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Crown Capital Announces Proposed Debenture Amendments and Default Waiver For 12% Secured Subordinated Debentures

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CALGARY, AB, July 3, 2026 /CNW/ – Crown Capital Partners Inc. (“Crown” or the “Corporation”) (TSX: CRWN) today announced that, further to its news release dated June 25, 2026 announcing the entering into of a share purchase agreement (the “Galaxy Transaction”) to sell all of the issued and outstanding shares (the “Galaxy Shares”) of its subsidiary, Galaxy Broadband Communications Inc. to Calian Group Ltd. (TSX: CGY) (“Calian”), it will seek approval of the holders (the “Debentureholders”) of the Corporation’s 12% Secured Subordinated Debentures (TSX: CRWN.NT) due December 31, 2026 (the “Debentures”) for a resolution (the “Debentureholder Resolution”) at a meeting of the Debentureholders to be held at the offices of the Corporation, 121 King Street West, Suite 840, Toronto, Ontario, on August 11, 2026 at 10:00 a.m. (Eastern Time) (the “Meeting”).

If approved by the Debentureholders at the Meeting, the Debentureholder Resolution would:

authorize and approve certain amendments (the “Debenture Amendments”) to the Corporation’s second amended and restated trust indenture dated October 25, 2024 (the “Indenture”) between the Corporation and TSX Trust Company (the “Debenture Trustee”) and authorize the Debenture Trustee to enter into a third amended and restated trust indenture with the Corporation (the “Amended and Restated Indenture”) to: 

(i)      permit the Corporation to complete the Galaxy Transaction free of the security interest created by the Indenture notwithstanding that the sale of the Galaxy Shares to Calian would be a sale of assets of the Corporation not in the ordinary course of business of the Corporation and, accordingly, not permitted under the Indenture;
(ii)      extend the maturity date of the Debentures from December 31, 2026 to December 31, 2027;
(iii)     grant the Corporation the option to further extend the maturity date of the Debentures for up to one year to December 31, 2028, provided that: (A) the Corporation pays all outstanding interest on the Debentures as at December 31, 2027; (B) the Corporation pays a fee of 0.1% of the principal amount of the Debentures to the Debentureholders for each month that the maturity date of the Debentures is extended, such fee to be paid concurrently with the interest due on the Debentures as at December 31, 2027; and (C) such option is exercised at least 30 days prior to December 31, 2027 and may only be exercised once;
(iv)     amend the interest payment dates from occurring annually on December 31 of each year to only at maturity or redemption of the Debentures;
(v)      prohibit the Corporation from paying any dividends on the common shares of the Corporation (“Common Shares”) or acquiring any Common Shares by way of an issuer bid while any Debentures remain outstanding;
(vi)     eliminate the ability of the Corporation to incur Senior Indebtedness (as defined in the Amended and Restated Indenture) following the repayment of the senior indebtedness of the Corporation to Sandton Investments IX (Luxembourg) S.A.R.L. (the “Sandton Indebtedness”) and the redemption of the $1,500,000 principal amount of unlisted debentures of the Corporation (the “2025 Debentures”), other than up to $1,000,000 of Senior Indebtedness to be used for general corporate purposes;
(vii)    remove the requirement that the Corporation use its best efforts to maintain the listing of the Common Shares and the Debentures on the Toronto Stock Exchange (“TSX”); and
(viii)   eliminate the ability of the Corporation to satisfy interest obligations by issuing and selling its shares through investment bankers under the Indenture; and

waive the default by the Corporation under the Indenture for the failure to pay the outstanding interest on the Debentures from June 30, 2024 to December 31, 2025 (the “Deferred Interest Payment”) on December 31, 2025 (the “Default Waiver”), subject to the requirement that the Corporation pay: (a) the Deferred Interest Payment; and (b) interest on the Debentures from January 1, 2026 to June 30, 2026 (the “June 2026 Interest Payment”), to Debentureholders within 30 days of the completion of the Galaxy Transaction (the “Deferred Interest Payment Deadline”). The Deferred Interest Payment and the June 2026 Interest Payment will be made to Debentureholders holding Debentures as of a record date to be set by the Corporation following the effective date of the Debenture Amendments. In the event that the Deferred Interest Payment is not made by the Deferred Interest Payment Deadline, the Default Waiver will be of no further force or effect.

