Aleksandar

CALGARY, April 8, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX:CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”) for a 12-month period commencing April 13, 2022.

The renewed NCIB will follow the current NCIB, which ends on April 12, 2022 and under which Crown purchased 170,156 shares at a volume-weighted average price per share of $6.87 up to April 8, 2022.

Under the terms of the renewed NCIB, Crown will have the right to purchase up to 280,000 of its common shares (the “Shares”) representing approximately 10% of the public float and approximately 5.0% of the 5,642,546 issued and outstanding Shares as at March 31, 2022. The number of Shares that can be purchased pursuant to the renewed NCIB is subject to a daily maximum of 1,000 Shares, which is the greater of 1,000 and 25% of the average daily trading volume for the Shares on the TSX for the six months ended March 31, 2022. Shares purchased by the Corporation pursuant to the renewed NCIB will be cancelled. Purchases made pursuant to the renewed NCIB will be made in the open market through the facilities of the TSX and alternative trading systems, if eligible. The renewed NCIB will commence on April 13, 2022 and remain in effect until the earlier of April 12, 2023, the termination of the renewed NCIB by Crown, and Crown purchasing the maximum number of Shares permitted under the renewed NCIB.

In conjunction with the renewal of the NCIB, Crown has entered into a renewed automatic share purchase plan (“ASPP”) with a designated broker to allow for the purchase of Shares under the renewed NCIB at times when Crown would ordinarily not be permitted to purchase Shares due to regulatory restrictions or customary self-imposed trading black-out periods.

Pursuant to the ASPP, before the commencement of any particular trading black-out period, Crown may, but is not required to, instruct the designated broker to make purchases under the renewed NCIB in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters established by Crown prior to the trading black-out period in accordance with the terms of the ASPP and applicable TSX rules. The ASPP has been pre-cleared by the TSX and will be implemented effective April 13, 2022.

Outside of the pre-determined trading black-out periods, Shares may be purchased under the renewed NCIB based on the discretion of Crown’s management, in compliance with TSX rules and applicable securities laws. All purchases made under the ASPP will be included in computing the number of Shares purchased under the renewed NCIB.

In the opinion of the Corporation’s board of directors and senior management, the renewed NCIB provides Crown with the flexibility to utilize its capital to acquire Shares from time to time under the appropriate circumstances. At December 31, 2021, Crown’s total equity per basic common share was $9.74.

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown is a leading specialty finance company currently operating mainly in the telecommunications infrastructure and distributed power markets. We focus on alternative asset classes that require a specialized capital partner, and we aim to create long-term value by acting as both a manager of investment funds for institutional partners and as a direct investor in operating businesses serving these markets. For additional information, please visit crowncapital.ca.

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 future purchases of Shares. 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. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. 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.

CALGARY, April 26, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced it will host a conference call to discuss its 2022 first quarter financial results on May 11, 2022 at 8:30 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer.

Q1 2022 CONFERENCE CALL

DATE:                                      Wednesday, May 11, 2022

TIME:                                       8:30 a.m. EST

DIAL IN NUMBER:                (647) 794-4605 or (888) 254-3590

CONFERENCE ID:                  2836624

REPLAY:                                 (647) 794-4605 or (888) 203-1112 (playback code: 2836624)

Available until midnight (EST) May 18, 2022

WEBCAST:                              The audio webcast can be accessed at www.crowncapital.ca under

Investor Relations or at: Crown Capital Q1 2022 Conference Call

ABOUT CROWN CAPITAL PARTNERS (TSX: CRWN)

Founded in 2000, Crown is a leading specialty finance company that provides growth capital to a diversified group of successful mid-market companies that are seeking alternatives to banks and private equity funds. Crown provides customized solutions in the form of loans, royalties, and other structures with minimal or no ownership dilution. In addition to deploying capital as a principal investor, Crown develops, manages and co-invests in alternative investment funds, including Crown Partners Fund and Crown Capital Power Fund.

For further information, please contact:

Craig Armitage

Investor Relations

craig.armitage@crowncapital.ca

(416) 347-8954

CALGARY, April 8, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX:CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”) for a 12-month period commencing April 13, 2022.

