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 filing its audited annual financial statements, the related management’s discussion and analysis (MD&A), the related officer certifications and the annual information form for the 15-month period ended March 31, 2026 (collectively, the “Annual Financial Filings”) by the required deadline of June 29, 2026. The Corporation has also been delayed in filing its unaudited consolidated financial statements, the related MD&A and the related officer certifications for the three-month period ended June 30, 2026 (collectively, the “Q1 Financial Filings”, and together with the Annual Financial Filings, the “Required Financial Filings”) by the required deadline of August 14, 2026.
The MCTO restricts the Corporation’s Chief Executive Officer and Chief Financial Officer from trading in the Corporation’s securities until the Required Financial Filings are made but does not affect the ability of the general investing public to trade in the Corporation’s securities.
The Corporation and its independent auditors are working diligently and cooperatively to complete the audit as rapidly as possible. The Corporation continues to estimate that the Required Financial Filings will be made on or about September 30, 2026. Effective September 4, 2026, the ASC approved the Corporation’s request to leave the MCTO in place until September 30, 2026.
In accordance with the requirements of NP 12-203, the Corporation confirms that as of the date of this announcement: (i) there have been no material changes to the information previously disclosed regarding the default that have not been generally disclosed; (ii) there has been no failure by the Corporation in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines as set out in NP 12-203; (iii) there have been no other specified defaults by the Corporation under NP 12-203; (iv) the Corporation is not subject to any insolvency proceedings; and (v) there is no other material information concerning the affairs of the Corporation that has not been generally disclosed.
Source : Crown Capital Partners Inc.
