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Crown Capital Announces Issuance of Management Cease Trade Order

CALGARY, ALBERTA, July 2, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) announces that, further to its press release dated June 26, 2026, the Alberta Securities Commission (the “ASC”), as its primary regulator, has officially issued a Management Cease Trade Order (“MCTO”) in respect of the Corporation’s Chief Executive Officer and Chief Financial Officer.

The MCTO was issued on June 30, 2026 under National Policy 12-203 Management Cease Trade Orders (“NP 12-203”) following the Corporation’s application due to 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”), which were required to be filed by June 29, 2026.

The MCTO restricts the Chief Executive Officer and Chief Financial Officer of the Corporation from trading in the Corporation’s securities for as long as the Annual Financial Filings remain outstanding. The issuance of the MCTO does not affect the ability of other shareholders to trade in the Corporation’s public securities.

The Corporation’s management confirm that it is working expeditiously to complete the Annual Financial Filings and currently estimates that they will be filed on or about August 31, 2026.

The Corporation intends to satisfy the provisions of the alternative information guidelines set out in NP 12-203, including the requirement to issue bi-weekly default status reports in the form of further press releases, until the Annual Financial Filings are completed. The Corporation confirms that there are no material changes or other specified defaults that have not been generally disclosed.

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

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Crown Capital Announces Issuance of Management Cease Trade Order2026-07-06T11:21:56-04:00

Crown Capital Announces Anticipated Delay in Annual Filings and Application for Management Cease Trade Order

REVISED VERSION

Editor’s Note: This press release revises the version issued on June 17, 2026 to include certain other required information, including additional comments re: the expected date of filing the Corporation’s Annual Financial Filings.

Crown Capital Announces Anticipated Delay in Annual Filings and Application for Management Cease Trade Order

CALGARY, ALBERTA, June 26, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) announces today that as a result of delays to its audit, the Company’s 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”), are not expected to be finalized by June 29, 2026, being the date that such filings are due under National Instrument 51-102 – Continuous Disclosure Obligations. The Corporation currently estimates that the Annual Financial Filings will be filed on or about August 31, 2026.

Reason for the Delay

The expected delay is due to the late appointment of an independent auditor to succeed KPMG LLP, which resigned as auditor of Crown at the request of the Corporation effective October 14, 2025.  Effective June 16, 2026, a successor auditor has been engaged to perform an audit of Crown’s consolidated financial statements for the 15-month period ended March 31, 2026.

The Corporation and its independent auditors are working diligently and cooperatively to complete the audit as rapidly as possible. The successor auditor anticipates a filing date of August 31, 2026 based on its budget for the number of hours required to complete the audit and their current staffing availability. The Corporation has dedicated staff available to assist the auditors throughout the audit process and does not anticipate any delays in providing them with required information on a timely basis.

Application for a Management Cease Trade Order

In light of the anticipated delay, the Corporation has applied to its principal regulator, the Alberta Securities Commission (the “ASC”), for a Management Cease Trade Order (“MCTO”) under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”). The granting of the MCTO is at the discretion of the ASC and there can be no guarantee or assurance that the MCTO will be granted.

If granted, the MCTO will restrict trading in the Corporation’s securities by the Chief Executive Officer and the Chief Financial Officer of the Company. The issuance of an MCTO will generally not affect the ability of the general public to trade the securities of the Corporation on the Toronto Stock Exchange.

If the application is denied, the Corporation’s failure to file the Annual Financial Filings by the Filing Deadline could result in the issuance of a general public Cease Trade Order (CTO) by the ASC, which would halt all trading of the Corporation’s securities.

Alternative Information Guidelines

The Corporation confirms that it intends to satisfy the provisions of the “alternative information guidelines” set out in Section 10 of NP 12-203. This includes issuing bi-weekly status update news releases every 14 days following the default until the Annual Financial Filings are successfully filed.

The Corporation further confirms that it is not involved in any insolvency proceedings and that there is no material information concerning the affairs of the Corporation that has not been generally disclosed other than in respect of a management information circular containing (i) details of matters to be discussed at an upcoming meeting of the holders of its outstanding 12% Senior Secured Debentures and (ii) details of its agreement to sell its shares of Galaxy Broadband Communications Inc. to Calian Group Ltd., as announced in the Corporation’s press release issued on June 25, 2026 and which Crown expects to file and mail in the coming days.

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, satisfaction of the Corporation’s reporting requirements as set out in Section 10 of NP 12-203, the issuance of an MCTO or a CTO to the Corporation and the expected timing of the filing and mailing of a management information circular. 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

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Crown Capital Announces Anticipated Delay in Annual Filings and Application for Management Cease Trade Order2026-06-27T02:49:20-04:00

Crown Capital Announces Agreement to Sell Galaxy Broadband Communications to Calian

CALGARY, ALBERTA, June 25, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that it has entered into a share purchase agreement (the “Galaxy Transaction”) to sell all of the issued and outstanding shares of its subsidiary, Galaxy Broadband Communications Inc. (“Galaxy”), to Calian Group Ltd. (TSX: CGY) (“Calian”). Galaxy is a Canadian leader in satellite communications and remote connectivity solutions. Completion of the Galaxy Transaction is subject to the satisfaction of certain conditions, including the approval of the holders of Crown’s outstanding 12% Senior Secured Debentures (TSX: CRWN.NT) (the “Debentureholders”), as described below.