The renewed NCIB will follow the current NCIB, which ends on April 12, 2022 and under which Crown purchased 170,156 shares at a volume-weighted average price per share of $6.87 up to April 8, 2022.

Under the terms of the renewed NCIB, Crown will have the right to purchase up to 280,000 of its common shares (the “Shares”) representing approximately 10% of the public float and approximately 5.0% of the 5,642,546 issued and outstanding Shares as at March 31, 2022. The number of Shares that can be purchased pursuant to the renewed NCIB is subject to a daily maximum of 1,000 Shares, which is the greater of 1,000 and 25% of the average daily trading volume for the Shares on the TSX for the six months ended March 31, 2022. Shares purchased by the Corporation pursuant to the renewed NCIB will be cancelled. Purchases made pursuant to the renewed NCIB will be made in the open market through the facilities of the TSX and alternative trading systems, if eligible. The renewed NCIB will commence on April 13, 2022 and remain in effect until the earlier of April 12, 2023, the termination of the renewed NCIB by Crown, and Crown purchasing the maximum number of Shares permitted under the renewed NCIB.

In conjunction with the renewal of the NCIB, Crown has entered into a renewed automatic share purchase plan (“ASPP”) with a designated broker to allow for the purchase of Shares under the renewed NCIB at times when Crown would ordinarily not be permitted to purchase Shares due to regulatory restrictions or customary self-imposed trading black-out periods.

Pursuant to the ASPP, before the commencement of any particular trading black-out period, Crown may, but is not required to, instruct the designated broker to make purchases under the renewed NCIB in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters established by Crown prior to the trading black-out period in accordance with the terms of the ASPP and applicable TSX rules. The ASPP has been pre-cleared by the TSX and will be implemented effective April 13, 2022.

Outside of the pre-determined trading black-out periods, Shares may be purchased under the renewed NCIB based on the discretion of Crown’s management, in compliance with TSX rules and applicable securities laws. All purchases made under the ASPP will be included in computing the number of Shares purchased under the renewed NCIB.

In the opinion of the Corporation’s board of directors and senior management, the renewed NCIB provides Crown with the flexibility to utilize its capital to acquire Shares from time to time under the appropriate circumstances. At December 31, 2021, Crown’s total equity per basic common share was $9.74.

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown is a leading specialty finance company currently operating mainly in the telecommunications infrastructure and distributed power markets. We focus on alternative asset classes that require a specialized capital partner, and we aim to create long-term value by acting as both a manager of investment funds for institutional partners and as a direct investor in operating businesses serving these markets. For additional information, please visit crowncapital.ca.

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 future purchases of Shares. 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. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. 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.

CALGARY, March 8, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the final results of its substantial issuer bid to purchase for cancellation up to 1,330,000 of its outstanding common shares (“Shares”) at a price of $7.50 per Share (the “Purchase Price”) from shareholders for an aggregate purchase price not to exceed $9,975,000 (the “Offer”). The Offer expired at 5:00 p.m. Eastern time on March 7, 2022.

In total, 1,983,655 Shares were tendered to the Offering. In accordance with the terms and conditions of the Offer, the Corporation has taken up and paid for 1,330,000 Shares at the Purchase Price, for an aggregate cost of $9,975,000, excluding fees and expenses relating to the Offer. As the Offer was oversubscribed, other than odd lot shareholders of the Corporation who will be fully redeemed, shareholders of the Corporation will be redeemed approximately 67% of their tendered amount.

The Shares purchased for cancellation under the Offer represent approximately 18.8% of the Shares issued and outstanding before giving effect to the Offer. After giving effect to the Offer, 5,763,102 Shares remain outstanding.

The Corporation has made payment for the Shares tendered and accepted for purchase by tendering the aggregate purchase price to TSX Trust Company, the depositary for the Offer (the “Depositary”), in accordance with the Offer and applicable laws and payment to the shareholders will be effected by the Depositary. Payment for Shares will be made in cash, without interest. Any Shares invalidly tendered or tendered and not purchased will be returned to the tendering shareholder promptly by the Depositary.