The board of directors of the Corporation believe that the Debenture Amendments and Default Waiver provide the following advantages:

Completion of Galaxy Transaction: The Debenture Amendments will allow the Corporation to complete the Galaxy Transaction. Without the Debenture Amendments, the Corporation will not be able to complete the Galaxy Transaction.Payment of the Deferred Interest Payment and the June 2026 Interest Payment: If the Galaxy Transaction is completed, the Debentureholders will receive: (a) the Deferred Interest Payment, which will be approximately $161.82 per $1,000 principal amount of Debentures; and (b) the June 2026 Interest Payment, which will be approximately $60.00 per $1,000 principal amount of Debentures.Payment of Sandton Indebtedness: If the Galaxy Transaction is completed, a large portion of the net proceeds from the Galaxy Transaction will be used to repay the entire amount of the Sandton Indebtedness. This will significantly reduce the amount of the Corporation’s debt that ranks in priority to the Debentures.Redemption of 2025 Debentures: If the Galaxy Transaction is completed, a portion of the net proceeds from the Galaxy Transaction will be used to redeem the 2025 Debentures in accordance with their terms. This will further reduce the amount of the Corporation’s debt that ranks in priority to the Debentures.Elimination of Senior Indebtedness: If the Galaxy Transaction is completed, following the repayment of the Sandton Indebtedness and the redemption of the 2025 Debentures, the Corporation will no longer have any Senior Indebtedness ranking in priority to the Debentures. The Debenture Amendments will prohibit the Corporation from incurring any additional Senior Indebtedness in excess of $1,000,000. This will greatly improve the relative security position of the Debentures.Extension of Maturity Date: The extension of the maturity date, and the option granted to the Corporation to extend the maturity date for an additional year, will afford Debentureholders a longer period of time during which to receive interest at a favourable rate and to potentially receive a fee of 0.1% for each month that the maturity date of the Debentures is extended past December 31, 2027. The extension of the maturity date will also provide the Corporation with additional time to fund the repayment of the Debentures from the proceeds of asset sales or otherwise.Prohibition of Dividends and Issuer Bids: The removal of the ability of the Corporation to pay dividends on the Common Shares or undertake any issuer bids for Common Shares while any Debentures remain outstanding provides significant incentive for the Corporation to repay the Debentures and ensures that holders of Common Shares will not receive preferential treatment over holders of Debentures.

The effective date of the Debenture Amendments will be the later of: (a) a minimum of five trading days following the approval of the Debentureholder Resolution; and (b) immediately prior to the closing of the Galaxy Transaction once all conditions precedent to the closing of the Galaxy Transaction have been satisfied or waived, other than the release of funds and those relating to the Debenture Amendments. Further particulars of the expected benefits of the Debenture Amendments and Default Waiver are described in the management information circular of the Corporation relating to the Meeting (the “Circular”) and the related meeting materials, which will be made available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca and mailed to the Debentureholders in the coming days.

The Debentureholder Resolution will only be effective if passed by an extraordinary resolution of the holders of at least 66 ⅔% of the principal amount of the Debentures present in person or by proxy at the Meeting and entitled to vote in respect of the Debentureholder Resolution. Management recommends that Debentureholders vote in favor of the Debentureholder Resolution.

The TSX has conditionally approved the Debenture Amendments. The Debenture Amendments remain subject to the final approval of the TSX.

Debentureholders may vote on or before 10:00 a.m. (Eastern Time) on August 7, 2026 by following the voting instructions set out in the Circular. Only Debentureholders of record at the close of business on July 8, 2026 will be entitled to vote at the Meeting.

FORWARD-LOOKING STATEMENTS

This news 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 in this news release include, but are not limited to, statements, management’s beliefs, expectations or intentions regarding the Debenture Amendments, the Default Waiver, the expected timing and completion of the Galaxy Transaction, the use of proceeds of the Galaxy Transaction, the anticipated payment of the Deferred Interest Payment and the June 2026 Interest Payment, the benefits of the Debenture Amendments and the Default Waiver and the receipt of Debentureholder approval. 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 Crown’s periodic filings with Canadian securities regulators. See Crown’s most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown 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.

SOURCE Crown Capital Partners Inc.

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Chongqing Summit Seeks to Bridge Capital and Industry as City Accelerates Economic Transformation

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July 5, 2026

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CHONGQING, China, July 5, 2026 /PRNewswire/ — A major financial summit was held in Chongqing on July 3 aimed at strengthening connections between capital and the city’s innovation-driven industries. The “Financial Support for High-Quality Development” conference featured deal-signing, investment pitches, panel discussions, and startup showcases, all designed to channel more private and institutional funding into local supply chains, technological innovation, and infrastructure projects. The event served as a targeted matchmaking platform—connecting companies seeking growth capital with financial institutions looking for investment opportunities in one of China’s fastest-growing urban centers.