Transaction Terms

Under the terms of the share purchase agreement, total consideration payable to Crown and its subsidiaries is up to $51.5 million, comprised of:

  • $24.0 million payable in cash at closing, subject to a 1 year, 10% holdback to deal with post closing adjustments if any; and
  • up to an additional $27.5 million in consideration payable over the three years following closing subject to the financial performance of Galaxy.

The Galaxy Transaction is expected to close in August 2026, subject to the satisfaction or waiver of customary closing conditions and the approval of Crown’s Debentureholders. There can be no assurance that the Galaxy Transaction will be completed on the terms described herein, or at all.

About Galaxy Broadband

Founded by Rick Hodgkinson, one of Canada’s satellite pioneers, Galaxy Broadband delivers secure and resilient communications and connectivity solutions to government, defense, critical infrastructure and remote community customers across Canada. Galaxy is a recognized provider of low Earth orbit (LEO) satellite, private wireless and multi-orbit connectivity solutions, supporting organizations operating in some of Canada’s most remote and challenging environments, including Northern Canada.

Management Commentary

“The sale of Galaxy Broadband to Calian represents an important step in our previously announced strategy to realize value from Crown’s assets and strengthen the Corporation’s financial position,” said Chris Johnson, President and Chief Executive Officer of Crown. “Calian is a strong, well-capitalized acquirer whose space and defense focus is an excellent fit for Galaxy’s team, customers and capabilities. We believe this transaction delivers a compelling outcome for our stakeholders, and we look forward to seeking the support of our Debentureholders as we move toward completion.”

Debentureholder Approval and Meeting

Completion of the Galaxy Transaction is conditional upon, among other things, the approval of Crown’s Debentureholders. Crown intends to seek that approval at a meeting of Debentureholders (the “Meeting”) to be called for that purpose.

In connection with the Meeting, Crown intends to prepare and file a management information circular (the “Circular”) containing details of the Galaxy Transaction and the matters to be considered at the Meeting. Crown expects to file and mail the Circular in the coming days, with the Meeting expected to be held by the end of August 2026. Further details regarding the Meeting, including the record date and voting procedures, will be set out in the Circular and accompanying materials when they are made available. This news release does not constitute a solicitation of any vote or approval.

Use of Proceeds

Crown intends to apply the net proceeds of the Galaxy Transaction to the repayment of its senior credit facility and senior subordinated debentures, to pay the interest which was due on December 31, 2025 on its Debentures, and to fund other obligations of the Corporation. The additional consideration payable in future years, together with activities to maximize the value of remaining assets, is expected to provide liquidity to satisfy other obligations of the Corporation and to realize value for shareholders.

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 expected timing and completion of the Galaxy Transaction, the receipt of Debentureholder approval, regulatory and other approvals, the timing for filing and mailing of the Circular and holding of the Meeting, the amount and timing of consideration to be received, the use of proceeds, and the Corporation’s strategy, liquidity and restructuring objectives. 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

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Crown Capital Announces Agreement to Sell Galaxy Broadband Communications to Calian2026-06-27T02:47:24-04:00

Crown Capital Announces Closing of Go Direct Sale Transaction

CALGARY, ALBERTA, May 14 , 2026 – As previously disclosed, on April 6, 2026, Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) entered into an agreement to sell the assets and business of its wholly-owned subsidiary, Go Direct Global Inc. (“Go Direct”) to an employee-led group, subject to certain conditions (the “GD Transaction”).

We are pleased to report that the GD Transaction closed effective today, May 14, 2026. Total consideration to be received by Crown and its subsidiaries in relation to the GD Transaction is $10.0 million, subject to customary closing adjustments, including $7.5 million of cash received at closing plus $2.5 million to be received over the subsequent 25 months.

Of the cash proceeds received at closing from the GD Transaction, $7.3 million was applied as partial repayment of Crown’s senior secured credit facility, including payment of the installment due on March 31, 2026. With this repayment, Crown has complied with the terms of the forbearance agreement signed on April 6, 2026 in respect of its senior secured credit facility and is no longer in default under this facility. Following this partial loan repayment, the remaining balance outstanding on this credit facility is approximately $8.7 million.

The assets and business of Go Direct were sold to a private company controlled by Chris Johnson, President, CEO and director of Crown, and co-owned by other members of the senior management team of Go Direct. There was no change in the issued and outstanding securities of the Corporation as a result of the GD Transaction. To the knowledge of the officers and directors of Crown, there are no prior valuations in respect of Crown that relate to Go Direct or that are otherwise relevant to the GD Transaction.