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a leading specialty finance company currently operating in the alternative corporate finance, distributed power and telecommunications infrastructure markets. We focus on alternative asset classes that require a specialized capital partner, and we aim to create long-term value by acting as both a manager of investment funds for institutional partners and as a direct investor in operating businesses serving these markets. For additional information, please visit crowncapital.ca.

For further information, please contact:

Craig Armitage

Investor Relations

craig.armitage@crowncapital.ca

(416) 347-8954

CALGARY, February 24, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced it will host a conference call to discuss its 2021 fourth quarter and full-year financial results on Friday, March 11, 2022, at 10:00 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer.

Q4 2021 CONFERENCE CALL

DATE:                                      Friday, March 11, 2022

TIME:                                       10:00 a.m. EST

DIAL IN NUMBER:                (647) 794-4605 or (888) 204-4368

CONFERENCE ID:                 3439134

REPLAY:                                 (647) 436-0148 or (888) 203-1112 (playback code: 3439134)

Available until midnight (EST) March 18, 2022

WEBCAST:                              The audio webcast can be accessed at www.crowncapital.ca under

Investor Relations or at: https://bit.ly/3LrOVUa

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a leading specialty finance company currently operating mainly in the telecommunications infrastructure and distributed power markets. We focus on alternative asset classes that require a specialized capital partner, and we aim to create long-term value by acting as both a manager of investment funds for institutional partners and as a direct investor in operating businesses serving these markets. For additional information, please visit crowncapital.ca.

For further information, please contact:

Craig Armitage

Investor Relations

craig.armitage@crowncapital.ca

(416) 347-8954

CALGARY, January 24, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its intention to commence a substantial issuer bid (the “Offer”) pursuant to which the Corporation will offer to purchase for cancellation up to 1,330,000 of its outstanding common shares (the “Shares”) at a purchase price of $7.50 per Share in cash (the “Purchase Price”). The Corporation will fund the Offer using cash on hand and available credit facilities.

The closing price of the Shares on the Toronto Stock Exchange (the “TSX”) on January 21, 2022, the last full trading day prior to the Corporation’s announcement of its intention to make the Offer, was $7.02.

The board of directors of the Corporation (the “Board”) believes that the recent trading price of the Shares is not fully reflective of their intrinsic value based on the value of Crown’s assets and its business and future prospects. The Board also believes there is currently substantial interest from shareholders of the Corporation (“Shareholders”) for the Offer given that the substantial issuer bid completed by Crown in December 2021 was significantly oversubscribed. Accordingly, the Board believes that the Offer is a prudent use of the Corporation’s financial resources given the Corporation’s business profile and assets, the current market price of the Shares and the Corporation’s cash requirements. The Corporation’s directors and officers do not have a present intention to tender any Shares pursuant to the Offer.

The Purchase Price represents a 2.28% premium over the 30-day volume weighted average closing price of the Shares on the TSX for the period ending on January 21, 2022, and a 6.84% premium over the closing price of the Shares on the TSX on January 21, 2022, the last full trading day prior to the Corporation’s announcement of its intention to make this Offer. The number of Shares subject to the Offer represents approximately 18.75% of the total number of Shares outstanding.

Details of the Offer, including instructions for tendering Shares to the Offer and the factors considered by the Board making its decision to approve the Offer, will be included in the formal offer to purchase and issuer bid circular and other related documents (the “Offer Documents”), which are expected to be mailed to shareholders, filed with applicable Canadian Securities Administrators and made available free of charge on or about January 28, 2022 on SEDAR at www.sedar.com and on the Corporation’s website at https://crowncapital.ca/. Shareholders should carefully read the Offer Documents prior to making a decision with respect to the Offer. The Offer will not be conditional on any minimum number of Shares being tendered but will be subject to various other conditions that are typical for a transaction of this nature.

