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CALGARY, AB – September 21, 2015 – Crown Capital Partners Inc. (“Crown”) (TSX: CRN) today announced the repayment by Claude Resources Inc. (TSX: CRJ; OTCQB: CLGRF) of a special situations loan managed by Crown.
Claude Resources Inc. (“Claude”) is a public gold exploration and mining company based in Saskatoon, Saskatchewan with an asset base located entirely in Canada. As part of Crown’s special situations financing program, in April 2013, Crown arranged a $25.0 million, five year, debt facility for Claude. On September 21, 2015, Claude prepaid the balance of this facility in full, including principal, interest and fees.
“Crown provided Claude with financing before the global unwind of the commodity cycle. While the price of gold is no doubt important to Claude, the success of the company is attributed to the quality of the management team and the resource in Northern Saskatchewan. Claude’s strong performance has attracted a new senior secured credit facility with a Canadian chartered bank and we wish Claude every success in the future.” says Chris Johnson, President and CEO of Crown.
Crown is a specialty finance company focused primarily on providing capital to successful Canadian companies, and to select U.S. companies, that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored transitory and permanent financing solutions to a diversified group of private and public midmarket companies in the form of loans, royalties and other structures with minimal or no ownership dilution.
For further information, please contact:
Christopher Johnson President & CEO
[email protected] (416) 640-6715
To find out more about Crown (TSX: CRN) please visit our website www.crowncapital.ca.