During the conference, the city unveiled four new financing lists covering industrial, technological, infrastructure, and state-owned enterprise projects. In total, 549 projects are seeking approximately RMB419.4 billion in funding. Following multiple rounds of matchmaking, 60.66% of these projects have already secured matching investors. As of the end of the first quarter, the city’s medium- and long-term manufacturing loans reached RMB298.5 billion, while sci-tech lending hit RMB870 billion—up 13.9% and 13.1% year-on-year, respectively.

Beyond project pipelines, the conference delivered tangible outcomes: 56 contracts valued at RMB154.9 billion were signed on-site. The funds are directed toward some of China’s most dynamic industrial sectors, including connected electric vehicles and next-generation electronics manufacturing. Perhaps more telling is the diversity of financial backers—banks, securities firms, and asset managers all participated.

Zhang Zemin, an academician at the Chinese Academy of Sciences, said Chongqing is cultivating a collaborative ecosystem that unites universities, research institutes, hospitals, and corporations. He called on investors to focus on early-stage, innovative companies developing hard-tech healthcare technologies. Separately, Yin Qi, chairman of Afari Technology, observed that artificial intelligence and the automotive industry are now advancing in tandem. He urged deeper integration of R&D, manufacturing, capital, and talent to foster a self-sustaining industrial environment.

Executives from three major financial institutions—Xu Siwei, chairman of state-owned China Reform Holdings Corporation; Chen Liang, chairman of China International Capital Corporation (CICC); and Li Liang, founding partner of Hillhouse—said they would continue to increase investment to drive Chongqing’s technological innovation and industrial transformation by strengthening collaboration between finance and industry.

The event, organized by the Chongqing municipal government in partnership with its finance, technology, industry, and economic planning agencies. Two off-site sessions, held in the regional hubs of Wanzhou and Yongchuan, will explore each region’s role in Chongqing’s future growth.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/chongqing-summit-seeks-to-bridge-capital-and-industry-as-city-accelerates-economic-transformation-302817965.html

SOURCE Xinhua Finance

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SK Telecom Pursues 15GW AI Data Center Buildout, Aiming to Become Asia’s AI Infrastructure Hub

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July 5, 2026

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Ulsan AI Data Center to expand to GW scale; 5GW to be activated in stages from 2029, reaching 15GW in totalSK Group brings together full-stack AI infrastructure capabilities; SKT to spearhead the overall projectKorea’s third national infrastructure revolution following the Gyeongbu Expressway and high-speed internet

SEOUL, Korea, July 5, 2026 /PRNewswire/ — SK Telecom (NYSE: SKM, hereafter “SKT”) today announced that it will pursue the construction of an AI data center with a scale of up to 15GW. The goal is to become an AI infrastructure hub in Asia.

The move is intended to preemptively build domestic AI computing infrastructure at a time when demand for AI model training and inference is surging and high-performance computing infrastructure determines national competitiveness.

SKT is pursuing the project by linking it with the government’s “AI G3” strategy — the goal of becoming one of the world’s three leading AI powers alongside the U.S. and China — and the task of balanced regional development, comprehensively reviewing core infrastructure elements such as power, siting, and operations for the AI data center.

Ulsan AI Data Center to Expand to GW Scale; 5GW to Be Activated in Stages from 2029, Reaching 15GW in Total

Due to the buildout of high-performance AI computing infrastructure and rising memory prices, constructing a typical 1GW-class AI data center may require a substantial project cost reaching approximately KRW 70 trillion. Such costs are expected to be financed not only through the company’s own investment but also through strategic partner investment, long-term customer contracts, and project financing.

The backdrop to SKT’s move into building an AI data center at this scale is a global supply shortage. Global consulting firm McKinsey & Company forecasts that global data center demand will grow 19–22% annually while supply fails to keep pace, resulting in an estimated shortfall of about 15GW in the U.S. alone by 2030.[1]

Accordingly, global big tech companies are expanding data center investment beyond the U.S. to locations around the world. In this context, Korea is drawing attention as an investment destination for global big tech companies’ AI data centers.

Korea holds strong competitiveness in core AI components such as high-bandwidth memory (HBM). It also has stable power supply conditions based on nuclear power and liquefied natural gas (LNG), along with GW-class infrastructure operating capabilities accumulated through operating semiconductor fabs, making it an attractive location for AI data centers.

