Press Releases

Press Releases2020-02-19T19:32:34-05:00

Crown Capital Announces Deferral of Interest Payment to Debenture Holders

CALGARY, ALBERTA, June 28, 2024 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that it is deferring the scheduled interest payment of $1.0 million due on June 30, 2024 in respect of the 10% unsecured subordinated debentures of the Corporation (the “Debentures”).  There are $20.0 million principal amount of Debentures issued and outstanding and they mature on December 31, 2024. The Debentures trade on the Toronto Stock Exchange under the symbol “CRWN.NT”. As previously announced, Crown is currently in default of its senior secured credit facility (the “Crown Credit Facility”), in respect of which approximately [...]

Crown Capital Partners Announces Q1 2024 Financial Results

CALGARY, May 15, 2024 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three months ended March 31, 2024. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedarplus.ca. Q1 2024 Financial & Operating Highlights Crown recognized a net loss of $(0.6) million ($0.11 loss per basic share) in Q1 2024 compared to a net loss of $(0.7) million ($0.13 loss per basic share) in Q1 2023. Distribution services revenue of $8.2 million in Q1 2024 compared with $8.2 million in Q4 2023. This segment [...]

Crown Capital Partners Announces Financial Results for Q4 & Full-Year 2023

CALGARY, March 25, 2024 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and 12 months ended December 31, 2023. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedarplus.ca. 2023 Financial & Operating Highlights • Crown recognized a net loss of $(12.2) million ($2.16 loss per basic share) in 2023 compared to a net loss of $(7.5) million ($1.26 loss per basic share) in 2022. The net loss in 2023 is inclusive of aggregate impairment charges of $6.1 million (2022 - $3.6 million) [...]

Crown Capital Announces Amendment to Credit Facility, Closing of Private Placement Offering of Units and Appointment of New Director

CALGARY, ALBERTA, December 29, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announces that it has entered into an agreement with Canadian Western Bank (“CWB”) which amends the terms of the Corporation’s credit facility with CWB as follows: (i) reducing the maximum amount of the Corporation’s operating loan limit from $10,000,000 to $5,000,000; (ii) providing for the operating loan limit to be calculated with the inclusion of $2,130,000 on a non-margined basis until February 29, 2024, which effectively provides $2,130,000 in additional funding to the Corporation until February 29, 2024; and (iii) grants CWB [...]

Q3 & FY2023 Financial Results

CALGARY, AB, November 9, 2023 /CNW/ – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and nine months ended September 30, 2023. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com.Q3 2023 Financial & Operating HighlightsNetwork Services revenue was $7.8 million, a $0.3 million increase from the $7.5 million in Q3 2022, with the commencement of new projects at Community Network Partners being offset by declines in the revenues of WireIE and Galaxy. The Network Services segment contributed a net loss before income taxes [...]

Q2 & FY2023 Financial Results

CALGARY, August 10, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and six months ended June 30, 2023. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com. Q2 2023 Financial & Operating Highlights Network Services revenue was $6.4 million, consistent with $6.4 million in Q2 2022, with the commencement of new projects at Community Network Partners being offset by declines in the revenues of WireIE and Galaxy. The Network Services segment contributed net income before income taxes of $0.5 million, inclusive of [...]

Notice of Crown Capital Q2 2023 Results Conference Call

CALGARY, August 1, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced it will host a conference call to discuss its 2023 second quarter financial results on August 11, 2023 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.Q2 2023 CONFERENCE CALL DATE:                                      Friday, August 11, 2023TIME:                                       10:00 a.m. ESTDIAL IN NUMBER:                (416) 764-8650 or (888) 664-6383CONFERENCE ID:                  50976765REPLAY:                                 (416) 764-8677 or (888) 390-0541 (playback code: 976765)Available until midnight (EST) August 18, 2023WEBCAST:                              The audio webcast can be accessed at www.crowncapital.ca [...]

Community Network Partners Joins Forces with YorkNet to Accelerate High-Speed Broadband Access in York Region

Toronto, July 17, 2023 – Community Network Partners Inc. (CNPI), a subsidiary of Crown Capital Partners Inc. (TSX: CRWN), is proud to announce an innovative collaboration with YTN Telecom Network Inc. (YorkNet), a corporation of The Regional Municipality of York (York Region), aimed at financing, constructing, and operating an advanced optical fibre network to provide high-speed internet in York Region. “This transformative initiative is made possible through the combined investment of CNPI and York Region, in addition to funding support provided by each of the Government of Canada and the Province of Ontario, which together represents an aggregate contribution [...]

