Press Releases

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

Crown Capital Announces Approval of Amendments to Convertible Debentures and Default Waiver

CALGARY, ALBERTA, August 11, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that at a special meeting (the “Meeting”) of the holders of its 12% secured subordinated debentures (the “Debentureholders”) due December 31, 2026 (the "Debentures") held today, the Debentureholders approved an extraordinary resolution (the “Debentureholder Resolution”) that: authorized and approved the Corporation to enter into an amendment and restatement to the second amended and restated trust indenture dated October 25, 2024 (the “Indenture”) between the Corporation and TSX Trust Company (the “Debenture Trustee”) which will amend the terms of the Debentures (collectively, [...]

Crown Capital Provides Bi-Weekly MCTO Default Status Report

CALGARY, ALBERTA, August 11, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) is providing this bi-weekly default status update in accordance with the alternative information guidelines set out in National Policy 12-203 Management Cease Trade Orders (“NP 12-203”). As previously announced on June 26, 2026 (the "Default Notice"), the Corporation applied for, and was subsequently granted, a management cease trade order ("MCTO") by its principal regulator, the Alberta Securities Commission (the “ASC”). The MCTO was issued following the Corporation’s announcement that as a result of delays to its audit, it would experience a delay in [...]

Crown Capital Provides Bi-Weekly MCTO Default Status Report

CALGARY, ALBERTA, July 28, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) is providing this bi-weekly default status update in accordance with the alternative information guidelines set out in National Policy 12-203 Management Cease Trade Orders (“NP 12-203”). As previously announced on June 26, 2026 (the "Default Notice"), the Corporation applied for, and was subsequently granted, a management cease trade order ("MCTO") by its principal regulator, the Alberta Securities Commission. The MCTO was issued following the Corporation’s announcement that as a result of delays to its audit, it would experience a delay in filing its [...]

Crown Capital Provides Bi-Weekly MCTO Default Status Report

CALGARY, ALBERTA, July 14, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) is providing this bi-weekly default status update in accordance with the alternative information guidelines set out in National Policy 12-203 Management Cease Trade Orders (“NP 12-203”). As previously announced on June 26, 2026 (the "Default Notice"), the Corporation applied for, and was subsequently granted, a management cease trade order ("MCTO") by its principal regulator, the Alberta Securities Commission. The MCTO was issued following the Corporation’s announcement that as a result of delays to its audit, it would experience a delay in filing its [...]

Crown Capital Announces Proposed Debenture Amendments and Default Waiver For 12% Secured Subordinated Debentures

CALGARY, ALBERTA, July 3, 2026 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that, further to its news release dated June 25, 2026 announcing the entering into of a share purchase agreement (the “Galaxy Transaction”) to sell all of the issued and outstanding shares (the “Galaxy Shares”) of its subsidiary, Galaxy Broadband Communications Inc. to Calian Group Ltd. (TSX: CGY) (“Calian”), it will seek approval of the holders (the "Debentureholders") of the Corporation’s 12% Secured Subordinated Debentures (TSX: CRWN.NT) due December 31, 2026 (the “Debentures”) for a resolution (the “Debentureholder Resolution”) at a meeting [...]

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 [...]

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 [...]

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. [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 OverviewCrown 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 [...]

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 [...]

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 [...]

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

CALGARY, June 26, 2025 – 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 June 26, 2025.A total of 2,543,481 common shares, representing approximately 44.8% 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 WithholdElect John Brussa99.9%0.1%Elect Charles [...]

Crown Capital Partners Announces Q1 2025 Financial Results

CALGARY, May 7, 2025 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three months ended March 31, 2025. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedarplus.ca. Q1 2025 Financial & Operating Overview Crown recognized a net loss of $(1.8) million ($0.32 loss per basic share) in Q1 2025 compared to a net loss of $(0.6) million ($0.11 loss per basic share) in Q1 2024. Adjusted EBITDA1 was $1.7 million in Q1 2025 compared to $1.3 million in Q1 2024 due primarily to improved [...]

Crown Capital Partners Announces Financial Results for Q4 & Full Year 2024

CALGARY, March 31, 2025 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and twelve months ended December 31, 2024. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedarplus.ca. 2024 Financial & Operating Overview Crown recognized a net loss of $(29.4) million ($5.26 loss per basic share) in 2024 compared to a net loss of $(12.2) million ($2.16 loss per basic share) in 2023. The net loss in 2024 is inclusive of aggregate impairment charges of $9.4 million (2023 - $6.1 million) in respect [...]

