Monthly Archives: August 2026

CALGARY, ALBERTA, August 11, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that at a special meeting (the “Meeting”) of the holders of its 12% secured subordinated debentures (the “Debentureholders”) due December 31, 2026 (the “Debentures”) held today, the Debentureholders approved an extraordinary resolution (the “Debentureholder Resolution”) that:

1. authorized and approved the Corporation to enter into an amendment and restatement to the second amended and restated trust indenture dated October 25, 2024 (the “Indenture”) between the Corporation and TSX Trust Company (the “Debenture Trustee”) which will amend the terms of the Debentures (collectively, the “Debenture Amendments”) to: (i) permit the Corporation to sell all of the shares of its wholly-owned subsidiary, Galaxy Broadband Communications Inc., to Calian Group Ltd. (the “Galaxy Transaction”) free of the security interest created by the Indenture notwithstanding that such sale would be a sale of assets of the Corporation not in the ordinary course of business of the Corporation and, accordingly, not permitted under the Indenture; (ii) extend the maturity date of the Debentures from December 31, 2026 to December 31, 2027; (iii) grant the Corporation the option to further extend the maturity date of the Debentures for up to one year to December 31, 2028, provided that: (A) the Corporation pays all outstanding interest on the Debentures as at December 31, 2027; (B) the Corporation pays a fee of 0.1% of the principal amount of the Debentures to the Debentureholders for each month that the maturity date of the Debentures is extended, such fee to be paid concurrently with the interest due on the Debentures as at December 31, 2027; and (C) such option is exercised at least 30 days prior to December 31, 2027 and may only be exercised once; (iv) amend the interest payment dates from occurring annually on December 31 of each year to only at maturity or redemption of the Debentures; (v) prohibit the Corporation from paying any dividends on the common shares of the Corporation (the “Common Shares”) or acquiring any Common Shares by way of an issuer bid while any Debentures remain outstanding; (vi) eliminate the ability of the Corporation to incur Senior Indebtedness (as defined in the form of third amended and restated trust indenture (the “Amended Indenture”) attached as Appendix “B” of the management information circular dated July 8, 2026 (the “Circular”)) following the repayment of the Sandton Indebtedness (as defined in the Circular) and the redemption of the 2025 Debentures (as defined in the Circular), other than $1,000,000 of Senior Indebtedness to be used for general corporate purposes; (vii) remove the requirement that the Corporation use its best efforts to maintain the listing of the Common Shares and the Debentures on the Toronto Stock Exchange; and (viii) eliminate the ability of the Corporation to satisfy interest obligations by issuing and selling its shares through investment bankers under the Indenture; and
2. waived the default by the Corporation under the Indenture for the failure to pay the outstanding interest on the Debentures from June 30, 2024 to December 31, 2025 (the “Deferred Interest Payment”) on December 31, 2025 (the “Default Waiver”), subject to the requirement that the Corporation pay: (a) the Deferred Interest Payment; and (b) interest on the Debentures from January 1, 2026 to June 30, 2026 (the “June 2026 Interest Payment”), to Debentureholders within 30 days of the completion of the Galaxy Transaction (the “Interest Payment Deadline”).

A description of the Debentureholder Resolution is set out in the Circular available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca.

Debentureholders owning 57.805% of the outstanding Debentures voted. The detailed results of the vote were as follows:

The Debenture Amendments will become effective immediately prior to the closing of the Galaxy Transaction. Management of the Corporation anticipates that the Galaxy Transaction will close in the coming days and will issue a press release once the closing date has been set.

The Deferred Interest Payment and the June 2026 Interest Payment will be made to Debentureholders holding Debentures as of a record date to be set and announced by the Corporation in the coming weeks. No record date or payment date for the Deferred Interest Payment and the June 2026 Interest Payment has been set by the Corporation. In the event that the Deferred Interest Payment and the June 2026 Interest Payment are not made by the Interest Payment Deadline, the Default Waiver will be of no further force or effect.

FORWARD-LOOKING STATEMENTS

This news 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 in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the Debenture Amendments, the Default Waiver, the Galaxy Transaction, the Deferred Interest Payment and the June 2026 Interest Payment. 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 Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown 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:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

CALGARY, ALBERTA, August 11, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) is providing this bi-weekly default status update in accordance with the alternative information guidelines set out in National Policy 12-203 Management Cease Trade Orders (“NP 12-203”).

As previously announced on June 26, 2026 (the “Default Notice”), the Corporation applied for, and was subsequently granted, a management cease trade order (“MCTO”) by its principal regulator, the Alberta Securities Commission (the “ASC”). The MCTO was issued following the Corporation’s announcement that as a result of delays to its audit, it would experience a delay in filing its audited annual financial statements, the related management’s discussion and analysis (MD&A), the related officer certifications and the annual information form for the 15-month period ended March 31, 2026 (collectively, the “Annual Financial Filings”) by the required deadline of June 29, 2026.

The MCTO restricts the Corporation’s Chief Executive Officer and Chief Financial Officer from trading in the Corporation’s securities until the Annual Financial Filings are made but does not affect the ability of the general investing public to trade in the Corporation’s securities.

The Corporation and its independent auditors are working diligently and cooperatively to complete the audit as rapidly as possible. The expected date of filing the Annual Financial Filings has changed from the original date of on or about August 31, 2026 to on or about September 30, 2026. The change in the expected filing date is due to an increase in the scope of work required to complete the audit compared with previous expectations, as determined by the Corporation’s auditors in the planning phase of the audit after assessing all identified risks.

The Corporation has advised the ASC of this updated timeline and has requested that the MCTO remain in effect until September 30, 2026. As of the date of this announcement, the Corporation’s request is under review by the ASC and there is no certainty that it will be approved.

In accordance with the requirements of NP 12-203, the Corporation confirms that as of the date of this announcement: (i) there have been no material changes to the information previously disclosed regarding the default that have not been generally disclosed; (ii) there has been no failure by the Corporation in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines as set out in NP 12-203; (iii) there have been no other specified defaults by the Corporation under NP 12-203; (iv) the Corporation is not subject to any insolvency proceedings; and (v) there is no other material information concerning the affairs of the Corporation that has not been generally disclosed.

The Corporation will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and will issue further bi-weekly default status reports as required until the Annual Financial Filings have been completed and filed.

FORWARD-LOOKING STATEMENTS

This news 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 in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the estimated filing date of the Corporation’s Annual Financial Filings and satisfaction of the Corporation’s reporting requirements as set out in Section 10 of NP 12-203. 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 Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown 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:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887