Crown Capital Announces Coming into Effect of Amendments to Convertible Debentures

CALGARY, ALBERTA, June 30, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that the following amendments (the “Debenture Amendments”) to its 6% convertible unsecured subordinated debentures due June 30, 2023 (the "Debentures") previously announced by the Corporation on April 11, 2023, April 26, 2023 and May 16, 2023 are effective today:Extending the maturity date of the Debentures from June 30, 2023 to December 31, 2024;Amending the interest rate on the Debentures from 6% to 10%;Removing the conversion right of the holders of Debentures; andRemoving the right of the Corporation to repay the principal amount [...]

Crown Capital Announces Approval of Amendments to Convertible Debentures

CALGARY, ALBERTA, May 16, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that at a special meeting of the holders (the “Debentureholders”) of its 6% convertible unsecured subordinated debentures due June 30, 2023 (the "Debentures") held today, the Debentureholders approved an extraordinary resolution approving the previously announced amendments to the Debentures (the “Debenture Amendments”). As previously announced, the Debenture Amendments will result in the following changes to the Debentures: Extending the maturity date of the Debentures from June 30, 2023 to December 31, 2024; Amending the interest rate on the Debentures from 6% to [...]

Crown Capital Partners Announces Q1 2023 Financial Results

CALGARY, May 10, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three months ended March 31, 2023. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com. Q1 2023 Financial & Operating Highlights • Network Services revenue was $7.3 million, an increase of 10% compared with $6.6 million in Q4 2022, largely due to the commencement of new projects at Community Network Partners, offset by a decline in the revenues of WireIE. The Network Services segment contributed net income before income taxes of [...]

Notice of Crown Capital Q1 2023 Results Conference Call

CALGARY, May 3, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced it will host a conference call to discuss its 2023 first quarter financial results on May 11, 2023 at 11:30 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Q1 2023 CONFERENCE CALL DATE:                                      Thursday, May 11, 2023 TIME:                                       11:30 a.m. EST DIAL IN NUMBER:                (416) 764-8650 or (888) 664-6383 CONFERENCE ID:                  84346037 REPLAY:                                 (416) 764-8677 or (888) 390-0541 (playback code: 346037) Available until midnight (EST) May 18, 2023 WEBCAST:                              The [...]

Crown Capital Announces Mailing of Meeting Materials For Debentureholder Meeting and Encourages Debentureholders to Participate and Vote

Any Debentureholder that votes for the Debenture Amendments will receive a cash consent fee of $10 per $1,000 principal amount of Debentures held by the Debentureholder. The deadline to submit vote is May 12, 2023, on or before 10:00 a.m. (Eastern Time). Debentureholders who have questions or need assistance with voting may contact Crown Capital's strategic communications and proxy solicitation agent, Laurel Hill Advisory Group (“Laurel Hill”) by telephone at 1-877-452-7184 or by email at assistance@laurelhill.com. CALGARY, April 26, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that it has mailed an information circular and [...]

Crown Capital Announces Proposed Debenture Amendments

CALGARY, April 11, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that it will seek the approval of the holders (the "Debentureholders") of its 6% convertible unsecured subordinated debentures of the Corporation due June 30, 2023 (the "Debentures") to amend certain terms of such Debentures at a special meeting of the Debentureholders to be held at the offices of the Corporation, 33 Yonge Street, Suite 901, Toronto, ON, M5E 1G4, on May 16, 2023 at 10:00 a.m. (Eastern Time) (the “Meeting”). The proposed amendments to the Debentures (the "Debenture Amendments"), which will be voted [...]

Crown Capital Partners Announces Renewal of Normal Course Issuer Bid

CALGARY, April 11, 2023 – 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, 2023. The renewed NCIB will follow the current NCIB, which ends on April 12, 2023 and under which Crown purchased 5,000 shares at a volume-weighted average price per share of $7.83 up to April 10, 2023. Under the terms of the renewed NCIB, Crown will have the right to purchase [...]

Crown Capital Partners Announces Financial Results for Q4 & Full-Year 2022

CALGARY, March 20, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and 12 months ended December 31, 2022. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com. 2022 Financial & Operating Highlights Total revenue increased to $44.8 million, up from $42.7 million in 2021, primarily reflecting the addition of Distribution Services revenue following the acquisition of Go Direct Global in June 2022, and partially offset by substantially lower interest revenue resulting from the derecognition of Crown Partners Fund as a subsidiary in [...]

