Brief: Crown Capital comments on Petrowest Corporation

Crown Capital Partners

15/08/2017 12:01

Aug 15 (Reuters) - Crown Capital Partners Inc  CRWN.TO  
    * Crown Capital comments on Petrowest Corporation 
    * Says "crown supports application for receivership and 
plans to work with receiver to maximize proceeds for all 
Petrowest stakeholders" 
    * crown Capital Fund IV LP has a total of $25 million of 
loans outstanding to Petrowest 
    * Commented on Petrowest announcing banking syndicate 
provided notice demanding immediate repayment of amounts under 
credit facilities 
    * Crown Capital Partners says working to formalize offer to 
buy civil, rental divisions' assets by assuming portion of Crown 
Capital Fund IV's outstanding debt 
 
Source text for Eikon:  ID:nCNWddmlca  
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