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The latest update is out from Crown Cap ( (TSE:CRWN) ).
Crown Capital Partners Inc. has successfully closed a non-brokered private placement offering of 84,000 common shares at $1.50 each, generating gross proceeds of $126,000. The proceeds will be used for working capital, with all shares purchased by insider John Brussa, marking a related party transaction. Additionally, Crown paid a $126,000 cash commitment fee to Brussa, who used the funds to buy the shares. This transaction, subject to regulatory approval, reflects strategic financial maneuvers to strengthen the company’s capital structure.
More about Crown Cap
Crown Capital Partners, founded in 2000 within Crown Life Insurance Company, is a capital partner specializing in telecommunications infrastructure, distribution services, and distributed power markets. The company focuses on growth industries that need specialized capital partners and aims to create long-term value by investing in operating businesses and managing investment funds for institutional partners.
YTD Price Performance: -9.94%
Average Trading Volume: 1,611
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$8.1M
For a thorough assessment of CRWN stock, go to TipRanks’ Stock Analysis page.
