07:35 AM EDT, 07/02/2025 (MT Newswires) -- Crown Capital Partners ( CCPIF ) over the Canada Day holiday period said it had completed a non-brokered private placement offering.

The offering consisted of $1.4 million principal amount of 10% convertible redeemable secured subordinated debentures of the corporation due December 31, 2026 and $100,000 principal amount of 10% convertible redeemable secured subordinated debentures of the corporation due June 30, 2026 to insiders.

A statement noted that on December 29, 2023, the corporation issued $1.5 million principal amount of 10% redeemable secured subordinated debentures of the corporation to Insider Debenture holders which were due and payable on June 30, 2025. Crown as not able to raise the funds required to repay the Former Insider Debentures from external sources on terms acceptable to the corporation. In order to address the maturity of the Former Insider Debentures on June 30, 2025, the corporation repaid them on maturity and then immediately issued the Insider Debentures.