The GD Transaction is a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as the sale was to insiders of Crown. Crown is exempt from the requirement to obtain a formal valuation for the GD Transaction and to obtain minority approval for the GD Transaction due to the fact that Crown is in “financial hardship” as contemplated by Section 5.5(g) of MI 61-101. Specifically, (i) Crown is in serious financial difficulty, (ii) the GD Transaction is designed to improve Crown’s financial position, (iii) Crown has one or more independent directors in respect of the GD Transaction, and (iv) Crown’s board of directors, acting in good faith, determined that the terms of the GD Transaction are reasonable given Crown’s current circumstances.

Four of the five directors of Crown (i.e., directors other than Mr. Johnson) are independent of the GD Transaction. Mr. Johnson did not participate in the decision to approve the GD Transaction on behalf of the Corporation. In reviewing the proposed transaction, the independent directors considered the valuation of the purchase offer relative to comparable transactions and to the Corporation’s investment in Go Direct and undertook negotiations that achieved a superior result for Crown than had originally been offered by the buying group. The independent directors unanimously concluded that the GD Transaction is in the best interests of the Corporation and that it is a timely and important step to augment its liquidity and to reduce its outstanding senior indebtedness.

The material change report with respect to the GD Transaction is being filed concurrently with this press release. The material change report was not filed less than 21 days prior to the closing of the GD Transaction because the closing of the GD Transaction was not sufficiently certain to constitute a “material change” in the affairs of Crown until today.

Crown continues to advance the sale of other assets with anticipated closing dates in 2026. Progress towards binding agreements and details of closing will be announced as such information becomes available. There is no assurance that such transactions will be consummated in the form agreed to, or at all.

Following completion of these sales, Crown will continue to own significant assets. The board of directors of Crown has charged management with developing a restructuring plan which will reduce corporate overhead and permit value maximization of the remaining assets. The priority is to generate funds to satisfy the debt obligations of the Corporation and then to maximize value available to shareholders. Details of such plan will be made available when approved.

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 closing of divestiture transactions, the repayment of debt, the use of proceeds from divestitures and the development of corporate restructuring plans. 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

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Crown Capital Announces Closing of Go Direct Sale Transaction2026-05-19T14:40:43-04:00

Crown Capital Announces Progress in Addressing Liquidity Issues

CALGARY, ALBERTA, April 7, 2026 – As previously disclosed, Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) has commenced steps to augment its liquidity and to reduce its outstanding senior indebtedness. We are pleased to provide stakeholders with an update on progress to this point:

  • On March 11, 2026, Crown completed the sale of a real estate asset in London, Ontario held by PenEquity Realty Corporation, an investment accounted for as an associate, netting proceeds of $3.4 million, against a nil carrying value.
  • Crown has entered into an agreement to sell the assets and business of its subsidiary Go Direct Global Inc. to an employee-led group with an expected closing date in April 2026. Anticipated proceeds from this sale, subject to customary closing adjustments, are $10.0 million, payable as to $7.5 million on closing and the remainder over the subsequent 25 months. The completion of the sale remains subject to a number of conditions and there can be no assurance that the sale will close on the foregoing terms or at all. If completed, the sale will be a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as the sale will be to insiders of Crown. Due to the fact that Crown is experiencing financial hardship, as defined in Section 5.5(g) of MI 61-101, Crown is exempt from the requirement to obtain a formal valuation with respect to the sale and to obtain minority approval for the sale in accordance with the requirements of MI 61-101.
  • Crown continues to advance the sale of other assets with anticipated closing dates in Q2 2026. Progress towards binding agreements and details of closing will be announced as such information becomes available. There is no assurance that such transactions will be consummated in the form agreed to, or at all.

Proceeds from the above-noted transactions will be used firstly to repay Crown’s senior secured credit facility, including the installment due on March 31, 2026, and thereafter to meet corporate obligations. Following the anticipated installment payment, the remaining balance outstanding on Crown’s senior secured credit facility would be approximately $7.2 million.

The terms of Crown’s senior secured credit facility include a requirement to repay an aggregate principal amount of at least $10.0 million on or before March 31, 2026, of which $3.2 million has been repaid to date. In order to provide Crown with additional time to make the required principal repayment, effective as of today’s date, Crown and its senior lender have entered a forbearance agreement through which the senior lender has agreed to forbear from exercising its rights and remedies in respect of Crown’s senior secured credit facility until April 30, 2026.

Following completion of these sales, Crown will continue to own significant assets. The board of directors of Crown has charged management with developing a restructuring plan which will reduce corporate overhead and permit value maximization of the remaining assets. Details of such plan will be made available when approved.

