The Toronto Stock Exchange reports that Crown Capital Partners Inc. will amend the terms of its 6 per cent convertible unsecured subordinated debentures due June 30, 2023 (symbol CRWN.DB), pursuant to an amended and restated trust indenture to be dated effective June 30, 2023, with TSX Trust Company, as follows:

• The maturity of the debentures will be extended from June 30, 2023, to Dec. 31, 2024.
• The conversion right of the debentures will be removed.
• The interest rate on the debentures will increase from 6 per cent per year to 10 per cent per year, effective from and including June 30, 2023.
• The right of the company to repay the principal amount of the debentures in common shares on the new maturity date or any redemption date will be removed.

All other terms of the amended debentures remain unchanged from the original terms of the debentures. Refer to the TSX bulletin dated June 11, 2018, for a summary of the terms of the debentures.

The final interest payment at the rate of 6 per cent per year, to be paid on June 30, 2023, will be equal to $30 for each $1,000 principal amount of debenture. The interest payments payable between June 30, 2023, and Dec. 31, 2024, at the rate of 10 per cent per annum, to be paid on June 30 and Dec. 31 of each year, will be equal to $50 for each $1,000 principal amount of amended debenture.

The TSX reports trades in the 6 per cent debentures on June 28, 2023, and June 29, 2023, will settle on June 29, 2023. The 10 per cent unsecured subordinated debentures due Dec. 31, 2024, will trade on the TSX on June 30, 2023, under the symbol CRWN.NT and Cusip No. 22821L AB 0.