company is attributed to the quality of the management team and the resource in Northern Saskatchewan. Claude’s strong performance has attracted a new senior secured credit facility with a Canadian chartered bank and we wish Claude every success in the future.” says Chris Johnson, President and CEO of Crown.

ABOUT CROWN

Crown is a specialty finance company focused primarily on providing capital to successful Canadian companies, and to select U.S. companies, that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored transitory and permanent financing solutions to a diversified group of private and public midmarket companies in the form of loans, royalties and other structures with minimal or no ownership dilution.

For further information, please contact:

Christopher Johnson President & CEO
[email protected] (416) 640-6715
To find out more about Crown (TSX: CRN) please visit our website www.crowncapital.ca.

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Crown Capital Partners Announces Repayment Of Loan To Claude Resources Inc.2020-05-12T18:07:58+00:00