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Crown Capital Announces Mailing of Meeting Materials For Debentureholder Meeting and Encourages Debentureholders to Participate and Vote
Crown Capital Announces Mailing of Meeting Materials For Debentureholder Meeting and Encourages D...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n \n \n \n Crown Capital Announces Mailing of Meeting Materials For Debentureholder Meeting and Encourages Debentureholders to Participate and Vote\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 Any Debentureholder that votes for the Debenture Amendments will receive a cash consent fee of\n \n $10\n \n per\n \n $1,000\n \n principal amount of Debentures held by the Debentureholder.\n \n \n \n \n \n The deadline to submit vote is\n \n \n \n \n May 12, 2023\n \n , on or before\n \n 10:00 a.m. (Eastern Time)\n \n .\n \n \n \n \n Debentureholders who have questions or need assistance with voting may contact Crown Capital's strategic communications and proxy solicitation agent, Laurel Hill Advisory Group\n \n \n (\"\n \n \n Laurel Hill\n \n \n \")\n \n \n by telephone at 1-877-452-7184 or by email at\n \n \n \n [email protected]\n \n \n \n .\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n April 26, 2023\n \n \n /CNW/ - Crown Capital Partners Inc. (\"Crown\" or the \"Corporation\") (TSX: CRWN) today announced that it has mailed an information circular and related meeting materials (the \"Meeting Materials\") in connection with the upcoming special meeting of the holders (the \"Debentureholders\") of its 6% convertible unsecured subordinated debentures due\n \n June 30, 2023\n \n (the \"Debentures\") to be held at the offices of the Corporation, 33 Yonge Street, Suite 901,\n \n Toronto, ON\n \n , M5E 1G4, on\n \n May 16, 2023\n \n at\n \n 10:00 a.m. (Eastern Time)\n \n (the \"Meeting\").\n \n \n At the Meeting, Debentureholders will be asked to consider and vote upon certain amendments to the terms of the Debentures (the \"Debenture Amendments\"), which will be voted on as a package and consist of:\n \n \n \n Extending the maturity date of the Debentures from\n \n June 30, 2023\n \n to\n \n December 31, 2024\n \n ;\n \n \n Amending the interest rate on the Debentures from 6% to 10%;\n \n \n Removing the conversion right of the Debentureholders; and\n \n \n Removing the right of the Corporation to repay the principal am...