Based on this solid demand and locational advantages, SKT plans to build AI data center capacity totaling 15GW.

First, starting with the AI data center currently under construction in Ulsan, SKT will build a cluster of over 2GW across the southeastern region (Gyeongsang), using it as a base to attract AI infrastructure demand from global big tech companies to Korea. It also plans to build an additional 1GW in the southwestern region (Jeolla), bringing its domestic AI data center capacity to a total of 5GW to be opened in stages starting in 2029.

To this end, SKT will pursue AI data center construction by considering various factors together — including site selection, power supply, and securing key anchor tenants — in connection with the government’s balanced regional development tasks and strategic supply plans.

SK Group brings together full-stack AI infrastructure capabilities; SKT to spearhead the overall project as AI Infrastructure Architect

AI data center infrastructure hinges on three core elements: semiconductors, energy solutions, and data center construction and operation capabilities. SK Group already holds these core capabilities across its affiliates. This project will bring together the Group’s full-stack AI infrastructure capabilities, with each affiliate contributing its own strengths.

In particular, SKT will take on the central role of leading the design, construction, and operation of the AI data centers. SKT has already been actively pursuing the AI data center business and has continued its cooperation with global big tech companies[2].  

At SK AI Summit 2025 last November, SKT President and CEO Jung Jai-hun unveiled the company’s AI infrastructure roadmap, stating that SKT would lead the evolution of AI infrastructure as the nation’s leading AI operator. He also presented a longer-term blueprint for expanding cooperation with global big tech companies and scaling up the Ulsan AI Data Center to a total of over 1GW.

More recently, SKT announced plans to operate an “AI Factory,” described as a next-generation AI data center. SKT plans to begin AI Factory operations in 2027 and expand it to GW scale going forward.

Korea’s Third National Infrastructure Revolution Following the Gyeongbu Expressway and High-Speed Internet

The AI industry expects that AI data centers will serve not only as a new growth engine for Korea, but also as a national strategic asset. In particular, it is expected that linking AI data centers with regional industries will contribute to balanced regional development.

The construction of a 15GW-scale AI data center is expected to serve as a springboard for Korea to become an AI infrastructure hub. SKT views AI data centers as Korea’s third innovative infrastructure, following the Gyeongbu Expressway (1968) and high-speed internet (1998), and intends to take a leading role in advancing it.

“This AI data center project is aimed at preemptively preparing the computing infrastructure that the global AI ecosystem needs,” said Jung Jai-hun, President and CEO of SKT. “We will work closely with the government, industry, and local communities to help Korea grow into Asia’s core AI infrastructure hub.”

About SK Telecom 

SK Telecom has been leading the growth of the mobile industry since 1984. Now, it is taking customer experience to new heights by extending beyond connectivity. By placing AI at the core of its business, SK Telecom is rapidly transforming into an AI company with a strong global presence. It is focusing on driving innovations in areas of AI Infrastructure, AI Transformation (AIX) and AI Service to deliver greater value for industry, society, and life. 

For more information, please visit our newsroom at https://news.sktelecom.com/en/ or our LinkedIn page at www.linkedin.com/company/sk-telecom.

Forward-Looking Statements: Certain statements in this press release including, but not limited to, statements as to: SK Telecom’s plans, objectives and expectations regarding the development, construction, financing and operation of AI data centers and AI infrastructure; the planned development of AI data center capacity, including the phased development of projects in Ulsan and other regions of Korea; anticipated project timing, financing arrangements and strategic partnerships; expectations regarding AI Factory deployment, AI infrastructure demand and Korea’s position as an AI infrastructure hub; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause actual results to be materially different than expectations.

Important factors that could cause actual results to differ materially include: global economic and political conditions; customer demand for AI infrastructure and services; the availability and cost of financing, computing resources, semiconductors, power, networking capacity and data center infrastructure; changes in governmental policies, applicable laws and regulations; the ability to secure strategic partners and customers; technological developments and competition; supply chain disruptions; the ability of SK Telecom and its collaborators and partners to successfully implement the contemplated initiatives and realize anticipated benefits; and other factors detailed from time to time in reports filed or furnished by SK Telecom with the U.S. Securities and Exchange Commission, including its most recent Annual Report on Form 20-F.

These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by applicable law, SK Telecom undertakes no obligation to update these forward-looking statements to reflect future events or circumstances.