Crown Capital Announces Closing of Private Placement Offering of Common Shares

CALGARY, ALBERTA, February 18, 2025 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announces that it has completed a non-brokered private placement offering (the “Offering”) of 84,000 common shares of the Corporation (“Common Shares”) at a price of $1.50 per Common Share for gross proceeds of $126,000.  The net proceeds received by the Corporation from the Offering will be used for general working capital purposes. John Brussa, an insider of the Corporation, purchased all of the Common Shares sold pursuant to the Offering (the “Insider Subscription”). The Insider Subscription is considered to be a “related [...]

Crown Capital Announces New C$15.0 Million Credit Facility

CALGARY, ALBERTA, December 18, 2024 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that it has entered an agreement for a new senior secured corporate credit facility of $15.0 million (“Credit Facility”) with Sandton Capital Solutions Master Fund VI, LP (“Sandton”), an investment fund managed by Sandton Capital Partners. This Credit Facility replaces Crown’s previous corporate credit facility with Canadian Western Bank. The Credit Facility is comprised of a non-amortizing term loan of C$15.0 million which is being advanced in full today, and from which proceeds are being used primarily to fully repay Crown’s [...]

Crown Capital Announces Record Date for Deferred Interest Payment on Debentures

CALGARY, ALBERTA, December 18, 2024 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that it has set December 30, 2024 (the “Record Date”) as the record date for determining the holders (the “Debentureholders”) of its 11% unsecured subordinated debentures due December 31, 2026 (TSX:CRWN.NT) (the “Debentures”), that will be entitled to receive the outstanding interest payment on the Debentures that was due on June 30, 2024 (the “Deferred Interest Payment”). The Deferred Interest Payment will be in the amount of $50 per $1,000 principal amount of Debentures, which represents the interest due and unpaid [...]

Crown Capital Partners Announces Q3 2024 Financial Results

CALGARY, November 12, 2024 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced its financial results for the three and nine months ended September 30, 2024. Crown’s complete financial statements and management’s discussion and analysis are available on SEDAR at www.sedarplus.ca. Q3 2024 Financial & Operating Overview Crown recognized a net loss of $(2.7) million ($0.49 loss per basic share) in Q3 2024 compared to a net loss of $(1.8) million ($0.32 loss per basic share) in Q3 2023. Adjusted EBITDA1 was $0.8 million in Q3 2024 compared to $0.4 million in Q3 2023 due [...]

Crown Capital Announces Coming into Effect of Debenture Amendments

CALGARY, ALBERTA, October 25, 2024 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that the amendments (the “Debenture Amendments”) to its 10% unsecured subordinated debentures due December 31, 2024 (the "Debentures") which were announced by Crown on October 18, 2024 have become effective today. Crown has entered into an amended and restated trust indenture dated today with TSX Trust Company governing the amended Debentures (the “Amended and Restated Indenture”). A copy of the Amended and Restated Indenture is located on the Corporation’s profile on SEDAR+ at www.sedarplus.ca.  About Crown Capital Partners (TSX:CRWN) Founded in [...]

Crown Capital Announces Approval of Amendments to Convertible Debentures and Default Waiver

CALGARY, ALBERTA, October 18, 2024 – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that at a special meeting of the holders (the “Debentureholders”) of its 10% unsecured subordinated debentures due December 31, 2024 (the "Debentures") held today, the Debentureholders approved an extraordinary resolution (the “Debentureholder Resolution”) that: authorized and approved certain amendments to the terms of the Debentures (collectively, the “Debenture Amendments”) to: (i) extend the maturity date of the Debentures from December 31, 2024 to December 31, 2026; (ii) amend the interest rate on the Debentures from 10% to 11% effective as of [...]

Crown Capital Announces Additional Amendment to Provide Security for Debentures, Mailing of Meeting Materials For Debentureholder Meeting and Encourages Debentureholders to Participate and Vote

• Any Debentureholder that votes for the Debentureholder Resolution 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 October 16, 2024, on or before 10:00 a.m. (Eastern Time). CALGARY, September 16, 2024 – Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announced that it has mailed an information circular (the "Circular") and related meeting materials (collectively, the "Meeting Materials") in connection with the upcoming special meeting of the holders (the "Debentureholders") of its 10% unsecured subordinated debentures due December 31, [...]

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