The Offer will expire at 5 p.m. Eastern time on March 7, 2022, unless terminated or extended by the Corporation. If more than 1,330,000 Shares are properly tendered to the Offer, the Corporation will take-up and pay for the tendered Shares on a pro-rata basis according to the number of Shares tendered, except that “odd lot” tenders (of holders beneficially owning fewer than 100 Shares) will not be subject to pro-ration. Assuming that 1,330,000 Shares are purchased pursuant to the Offer, the aggregate purchase price pursuant to the Offer will be $9,975,000.

The Board has obtained a valuation (the “Valuation”) from Evans & Evans, Inc. to the effect that, based on and subject to the assumptions and limitations stated in such opinion, as of September 30, 2021, the fair market value per Share falls within the range of $7.69 to $7.95 per Share. A copy of the Valuation will be included in the Offer Documents.

The Board has authorized the making of the Offer. However, the Board is not making any recommendation to any Shareholders as to whether to tender or refrain from tendering their Shares under the Offer. Shareholders are strongly urged to consult their own financial, tax and legal advisors and to make their own decisions whether to tender or to refrain from tendering their Shares to the Offer and, if so, how many Shares to tender.

The Corporation completed a substantial issuer bid on December 22, 2021, pursuant to which the Corporation purchased 1,333,333 Shares from tendering shareholders for cancellation at a price of $7.50 per Share for aggregate purchase price of $9,999,997.50.

The Corporation completed a substantial issuer bid on July 27, 2021, pursuant to which the Corporation purchased 599,854 Shares from tendering shareholders for cancellation at a price of $5.50 per Share for aggregate purchase price of $3,079,197.

The Corporation was authorized by the TSX to purchase up to 600,000 Shares pursuant to a normal course issuer bid (the “NCIB”) that commenced on April 13, 2021 and expires on April 12, 2022. Since April 13, 2021, the Corporation has purchased 49,600 Shares through the NCIB. There will be no further purchases of Shares under the NCIB until after the expiry of the Offer or date of termination of the Offer. Under the Corporation’s prior normal course issuer bid that commenced on April 13, 2020 and expired on April 12, 2021, the Corporation purchased a total of 393,930 Shares at a volume-weighted average price of $4.09 for cancellation thereunder.

Any questions or requests for information may be directed to TSX Trust Company, as the depositary for the Offer, as follows:

North American Toll Free: 1-866-600-5869
Telephone: 416-342-1091
Facsimile: 416-361-0470
E-Mail: TMXEInvestorServices@tmx.com

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a leading specialty finance company currently operating mainly in the telecommunications infrastructure and distributed power markets. We focus on alternative asset classes that require a specialized capital partner, and we aim to create long-term value by acting as both a manager of investment funds for institutional partners and as a direct investor in operating businesses serving these markets. For additional information, please visit crowncapital.ca.

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 commencement of the Offer. 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. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the Board. 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:
Craig Armitage
Investor Relations
craig.armitage@crowncapital.ca
(416) 347-8954

TORONTO, December 23, 2021 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX:CRWN), a capital partner to entrepreneurs and growth businesses, today announced the final results of its “modified Dutch auction” substantial issuer bid to purchase for cancellation up to $10,000,000 in value of its outstanding common shares (“Shares”) from shareholders for cash (the “Offer”). The Offer expired at 5:00 p.m. Eastern time on December 22, 2021.

In total, 2,599,183 shares were tendered at prices ranging from $6.50 per Share to $7.50 per Share. In accordance with the terms and conditions of the Offer, the Corporation will take up and pay for 1,333,333 Shares at a purchase price of $7.50 per Share, for an aggregate cost of $10,000,000, excluding fees and expenses relating to the Offer. As the Offer was oversubscribed, other than Odd Lot Shareholders who will be fully redeemed, Shareholders will be redeemed approximately 51% of their tendered amount.

The Shares purchased for cancellation under the Offer represent approximately 15.8% of the Shares issued and outstanding before giving effect to the Offer. After giving effect to the Offer, 7,093,102 Shares remain outstanding.

The Corporation will make payment for the Shares tendered and accepted for purchase by tendering the aggregate purchase price to TSX Trust Company, the depositary for the Offer (the “Depositary”), in accordance with the Offer and applicable laws and payment to the shareholders will be effected by the Depositary. Payment for Shares will be made in cash, without interest. Any Shares invalidly tendered or tendered and not purchased will be returned to the tendering shareholder promptly by the Depositary.

