Crown Capital Announces Anticipated Closing Date of the Galaxy Transaction and Effective Date of the Debenture Amendments
Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announced that the previously disclosed sale of all...
Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that the previously disclosed sale of all of the issued and outstanding shares of its subsidiary, Galaxy Broadband Communications Inc., to Calian Group Ltd. (TSX: CGY) (“Calian”) pursuant to a share purchase agreement dated June 25, 2026 (the “Galaxy Transaction”) is scheduled to close on August 24, 2026 (the “Anticipated Closing Date”). The Galaxy Transaction was first announced by the Corporation in a news release dated June 25, 2026.
On the Anticipated Closing Date, immediately prior to the closing of the Galaxy Transaction, the amendments (the “Debenture Amendments”) to the Corporation’s 12% secured subordinated debentures due December 31, 2026 (the “Debentures”), which were approved by the holders of the Debentures at a special meeting held on August 11, 2026, will become effective. A description of the Debenture Amendments is set forth in the news release of the Corporation dated August 11, 2026.
Source : Crown Capital Partners Inc.
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