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Crown Capital Announces Closing of Private Placement Offering of Common Shares
Crown Capital Announces Closing of Private Placement Offering of Common Shares Canada N...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\n Crown Capital Announces Closing of Private Placement Offering of Common Shares\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Feb. 18, 2025\n \n\n /CNW/ - 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\n \n $1.50\n \n per Common Share for gross proceeds of\n \n $126,000\n \n .  The net proceeds received by the Corporation from the Offering will be used for general working capital purposes.\n \n\n\n John Brussa\n \n , 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 party transaction\" for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). In accordance with MI 61-101, the Corporation is not required to obtain a formal valuation or minority approval of the Offering due to the fact that it may rely on an exemption to those requirements contained in MI 61-101, namely that the fair market value of the Offering is not more than 25% of the market capitalization of the Corporation.\n \n\n All securities issued in connection with the Offering are subject to a hold period of four-months and one day from the date that they were issued.\n \n\n The final closing of the Offering is subject to receipt of all necessary approvals, including the approval of the Toronto Stock Exchange.\n \n\n This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. These securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be off...