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 closing of divestiture transactions, the repayment of debt, the use of proceeds from divestitures and the development of corporate restructuring plans. 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

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Crown Capital Announces Progress in Addressing Liquidity Issues2026-04-08T18:25:09-04:00

Crown Capital Partners Announces Q4 2025 Financial Results

CALGARY, February 17, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and twelve months ended December 31, 2025. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedarplus.ca.

Q4 2025 Financial & Operating Overview

  • Crown recognized net income of $1.7 million ($0.29 income per basic share) in Q4 2025 compared to a net loss of $(10.9) million ($1.95 loss per basic share) in Q4 2024.
  • Adjusted EBITDAi was $7.8 million in Q4 2025 compared to $0.4 million in Q4 2024 due primarily to increased earnings from the Network Services, Distribution Services and Real Estate segments and a decrease in expenses of the Corporate and Other segment, partially offset decreased earnings from Distributed Power.
  • Distribution services revenue was $12.3 million in Q4 2025 compared to $10.2 million in Q4 2024, an increase of 20.5% due primarily to an improved customer mix particularly in the Columbus warehouse as well as increased capacity utilization, primarily in the Calgary and Reno warehouses, which was 80% at December 31, 2025 (December 30, 2024 – 62%). This segment reported income before income taxes of $0.5 million (2024 – $1.9 million) and Adjusted EBITDAi of $0.9 million (2024 – $0.8 million), with Adjusted EBITDA remaining consistent year-over-year.
  • Network services revenue was $21.3 million in Q4 2025 compared to $6.6 million in Q4 2024, an increase of 223.9% attributable to a year-over-year increase in revenues due to a significant growth in hardware sales in Galaxy and modest increases from Community Network Partners in respect of revenues from the high speed internet infrastructure project in Brooks, Alberta and the Ontario Connects: Accelerated High-Speed Internet Program (the “Ontario Connects Program”), partially offset by a decrease in revenues from the continued runoff of customer contracts in WireIE. This segment reported income before income taxes of $5.7 million (2024 – loss before income taxes $(1.7) million) and Adjusted EBITDAi of $7.0 million (2024 – $0.1 million).
  • Real Estate segment revenue was $1.3 million in Q4 2025 compared to $1.0 million in Q4 2024, an increase of 30.0% year-over-year due primarily to increased leasing activity during the quarter. This segment recorded a loss before income taxes of $(0.4) million (2024 – $(7.2) million) and Adjusted EBITDAi of $0.3 million (2024 – $(0.1) million).
  • The Specialty Finance and Distributed Power segments had minimal impact on the financial results for the three months ended December 31, 2025 and 2024.
  • Total equity at quarter-end decreased to $5.2 million from $8.6 million at the end of 2024 due primarily to a net loss attributable to shareholders of $(3.9) million. Total equity per share decreased to $0.87 per basic share from $1.53 per basic share as at December 31, 2024.
  • On October 1, 2025, the Corporation acquired, through its subsidiary PenEquity Inc., 100% of the common shares of PenEquity Realty Corporation (“PRC”) for nominal consideration, which owns a parcel of land and a building in London, Ontario through its wholly owned subsidiaries, Goal Ventures Inc. and Goal Ventures (Southwest) Inc. The Corporation has significant influence but not control over PRC. Consequently, PRC is recognized as an investment in associate accounted for using the equity method.
  • As of February 17, 2026, the Corporation had not paid the scheduled interest payment of $3.2 million due on December 31, 2025 in respect of the 12% subordinated debentures (“Debentures”). Since January 30, 2026, this has constituted an event of default under the terms of the trust indenture that governs the Debentures. Accordingly, the holders of the Debentures, subject to certain conditions, are contractually entitled to request immediate repayment of the outstanding balance of $23.2 million, including principal and interest, but have not requested immediate repayment.
  • As of February 17, 2026, the Corporation had not paid the scheduled interest payment of $0.1 million due on December 31, 2025 in respect of the 10% redeemable secured subordinated debentures (“New Subordinated Debentures”). This constitutes an event of default, but the holders of the New Subordinated Debentures have not requested immediate repayment.
  • The Corporation is in advanced stages of disposing of several assets to address its liquidity requirements; however, there is no assurance that such arrangements will become available.
  • In November 2025, the Corporation changed its financial year-end from December 31 to March 31. The change in financial year-end was made to improve the Corporation’s financial and operational efficiencies and to align with the availability of audit services. Crown’s current financial year will end on March 31, 2026 and will include five calendar quarters.

Q4 2025 Financial Results Summary

Quarterly reconciliations of loss before income taxes to Adjusted EBITDAi

Reconciliations of income (loss) before income taxes to Adjusted EBITDAi by operating segment

i Adjusted EBITDA is not a measure of financial performance (nor does it have a standardized meaning) under IFRS. In evaluating this measure, investors should consider that the methodology applied in calculating these measures might differ among companies and analysts. The Corporation has provided a reconciliation of loss before income taxes attributable to Shareholders to Adjusted EBITDA in this news release. Amounts in respect of non-controlling interests are excluded in the calculation of Adjusted EBITDA. We believe that Adjusted EBITDA is a useful supplemental measure in the context of Crown’s operations to assist investors in assessing the performance of our business as it provides a more relevant picture of operating results by facilitating a comparison of our performance on a consistent basis from period-to-period and provides a more complete understanding of factors and trends affecting our business. Adjusted EBITDA should not be considered as the sole measure of Crown’s performance and should not be considered in isolation from, or as a substitute for, analysis of the Corporation’s financial statements.

