Press Releases

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

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 [...]

Crown Capital’s Subsidiary Selected as Internet Service Provider under Ontario Connects Program

CALGARY, May 9, 2022 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that its subsidiary, Community Network Partners Inc. (“CNPI”), has been selected as an Internet Service Provider (“ISP”) under the Ontario Connects: Accelerated High Speed Internet Program.  The aim of the program is to make reliable, high-speed internet connectivity available to all premises in Ontario by the end of 2025. Under the Ontario Connects program, the Government of Ontario has committed nearly $4 billion to connect every region in Ontario to reliable, high-speed internet by the end of 2025.  This is the largest single investment [...]

Crown Capital Partners Announces Renewal of Normal Course Issuer Bid

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 [...]

Notice of Crown Capital Q1 2022 Results Conference Call

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:                            [...]

Crown Capital Partners Announces Renewal of Normal Course Issuer Bid

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 [...]

Crown Capital Announces Final Results of its Substantial Issuer Bid

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 [...]

Notice of Crown Capital Q4 2021 Results Conference Call

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 [...]

Crown Capital Announces Intention to Commence Substantial Issuer Bid

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 [...]

Crown Capital Announces Final Results of its Substantial Issuer Bid

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 [...]

Crown Capital Partners Announces Loan Repayment

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 [...]

Galaxy Broadband partners with OneWeb to deliver transformational satellite communications to mining companies

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 optionsexist. These operations can benefit [...]

Crown Capital Announces Intention to Commence Substantial Issuer Bid

 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 [...]

Notice of Crown Capital Q3 2021 Results Conference Call

CALGARY, October 21, 2021 – 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 2021 third quarter financial results on November 10, 2021 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 2021 CONFERENCE CALL DATE:                                      Wednesday, November 10, 2021TIME:                                       11:00 a.m. ESTDIAL IN NUMBER:                (647) 792-1240 or (888) 269-4260CONFERENCE ID:                  2526291REPLAY:                                 (647) 436-0148 or (888) 203-1112 (playback code: 2526291) Available until midnight (EST) November 17, 2021WEBCAST:                            [...]

Crown Capital Partners Announces Loan Repayment

TORONTO, September 13, 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 full repayment by T5 SC Oil and Gas Limited Partnership (“T5”) of its $27.0 million term loan from Crown Partners Fund, of which the first advance was completed in August 2018. T5 is a privately held, Calgary-based petroleum and natural gas company. Crown Partners Fund received aggregate proceeds of $29.75 million, including the repayment of the full loan principal plus accrued fees, [...]

Crown Capital Partners Announces Loan Repayment

TORONTO, August 23, 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 full repayment by CareRx Corporation (“CareRx”)  of its $27 million term loan. Crown Partners Fund received partial repayment of $5 million in May 2021,  followed by the recent repayment of the remaining $22 million.  CareRx is Canada's leading provider of pharmacy services to seniors living and other congregate care  communities. The term loan with Crown Partners Fund was originally completed in March [...]

Crown Capital Partners Announces Financial Results for Q2 2021

CALGARY, August 12, 2021 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced its financial results for the second quarter ended June 30, 2021. Crown’s complete financial statements and management’s discussion and analysis for the three- and six-month periods ended June 30, 2021 are available on SEDAR at www.sedar.com. Q2 2021 Financial & Operating Highlights Reported total revenue of $13.1 million, compared with $13.3 million in Q2 2020, as higher Network Services revenue was offset by lower interest revenue and a $0.8 million net loss on investments, versus a [...]

Notice of Crown Capital Q2 2021 Results Conference Call & Investor Update

CALGARY, July 29, 2021 – 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 on August 13, 2021 at 11:00 a.m. ET to discuss its 2021 second quarter results and provide an update on operations and strategy. The event will be hosted by Chris Johnson, President and Chief Executive Officer, and Michael Overvelde, Chief Financial Officer. The live webcast will include a slide presentation.Q1 2021 CONFERENCE CALLDATE: Friday, August 13, 2021TIME: 11:00 a.m. ESTDIAL IN NUMBER: (416) 764-8659 or (888) 664-6392CONFERENCE ID: 85156119REPLAY: (416) 764-8677 [...]

Crown Capital Announces Final Results of its Substantial Issuer Bid

CALGARY, July 28, 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 substantial issuer bid to purchase for cancellation up to 1,800,000 of its outstanding common shares (“Shares”) at a price of $5.50 per Share (the “Purchase Price”), for an aggregate purchase price not to exceed $9,900,000 (the “Offer”).  The Offer expired at 5:00 p.m. Eastern time on July 27, 2021.In accordance with the terms and conditions of the Offer, the Corporation has taken up and paid for 559,854 Shares at the Purchase Price, [...]

Crown Capital Announces Divestiture of a Majority Interest in its Alternative Corporate Financing Business

Accelerates Crown’s plans to redirect capital and focus on strategic initiatives  CALGARY, July 13, 2021 – Crown Capital Partners Inc. (“Crown” or the “Company”) (TSX: CRWN) today announced the closing of the divestment of a majority stake in Crown Private Credit Partners Inc (“CPCP”), its alternative corporate financing business, and a portion of its investment in Crown Partners Fund.  This transaction accelerates Crown’s plans to redirect capital toward strategic initiatives that are consistent with the Company’s objectives announced in May 2020.   Crown will focus on expanding and scaling its growth platforms in its Network Services and Distributed Power businesses as [...]

Crown Capital Announces Intention to Commence Substantial Issuer Bid

CALGARY, June 16, 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 1,800,000 of its outstanding common shares (the “Shares”) at a purchase price of $5.50 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 June 15, 2021, the last full [...]

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

CALGARY, May 12, 2021 – 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 and Special Meeting of Shareholders held on May 12, 2021. A total of 5,379,902 common shares, representing approximately 59.5% 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 [...]

Crown Capital Partners Announces Financial Results for Q1 2021

CALGARY, May 11, 2021 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced its financial results for the first quarter ended March 31, 2021. Crown’s complete financial statements and management’s discussion and analysis for the three-month period ended March 31, 2021 are available on SEDAR at www.sedar.com. Q1 2021 Financial & Operating Highlights Total revenue increased to $14.0 million, compared with $6.4 million in Q1 2020, due mainly to higher network services revenue from WireIE Inc. and Galaxy Broadband Communications (“Galaxy”), which was acquired in Q3 2020, and to [...]

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