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a leading specialty finance company currently operating in the alternative corporate finance, distributed power and telecommunications infrastructure markets. We focus on alternative asset classes that require a specialized capital partner, and we aim to create long-term value by acting as both a manager of investment funds for institutional partners and as a direct investor in operating businesses serving these markets. For additional information, please visit crowncapital.ca.

For further information, please contact:
Craig Armitage
Investor Relations
craig.armitage@crowncapital.ca
(416) 347-8954

TORONTO, December 20, 2021 – Crown Capital Partners Inc. (“Crown”) (TSX: CRWN) today announced that Crown Capital Partner Funding, LP (“Crown Partners Fund”), an investment fund of which it owns an effective interest of approximately 28%, has received the repayment by Data Communications Management Corporation (“DCM”) of the remaining $11.0 million outstanding under its term loan. This follows DCM’s partial repayment in November 2021.

Headquartered in Brampton, Ontario, DCM is the largest integrated business communications solutions provider in Canada, with clients in key verticals such as financial services, retail, healthcare, lottery and gaming, not-for-profit, and energy. Crown Partners Fund received aggregate proceeds of approximately $11.5
million, including the repayment of the remaining loan principal plus accrued fees, expenses and interest. The realized Gross IRR on Crown Partners Fund’s aggregate investment was 13.8%, which excludes the warrants in DCM that continue to be held by the fund.

About Crown Capital Partners (TSX:CRWN)
Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a leading specialty finance company operating mainly in the distributed power and telecommunications infrastructure markets. We focus on alternative asset classes that require a specialized capital partner, and we aim to create long-term value by acting as both a manager of investment funds for institutional partners and as a direct investor in operating businesses serving these markets. For additional information, please visit crowncapital.ca.

For further information, please contact:
Craig Armitage
Investor Relations
craig.armitage@crowncapital.ca
(416) 347-8954

NOVEMBER 22, 2021 / GLOBAL MINING NEWS — For nearly 30 years, Galaxy Broadband has provided Canadian companies with enterprise satellite broadband and terrestrial wireless connectivity services.

The company “is one of Canada’s largest telecommunications companies, and has positioned itself as a single source for remote communications, high-speed internet, VoIP [Voice over Internet Protocol], and networking solutions,” says Rick Hodgkinson, Galaxy Broadband’s president and CEO. “

In today’s world, good connectivity to the internet is critical for any business,” he said. “Mining companies typically operate in remote areas where few, if any, terrestrial connectivity options
exist. These operations can benefit greatly from efficiency gains delivered by new software and systems only made possible through good connectivity.”

Hodgkinson added that Galaxy Broadband has been working with the Canadian mining industry for over ten years, providing “reliable, affordable, and innovative enterprise communications to remote locations where no fibre optic or microwave coverage exists.”

For example, it has worked with Karora Resources (TSX: KRR; US-OTC: KRRGF), then called Royal Nickel Corp., deploying its Smart Site solution to provide a more reliable satellite link and improved bandwidth control for Karora’s remote mining camp at Salluit in northern Quebec, as well as a VoIP service connecting the company’s offices in Ontario and Quebec. It has also installed its SCOUT technology — a satellite dish with a VoIP phone router and wireless access point — at Agnico Eagle Mines’ (TSX: AEM; NYSE: AEM) Amaruq project in Nunavut.

OneWeb will have a new 688 LEO satellite constellation providing transformational internet connections to mines everywhere in Canada and around the world.

Galaxy Broadband recently partnered with OneWeb, a U.K.-headquartered global communications network powered by a constellation of 688 low Earth orbit (LEO) satellites, to provide the next generation of telecommunications technology for mining companies. The system is scheduled for launch by the end of the year and will be accessible to miners with operations in Canada’s far north, and then globally in 2022.