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a capital partner to entrepreneurs and growth businesses mainly operating in the telecommunications infrastructure, distribution services, and distributed power markets. We focus on growth industries that require a specialized capital partner, and we aim to create long-term value by acting as both a direct investor in operating businesses serving these markets and as a manager of investment funds for institutional partners. 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 distribution services market, the network services market and the general economy, Crown’s business plans and strategy, including anticipated investment dispositions and capital deployments and the timing thereof, anticipated refinancing activity and Crown’s future earnings. 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, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Partners Announces Q4 2025 Financial Results2026-02-19T12:12:42-05:00

Crown Capital Announces Deferral of Interest Payment to Debenture Holders

CALGARY, ALBERTA, December 22, 2025 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that it is deferring the scheduled interest payment of $3.2 million due on December 31, 2025 (the “Interest Payment”) in respect of the 11% secured subordinated debentures of the Corporation (the “Debentures”) for the interest accrued on the Debentures from June 30, 2024 up to, but excluding, December 31, 2025.  There are $20.0 million principal amount of Debentures issued and outstanding and they mature on December 31, 2026. The Debentures trade on the Toronto Stock Exchange under the symbol “CRWN.NT”.

Due to current liquidity constraints as well as to constraints imposed by Crown’s senior secured credit facility (the “Crown Credit Facility”), in respect of which approximately $17.1 million was outstanding as of December 22, 2025, the Corporation will not be in position to fund the Interest Payment on December 31, 2025.

The Corporation anticipates funding its payment obligations in respect of the both the Crown Credit Facility and the Interest Payment primarily with proceeds from the disposition of assets.  In light of obligations maturing in the next 12 months, Crown is currently in advanced negotiations with prospective acquirors in respect of the sale of several of its businesses and assets. If completed, these dispositions would provide sufficient liquidity to repay the Crown Credit Facility.

Although action has been taken to accelerate the realization of proceeds from dispositions, there is no assurance that such efforts will be successful, will be achieved on a timely basis, or will raise sufficient funds to satisfy the Corporation’s payment obligations in respect of the Crown Credit Facility and the Interest Payment.

The terms of the trust indenture that governs the Debentures provides that non-payment of this interest will not constitute an event of default in respect of the Debentures until 30 days has elapsed beyond the scheduled interest payment date without payment having been made.  While the Corporation is attempting to restore sufficient liquidity to support the funding of the Interest Payment before the applicable cure period ends on January 30, 2025, there is no assurance that such funding will be achieved by this date.

Effective December 31, 2025, the interest rate on the Debentures will increase from 11% per annum to 12% per annum.

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a capital partner to entrepreneurs and growth businesses mainly operating in the telecommunications infrastructure, distribution services, and distributed power markets. We focus on growth industries that require a specialized capital partner, and we aim to create long-term value by acting as both a direct investor in operating businesses serving these markets and as a manager of investment funds for institutional partners. 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 Corporation’s ability to achieve sufficient liquidity to fund repayment of the Crown Credit Facility and interest payments in respect of the Debentures within a specified time frame. 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, please contact:

Michael Overvelde

Chief Financial Officer

michael.overvelde@crowncapital.ca

(416) 640-6887

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Crown Capital Announces Deferral of Interest Payment to Debenture Holders2025-12-25T02:47:21-05:00

Crown Capital Partners Announces Q3 2025 Financial Results and Change in Financial Year-End

CALGARY, November 7, 2025 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and nine months ended September 30, 2025. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedarplus.ca.