[1]  “AI Power: Expanding data center capacity to meet growing demand” (McKinsey & Company)

[2] SK Telecom and NVIDIA Build AI Infrastructure to Power Korea’s AI Innovation (June 8, 2026) https://news.sktelecom.com/en/3124
  SK Group and AWS Team Up to Build Cloud Computing Infrastructure to Support AI Innovation (June 22, 2025) https://news.sktelecom.com/en/1948

 

View original content:https://www.prnewswire.com/apac/news-releases/sk-telecom-pursues-15gw-ai-data-center-buildout-aiming-to-become-asias-ai-infrastructure-hub-302817964.html

SOURCE SK Telecom

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Central Arkansas REALTOR® Ashley Watters Cited as National Expert in Moneywise on Sight-Unseen Homebuying and Military Relocation

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July 4, 2026

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Little Rock REALTOR® Ashley Watters of eXp Realty was featured as a primary expert source in Moneywise — a national personal finance publication with 250,000+ subscribers — quoted four times in a June 2026 article on remote homebuying and military relocation. Watters, who specializes in military relocation and VA home loans throughout Central Arkansas, provided expert guidance on agent selection, home inspection, virtual showings, and wire fraud protection during remote closings.

LITTLE ROCK, Ark., July 4, 2026 /PRNewswire-PRWeb/ — Ashley Watters, REALTOR® with eXp Realty and founder of ArkansasHouseSearch.com, was recently featured as a primary expert source in Moneywise, a leading national personal finance publication with more than 250,000 subscribers, in an article examining the growing practice of sight-unseen homebuying among military families across the United States.

Buyers should approach their agent search much like their home search — prepare a list of questions in advance and interview multiple agents to find the right fit. — Ashley Watters, REALTOR® | eXp Realty | ArkansasHouseSearch.com

Published June 2, 2026, and written by Senior Staff Reporter Mike Crisolago, the article explored how military families navigate remote home purchases during relocation — a topic in which Watters holds deep, hands-on expertise developed over more than two decades working in Central Arkansas real estate and mortgage. Watters was quoted four times throughout the piece, providing guidance on remote agent selection, home inspection standards, virtual showing best practices, and protecting buyers from wire fraud during the closing process.

“It’s actually very common, especially when the buyer is moving from several states away,” Watters told Moneywise. “The home search can sometimes take weeks or even months, making it unrealistic for buyers to travel back and forth in person.”

Watters noted that advances in technology have made remote homebuying significantly safer and more practical than in years past. “Improvements in technology, handheld devices and platforms like Zoom mean the risk has diminished significantly over the last several years,” she said.

On choosing the right professionals for a remote purchase, Watters advised that buyers treat their agent search with the same diligence as their home search. “Prepare a list of questions in advance and interview multiple agents to find the right fit,” she told Moneywise, adding that a quality home inspector is “equally important” as the agent — serving as the buyer’s “boots on the ground.”

Watters also addressed one of the most serious risks in remote transactions — wire fraud. “Scammers like to try and intercept transactions by sending fraudulent emails or making phone calls that redirect buyers to wire funds to the wrong account,” she warned. “Communicate only with the individuals and companies you have already vetted and independently verify all wiring instructions before sending any money.”

Watters serves buyers and sellers throughout Central Arkansas including Little Rock, Conway, Cabot, Maumelle, Greenbrier, Sherwood, Jacksonville, North Little Rock, Benton, and Bryant. She holds a dedicated specialty in military relocation and VA home loans, with particular focus on service members and families assigned to Little Rock Air Force Base. Watters holds a 5.0-star rating across 68+ verified client reviews and brings more than 20 years of combined real estate and mortgage industry experience to every transaction.

In addition to her Moneywise feature, Watters was recently named to Little Rock Soirée magazine’s Best Real Estate Agents of 2026 and AY Magazine’s Arkansas Best of 2026 in the Real Estate Agent category — making her one of the most recognized active REALTORS® in Central Arkansas this year.

To learn more or to connect with Ashley Watters, visit ArkansasHouseSearch.com or call (501) 951-9200.

Media Contact

Ashley Watters, ArkansasHouseSearch.com, 1 5019510306, mortgages11@gmail.com

View original content:https://www.prweb.com/releases/central-arkansas-realtor-ashley-watters-cited-as-national-expert-in-moneywise-on-sight-unseen-homebuying-and-military-relocation-302817253.html

SOURCE ArkansasHouseSearch.com

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