Notice of Crown Capital Q4 2022 Results Conference Call

CALGARY, March 16, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it will host a conference call to discuss its 2022 fourth quarter and full year financial results on March 21, 2023 at 11:30 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Q4 2022 CONFERENCE CALL DATE:                                      Tuesday, March 21, 2023 TIME:                                       11:30 a.m. EST DIAL IN NUMBER:                (416) 764-8650 or (888) 664-6383 CONFERENCE ID:                  44386563 REPLAY:                                 (416) 764-8677 or (888) 390-0541 [...]

Crown Capital Announces New C$43.5 million Credit Facility with Canadian Western Bank

CALGARY, February 8, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that it has entered an agreement for a new senior secured corporate credit facility of up to $43.5 million (“Credit Facility”) with Canadian Western Bank. This Credit Facility replaces Crown’s previous $23.5 million corporate credit facility. The Credit Facility includes an amortizing term loan of $30.0 million, an operating loan of up to $10.0 million with availability subject to margin condition restrictions, and a letter of credit facility of $3.5 million. The term loan matures in [...]

Crown Capital Subsidiary Galaxy Broadband Announces New OneWeb Capacity for Canada

CALGARY, February 2, 2023 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced that its operating subsidiary Galaxy Broadband Communications, Inc. (“Galaxy”), entered into a multi-year deal to deliver OneWeb’s low Earth orbit (LEO) connectivity solutions across Canada, including the northern territory of Nunavut.  The full press release on the announcement from OneWeb and Galaxy can be found here. Galaxy is an Ontario-based, satellite-focused network services company, providing connectivity to remote and underserviced enterprise customers across Canada. As one of OneWeb’s fastest growing distribution partners to date, Galaxy has [...]

Crown Capital Partners Announces Q3 2022 Financial Results

 CALGARY, November 9, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and nine months ended September 30, 2022. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com.   Q3 2022 Financial & Operating Highlights   Network Services revenue was $7.5 million in Q3 2022, compared with $7.4 million in Q3 2021, and this segment contributed net income before income taxes of $1.1 million in Q3 2022, inclusive of depreciation and amortization expense totaling $1.2 million. The year-over-year revenue increase reflects growth in the [...]

Notice of Crown Capital Q3 2022 Results Conference Call

CALGARY, October 27, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it will host a conference call to discuss its 2022 third quarter financial results on November 10, 2022 at 11:00 a.m. EST. The call will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. Q3 2022 CONFERENCE CALL DATE:                                      Thursday, November 10, 2022 TIME:                                       11:00 a.m. EST DIAL IN NUMBER:                (647) 484-0475 or (888) 882-4478 CONFERENCE ID:                  8931037 REPLAY:                                 (647) 436-0148 or (888) 203-1112 (playback code: 8931037) [...]

Crown Capital Partners Announces Q2 2022 Financial Results

CALGARY, August 11, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and six months ended June 30, 2022. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com. Q2 2022 Financial & Operating Highlights • Network Services revenue was $6.4 million in Q2 2022, compared with $6.8 million in Q2 2021, and this segment contributed net income before income taxes of $1.0 million, versus $1.7 million in Q2 2021, inclusive of depreciation and amortization expense totaling $0.9 million. The year-over-year decrease reflects [...]

Notice of Crown Capital Q2 2022 Results Conference Call

CALGARY, July 28, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it will host a conference call to discuss its 2022 second quarter financial results on August 12, 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. Q2 2022 CONFERENCE CALL DATE:                                      Friday, August 12, 2022 TIME:                                       8:30 a.m. EST DIAL IN NUMBER:                (647) 484-0475 or (888) 220-8474 CONFERENCE ID:                  1883356 REPLAY:                                 (647) 436-0148 or (888) 203-1112 (playback code: 1883356) [...]

Crown Capital Reports Voting Results from Annual and Special Meeting of Shareholders

CALGARY, May 11, 2022 – In accordance with Toronto Stock Exchange requirements, Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, announced the voting results from its Annual Meeting of Shareholders held on May 11, 2022. A total of 3,129,236 common shares, representing approximately 55.5% of the Corporation’s issued and outstanding common shares, were voted in connection with the meeting. Shareholders voted in favour of all items of business put forth. The votes for the election of directors are as follows: Motions % of Shares Voted For % of Shares Voted Withhold [...]

Crown Capital Partners Announces Q1 2022 Financial Results

CALGARY, May 10, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the first quarter ended March 31, 2022. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedar.com. Effective July 13, 2021, Crown stopped recognizing Crown Partners Fund as a subsidiary and began recognizing it as an investment in associate using the equity method. As a result, many of our asset, liability, revenue and expense balances as at and for the three months March 31, 2022 are not directly comparable to equivalent balances for [...]

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