Q3 2025 Financial & Operating Overview

  • Crown recognized a net loss of $(0.3) million ($0.05 loss per basic share) in Q3 2025 compared to a net loss of $(2.7) million ($0.49 loss per basic share) in Q3 2024.
  • Adjusted EBITDAi was $3.9 million in Q3 2025 compared to $0.9 million in Q3 2024 due primarily to increased earnings from the Network Services, Distribution Services, Distributed Power and Real Estate segments, partially offset by an increase in expenses of the Corporate and Other segment.
  • Distribution services revenue was $11.4 million in Q3 2025 compared to $9.1 million in Q3 2024, an increase of 25.0%. This segment reported net income before income taxes of $0.9 million (2024 – net loss before income taxes $(0.1) million) and Adjusted EBITDAi of $0.9 million (2024 – $0.6 million), with the year-over-year increase due primarily to an improved customer mix particularly in the Columbus warehouse as well as increased capacity utilization, primarily in the Calgary and Reno warehouses, which was 73% at September 30, 2025 (September 30, 2024 – 62%).
  • Network services revenue was $10.1 million in Q3 2025 compared to $7.0 million in Q3 2024, an increase of 45.2% attributable to a year-over-year increase in revenues due to additional hardware sales in Galaxy and modest increases from Community Network Partners in respect of revenues from the high speed internet infrastructure project in Brooks, Alberta and the Ontario Connects: Accelerated High-Speed Internet Program (the “Ontario Connects Program”), partially offset by a decrease in revenues from the continued runoff of customer contracts in WireIE. This segment reported net income before income taxes of $1.9 million (2024 – net loss before income taxes $(0.5) million) and Adjusted EBITDAi of $3.0 million (2024 – $0.4 million).
  • Real Estate segment revenue was $1.2 million in Q3 2025 compared to $1.1 million in Q3 2024, an increase of 11.4% year-over-year due primarily to increased leasing activity during the quarter. This segment recorded a net loss before income taxes of $(0.3) million (2024 – $(0.2) million) and Adjusted EBITDAi of $0.2 million (2024 – $(0.1) million).
  • The Specialty Finance and Distributed Power segments had minimal impact on the financial results for the three months ended September 30, 2025 and 2024.
  • Total equity at quarter-end decreased to $3.5 million from $8.6 million at the end of 2024 due primarily to a net loss attributable to shareholders of $(5.6) million. Total equity per share decreased to $0.58 per basic share from $1.53 per basic share as at December 31, 2024.

Change in Financial Year-End

The Corporation also announces that it is changing its financial year-end from December 31 to March 31. The change in financial year-end has been made to improve the Corporation’s financial and operational efficiencies and to align with the availability of audit services. Crown’s current financial year will end on March 31, 2026 and will include five calendar quarters.

Further details regarding the change in financial year-end, including the Corporation’s ending dates of its financial reporting periods, its interim and annual financial statements to be filed for the Corporation’s transition year and its new financial year, will be available in the Corporation’s Notice of Change in Year-End prepared in accordance with Section 4.8 of National Instrument 51-102, and filed on the Corporation’s SEDAR profile at www.sedarplus.ca.

Crown also announces that its auditor, KPMG LLP, has resigned effective October 14, 2025. The appointment of a new auditor is currently under review by the Corporation.

Q3 2025 Financial Results Summary

i Adjusted EBITDA is not a measure of financial performance (nor does it have a standardized meaning) under IFRS. In evaluating this measure, investors should consider that the methodology applied in calculating these measures might differ among companies and analysts. The Corporation has provided a reconciliation of loss before income taxes attributable to Shareholders to Adjusted EBITDA in this news release. Amounts in respect of non-controlling interests are excluded in the calculation of Adjusted EBITDA. We believe that Adjusted EBITDA is a useful supplemental measure in the context of Crown’s operations to assist investors in assessing the performance of our business as it provides a more relevant picture of operating results by facilitating a comparison of our performance on a consistent basis from period-to-period and provides a more complete understanding of factors and trends affecting our business. Adjusted EBITDA should not be considered as the sole measure of Crown’s performance and should not be considered in isolation from, or as a substitute for, analysis of the Corporation’s financial statements.

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a capital partner to entrepreneurs and growth businesses mainly operating in the telecommunications infrastructure, distribution services, and distributed power markets. We focus on growth industries that require a specialized capital partner, and we aim to create long-term value by acting as both a direct investor in operating businesses serving these markets and as a manager of investment funds for institutional partners. 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 distribution services market, the network services market and the general economy, Crown’s business plans and strategy, including anticipated investment dispositions and capital deployments and the timing thereof, anticipated refinancing activity and Crown’s future earnings. 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, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Partners Announces Q3 2025 Financial Results and Change in Financial Year-End2025-11-08T02:16:17-05:00

Crown Capital Partners Announces Q2 2025 Financial Results

CALGARY, August 8, 2025 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and six months ended June 30, 2025. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedarplus.ca.

Q2 2025 Financial & Operating Overview

• Crown recognized a net loss of $(3.5) million ($0.62 loss per basic share) in Q2 2025 compared to a net loss of $(15.2) million ($2.71 loss per basic share) in Q2 2024.

• Adjusted EBITDA1 was $1.3 million in Q2 2025 compared to $1.9 million in Q2 2024 due primarily to decreased earnings from the Distribution Services, Network Services, Real Estate and Distributed Power segments, partially offset by reduced expenses of the Corporate and Other segment.

• Distribution services revenue was $10.8 million in Q2 2025 compared to $9.4 million in Q2 2024, an increase of 15.7%. This segment reported net loss before income taxes of $0.2 million (2024 – net income before income taxes $0.3 million) and Adjusted EBITDA of $0.8 million (2024 – $1.0 million), with the year-over-year decline primarily attributable to an increase in payments of lease obligations. Capacity utilization was 62% at June 30, 2025 (June 30, 2024 – 58%).