According to Hodgkinson, the OneWeb system will help to address the high latency in data transfer, one of the biggest challenges facing mining companies when running software over current satellite links. “Whereas traditional satellites orbit at around 37,000 kilometres, OneWeb LEO satellites orbit at altitudes as low as 1,200 km, which provides a much lower level of latency when transmitting data.”

The OneWeb system “will be a transformational service, made possible by recent advances in technology,” he added, “with latencies of less than 70 milliseconds and high-speed downloads of up to 150 megabits per second.” This would allow remote mining operations with limited connectivity to operate with software and applications currently only available to operations with good connectivity.

“The system will open the door to enhanced enterprise resource planning, which touches all aspects of the mine such as procurement, health and safety, and accounting, as well as increased automation at the mine site, with faster connectivity allowing for more operations to be undertaken remotely, reducing the costs of moving staff back and forth between remote locations,” Hodgkinson said.

The improved connectivity will also allow mining companies to deploy video applications that would help them meet their Environmental, Social, and Governance (ESG) objectives, he noted.

“With the increasing focus on ESG, the ability to share live video feeds with investors from a remote mine is a pretty powerful tool to demonstrate a company’s ESG credentials,” he said. “We’ve also had discussions with companies around sharing their internet access with local communities, which is becoming an increasingly valuable commodity for these communities.”

Hodgkinson noted that the partnership with OneWeb allows Galaxy Broadband “to provide even better support for mining companies, including increased security for their employees and assets, improved data protection, and along with our Smart Site solution, private wireless networks that will enable the Internet of Things applications and enhanced connectivity across mine sites.”. TNM

—The preceding Joint-Venture Article is
PROMOTED CONTENT sponsored by GALAXY
BROADBAND and produced in cooperation with
The Northern Miner.

Source: https://www.northernminer.com/joint-venture-article/jv-article-galaxy-broadband-partner[…]l-satellite-communications-to-mining-companies/1003836506/

 CALGARY, November 9, 2021 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced its intention to commence a substantial issuer bid (the “Offer”) pursuant to which the Corporation will offer to purchase for cancellation up to $10,000,000 in value of its outstanding common shares (the “Shares”). The Offer will proceed by way of a “modified Dutch auction” procedure with a tender price range from $6.50 to $7.50 per Share. 

The Offer will be conducted through a “modified Dutch auction” procedure. Shareholders who wish to participate in the Offer will be able to do so through: (i) auction tenders in which they will specify the number of Shares being tendered at a price of not less than $6.50 and not more than $7.50 per Share in increments of $0.10 per Share, or (ii) purchase price tenders in which they will not specify a price per Share, but rather will agree to have a specified number of Shares purchased at the purchase price to be determined by auction tenders. Shareholders who validly deposit Shares without specifying the method in which they are tendering their Shares will be deemed to have made a purchase price tender. The Corporation’s directors and officers do not have a present intention to tender any Shares pursuant to the Offer. 

The tender price range represents a 3.83% premium to 19.81% premium over the 30-day volume weighted average closing price of the Shares on the TSX for the period ending on November 8, 2021, and a 3.67% premium to 19.61% premium over the closing price of the Shares on the TSX on November 8, 2021, the last full trading day prior to the Corporation’s announcement of its intention to make this Offer. The number of Shares subject to the Offer represents approximately 15.82% to 18.26% of the total number of Shares outstanding. 

The closing price of the Shares on the Toronto Stock Exchange (the “TSX”) on November 8, 2021, the last full trading day prior to the Corporation’s announcement of its intention to make the Offer, was $6.27. 

The board of directors of the Corporation (the “Board”) believes that the recent trading price of the Shares is not fully reflective of their intrinsic value based on the value of Crown’s assets and its business and future prospects. Accordingly, the Board believes that the Offer is a prudent use of the Corporation’s financial resources given the Corporation’s business profile and assets, the current market price of the Shares and the Corporation’s cash requirements. The Board also believes that there is currently interest from shareholders of the Corporation (“Shareholders”) for improved liquidity in respect of the Shares and that the Offer will provide Shareholders with the option to access liquidity. The Offer provides Crown with the opportunity to return up to $10 million of capital to Shareholders who elect to tender while at the same time increasing the proportionate Share ownership of Shareholders who elect not to tender. 

