Crown Capital Partners Inc. Announces Results for the Three and Six Months Ended June 30, 2015

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESAND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN/

CALGARY, Aug. 5, 2015 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRN) today announced its results for the three and six months ended June 30, 2015.

As previously announced, Crown became a reporting issuer on the Toronto Stock Exchange ("TSX") on June 30, 2015. On July 9, 2015, pursuant to an underwriting agreement, the Corporation issued 5,910,000 common shares in an initial public offering (the "IPO") priced at $11.00 per share, resulting in gross proceeds of $65,010,000. Net proceeds of the offering are estimated to be approximately $60,000,000 after payment of underwriters' commission and offering expenses. Crown began trading on July 9, 2015 under the symbolTSX:CRN.

Immediately prior to closing of the IPO, the Corporation acquired approximately 69.8% of the limited partnership units of Norrep Credit Opportunities Fund II, LP ("NCOF II") in exchange for 3,214,494 common shares of Crown valued at $35,359,423. Crown is also the manager of NCOF II.

The financial results announced today relate to the period prior to closing the IPO. Additional information about the Corporation, the IPO and the transaction with NCOF II can be found in the Corporation's initial public offering prospectus dated June 30, 2015 (the "Prospectus").

The Corporation provides investment management services to three limited partnerships, with total assets under management at June 30, 2015 of approximately $85.0 million. The Corporation earns management fees pursuant to management agreements with the limited partnerships.

Revenues of $273,121 and $530,904 were recognized in the three and six months ended June 30, 2015, respectively. Crown incurred losses before income taxes of $49,910 and $49,651 in the three and six months ended June 30, 2015, respectively.

Quarterly Results Summary	Three Months Ended
	June 30 2015		March 31 2015
Revenue	$	273,121	$	257,783
Total comprehensive income (loss)	$	(42,423)	$	220
Weighted average shares outstanding^1		330,303		303,000
Total comprehensive income (loss)/share	$	(0.13)	$	0.00
1. Weighted average shares outstanding reflects the 3,030:1 share split which occurred on June 30, 2015.

"The current market conditions are very favourable for Crown's non-dilutive structured loans.  We are delighted to have completed the IPO in July and look forward to executing on the business plan as detailed in the Prospectus" said Chris Johnson, President & CEO.

ABOUT CROWN

Crown is a specialty finance company focused primarily on providing capital to successful Canadian companies and to select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds.  Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored special situation and long-term financing solutions to a diversified group of private and public mid-market companies in the form of loans, royalties, and other structures with minimal or no ownership dilution. Such financing solutions allow business owners to retain the vast majority of the economic rewards associated with the ownership of their respective businesses.

FORWARD-LOOKING STATEMENTS

This release contains certain "forward looking statements" and certain "forward looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements include, but are not limited to, statements with respect to the use of proceeds. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Corporation's periodic filings with Canadian securities regulators. The Corporation undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

To find out more about Crown (TSX: CRN) please visit our website www.crowncapital.ca.

Additional information relating to the Corporation is available on SEDAR at www.sedar.com.

SOURCE Crown Capital Partners Inc.

Christopher Johnson, President & CEO, [email protected], [phone]