• Network services revenue was $6.1 million in Q2 2025 compared to $5.9 million in Q2 2024, an increase of 3.4% attributable to a year-over-year increase in revenues due to additional hardware sales in Galaxy and modest increases from Community Network Partners in respect of revenues from the high speed internet infrastructure project in Brooks, Alberta and the Ontario Connects: Accelerated High-Speed Internet Program (the “Ontario Connects Program”), partially offset by a decrease in revenues from the continued runoff of customer contracts in WireIE. This segment reported a net loss before income taxes of $(0.7) million (2024 –$(0.4) million) and Adjusted EBITDA of $0.5 million (2024 – $0.5 million).

• Real Estate segment revenue was $1.0 million in Q2 2025 compared to $1.2 million in Q2 2024, a decrease of 16.6% year-over-year due primarily to reduced leasing activity during the quarter. This segment recorded a net loss before income taxes of $(1.0) million (2024 – net income before income taxes of $0.3 million) and Adjusted EBITDA of $(0.05) million (2024 – $0.4 million).

• Distributed Power revenue was $0.1 million in Q2 2025 compared to $0.4 million in Q2 2024, a decrease of 64.3% due to softer power prices in the Alberta market. This segment reported a net loss before income taxes of $(0.3) million (2024 –$0.2 million) and Adjusted EBITDA of $(0.1) million (2024 – $(0.1) million).

• The Specialty Finance segment recorded a net loss before income taxes of $(0.01) million in Q2 2025 (Q2 2024 – $(13.6) million), representing Crown’s share of earnings of Crown Partners Fund, and Adjusted EBITDA of $nil (2024 – $0.2 million), representing income distributions received from Crown Partners Fund.

• Total equity at quarter-end decreased to $3.8 million from $8.6 million at the end of 2024 due primarily to a net loss attributable to shareholders of $(5.3) million. Total equity per share decreased to $0.64 per basic share from $1.53 per basic share as at December 31, 2024.

Q2 2025 Financial Results Summary

Quarterly reconciliations of loss before income taxes to Adjusted EBITDA

Reconciliations of income (loss) before income taxes to Adjusted EBITDA by operating segment

1 Adjusted EBITDA is not a measure of financial performance (nor does it have a standardized meaning) under IFRS. In evaluating this measure, investors should consider that the methodology applied in calculating these measures might differ among companies and analysts. The Corporation has provided a reconciliation of loss before income taxes attributable to Shareholders to Adjusted EBITDA in this news release. Amounts in respect of non-controlling interests are excluded in the calculation of Adjusted EBITDA. We believe that Adjusted EBITDA is a useful supplemental measure in the context of Crown’s operations to assist investors in assessing the performance of our business as it provides a more relevant picture of operating results by facilitating a comparison of our performance on a consistent basis from period-to-period and provides a more complete understanding of factors and trends affecting our business. Adjusted EBITDA should not be considered as the sole measure of Crown’s performance and should not be considered in isolation from, or as a substitute for, analysis of the Corporation’s financial statements.

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a capital partner to entrepreneurs and growth businesses mainly operating in the telecommunications infrastructure, distribution services, and distributed power markets. We focus on growth industries that require a specialized capital partner, and we aim to create long-term value by acting as both a direct investor in operating businesses serving these markets and as a manager of investment funds for institutional partners. 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 distribution services market, the network services market and the general economy, Crown’s business plans and strategy, including anticipated investment dispositions and capital deployments and the timing thereof, anticipated refinancing activity and Crown’s future earnings. 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, please contact:

Michael Overvelde

Chief Financial Officer

investor.relations@crowncapital.ca

(416) 640-6887

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Crown Capital Partners Announces Q2 2025 Financial Results2025-08-11T08:38:15-04:00

Crown Capital Announces Closing of Private Placement Offering of Debentures to Insiders and Issuance of Shares to Insiders in Lieu of Cash Compensation

CALGARY, ALBERTA, June 30, 2025 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announces it has completed a non-brokered private placement offering (the “Offering”) of: (a) $1,400,000 principal amount of 10% convertible redeemable secured subordinated debentures of the Corporation due December 31, 2026 (each a “Insider Convertible Debenture”); and (b) $100,000 principal amount of 10% convertible redeemable secured subordinated debentures of the Corporation due June 30, 2026 (each a “Insider Non-Convertible Debenture” and together with the Convertible Insider Debentures, the “Insider Debentures”) to insiders of the Corporation (“Insider Debentureholders”).

On December 29, 2023, the Corporation issued $1,500,000 principal amount of 10% redeemable secured subordinated debentures of the Corporation (the “Former Insider Debentures”) to the Insider Debentureholders which were due and payable on June 30, 2025.

The Corporation was not able to raise the funds required to repay the Former Insider Debentures from external sources on terms acceptable to the Corporation. In order to address the maturity of the Former Insider Debentures on June 30, 2025, the Corporation repaid the Former Insider Debentures on maturity and then immediately issued the Insider Debentures.