Details of the Offer, including instructions for tendering Shares to the Offer and the factors considered by the Board making its decision to approve the Offer, will be included in the formal offer to purchase and issuer bid circular and other related documents (the “Offer Documents”), which are expected to be mailed to shareholders, filed with applicable Canadian Securities Administrators and made available free of charge on or about November 16, 2021 on SEDAR at www.sedar.com and on the Corporation’s website at https://crowncapital.ca/. Shareholders should carefully read the Offer Documents prior to making a decision with respect to the Offer. The Offer will not be conditional on any minimum number of Shares being tendered but will be subject to various other conditions that are typical for a transaction of this nature. 

The Offer will expire at 5 p.m. Eastern time on December 22, 2021, unless terminated or extended by the Corporation. Upon expiry of the Offer, the Corporation will determine the lowest purchase price (which will be not less than $6.50 per Share and not more than $7.50 per Share) that will allow it to purchase the maximum number of Shares properly tendered to the Offer, and not properly withdrawn, having an aggregate purchase price not exceeding $10,000,000. 

If Shares with an aggregate purchase price of more than $10,000,000 are properly tendered to the Offer, the Corporation will take-up and pay for the tendered Shares on a pro-rata basis according to the number of Shares tendered, except that “odd lot” tenders (of holders beneficially owning fewer than 100 Shares) will not be subject to pro-ration. In that case, all Shares tendered at or below the finally determined purchase price will be purchased, subject to pro-ration, at the same purchase price determined pursuant to the terms of the Offer. Shares that are tendered but not purchased, including Shares tendered pursuant to auction tenders at prices above the purchase price, will be returned to shareholders. 

The Board has obtained a valuation (the “Valuation”) from Evans & Evans, Inc. to the effect that, based on and subject to the assumptions and limitations stated in such opinion, as of September 30, 2021, the fair market value per Share falls within the range of $7.69 to $7.95 per Share. A copy of the Valuation will be included in the Offer Documents. 

The Board has authorized the making of the Offer. However, the Board is not making any recommendation to any Shareholders as to whether to tender or refrain from tendering their Shares under the Offer. Shareholders are strongly urged to consult their own financial, tax and legal advisors and to make their own decisions whether to tender or to refrain from tendering their Shares to the Offer and, if so, how many Shares to tender. 

The Corporation completed a substantial issuer bid on July 27, 2021, pursuant to which the Corporation purchased 599,854 Shares from tendering shareholders for cancellation at a price of $5.50 per Share for aggregate purchase price of $3,079,197. 

The Corporation was authorized by the TSX to purchase up to 600,000 Shares pursuant to a normal course issuer bid (the “NCIB”) that commenced on April 13, 2021 and expires on April 12, 2022. Since April 13, 2021, the Corporation has purchased 49,600 Shares through the NCIB. There will be no further purchases of Shares under the NCIB until after the expiry of the Offer or date of termination of the Offer. Under the Corporation’s prior normal course issuer bid that commenced on April 13, 2020 and expired on April 12, 2021, the Corporation purchased a total of 393,930 Shares at a volume-weighted average price of $4.09 for cancellation thereunder. 

Any questions or requests for information may be directed to TSX Trust Company, as the depositary for the Offer, as follows: 

North American Toll Free: 1-866-600-5869 

Telephone: 416-342-1091 

Facsimile: 416-361-0470 

E-Mail: TMXEInvestorServices@tmx.com 

About Crown Capital Partners (TSX:CRWN) 

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a leading specialty finance company operating mainly in the distributed power and telecommunications infrastructure markets. We focus on alternative asset classes that require a specialized capital partner, and we aim to create long-

term value by acting as both a manager of investment funds for institutional partners and as a direct investor in operating businesses serving these markets. For additional information, please visit crowncapital.ca. 

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 commencement of the Offer. 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. In addition, Crown’s dividend policy will be reviewed from time to time in the context of the Corporation’s earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. 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:

Craig Armitage

Investor Relations

craig.armitage@crowncapital.ca

(416) 347-8954