The Insider Debentures bear interest at a rate of 10% per annum from the date of issue, payable in arrears semiannually on June 30 and December 31 of each year, commencing on December 31, 2025.

The principal amount of each Insider Debenture, plus all accrued and unpaid interest thereon are redeemable by the Corporation, without penalty, upon 30 days prior written notice to the Insider Debentureholders for a cash amount equal to the principal amount of the Insider Debentures plus any accrued and unpaid interest. Prior to redemption, the Insider Debentureholders that hold Insider Convertible Debentures will have the option to convert any Insider Convertible Debentures, excluding any accrued and unpaid interest that is payable in cash, at the applicable conversion price. The redemption of the Insider Debentures may not be satisfied by the Corporation issuing common shares of the Corporation (“Common Shares”).

The Insider Debentures have been granted a security interest by the Corporation by way of a charge to and in favor of the Insider Debentureholders on all the Corporation’s property and assets, subject only to permitted encumbrances. The security for the Insider Debentures ranks subordinate to the senior indebtedness of the Corporation but senior to the 11% secured subordinated debentures of the Corporation due December 31, 2026 that are listed on the TSX under the trading symbol “CRWN.NT”. The security for the Non-Convertible Insider Debentures ranks senior to the Insider Convertible Debentures.

In connection with the Offering, the Corporation and its subsidiaries entered into an amending agreement to the credit agreement with its senior lender, Sandton Investments IX (Luxembourg) S.A.R.L. dated December 18, 2024.

Commencing on June 30, 2026, the Convertible Insider Debentures, excluding any accrued and unpaid interest payable thereon, shall be convertible, at the option of the Insider Debentureholders, into Common Shares. The price at which the Convertible Insider Debentures may be converted into Common Shares will depend on when the Convertible Insider Debentures are converted. The different conversion prices of the Insider Convertible Debentures are set forth below:

DatesConversion Price
June 30, 2026 to July 30, 2026$2.50
July 31, 2026 to August 30, 2026$2.25
August 31, 2026 to September 29, 2026$2.00
September 30, 2026 to October 30, 2026$1.75
October 31, 2026 to November 29, 2026$1.50
November 30, 2026 to December 30, 2026$1.25
December 31, 2026$1.00

Each of the following Insider Debentureholders of the Corporation participated in the Offering directly or through corporations controlled by them or through persons related to them: John Brussa, Christopher Johnson, Alan Rowe, Steven Sharpe, C. Robert Gillis and Charles Frischer. These Insider Debentureholders purchased all of the Insider Debentures sold pursuant to the Offering (the “Insider Subscriptions”). The Insider Subscriptions are considered to be a “related party transaction” for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). In accordance with MI 61-101, the Corporation is not required to obtain a formal valuation in accordance with Section 5.5(c) of MI 61-101. The Corporation obtained minority shareholder approval for the Offering and the Insider Subscriptions in accordance with MI 61-101 at a meeting of shareholders held on June 26, 2025.

The Corporation also announces today that is has completed the issuance of 305,186 Common Shares to certain insiders of the Corporation at a deemed price of $1.10 per Common Share in lieu of compensation owed to such insiders by the Corporation (the “Settlement Share Issuance”) as set forth in the management information circular of the Corporation dated May 23, 2025. The Settlement Share Issuance is considered to be a “related party transaction” for the purposes of MI 61-101. In accordance with MI 61-101, the Corporation is not required to obtain a formal valuation or minority approval of the Settlement Share Issuance in accordance with Section 5.5(c) and Section 5.7(1)(a) of MI 61-101, respectively.

In accordance with the company manual of the Toronto Stock Exchange, the Offering and Settlement Share Issuance required the approval of the disinterested shareholders of the Corporation. As previously announced by the Corporation on June 27, 2025, the issuance of the Insider Debentures and the Settlement Share Issuance were approved by the disinterested shareholders of the Corporation at the meeting of shareholders held on June 26, 2025.

All securities issued in connection with the Offering and the Settlement Share Issuance are subject to a hold period of four-months and one day in accordance with applicable securities laws.

The final closing of the Offering and the Settlement Share Issuance are each subject to receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.

About Crown Capital Partners (TSX:CRWN)

Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a capital partner to entrepreneurs and growth businesses mainly operating in the telecommunications infrastructure, distribution services, and distributed power markets. We focus on growth industries that require a specialized capital partner, and we aim to create long-term value by acting as both a direct investor in operating businesses serving these markets and as a manager of investment funds for institutional partners. 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 closing of the Offering and the use of the proceeds of the Offering. 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

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Subscribe
© 2021 Crown Capital Partners Inc.
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Crown Capital Announces Closing of Private Placement Offering of Debentures to Insiders and Issuance of Shares to Insiders in Lieu of Cash Compensation2025-07-03T12:05:23-04:00