FACILITYCalgary

news, commentary & perspective - financings, deals - commercial real estate, infrastructure, oil & gas

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Brian Pearl to Managing Partner, Toronto @ NATIONAL Public Relations

+ Cherie Copithorne-Barnes to Second Vice-Chair @ Calgary Stampede

+ Erik Nickel to COO @ Petroleum Technology Research Centre

+ Jason Dranchuk to CFO @ i3 ENERGY

+ Jay Allen to General Manager @ BuildDirect.com Technologies Inc.

+ Jeff McCann to Director @ Parvis Invest Inc.

+ Mark Godsy, Executive Chairman @ Exro  Technologies Inc., stepped down

+ Mary Vitug to Director @ StorageVault Canada Inc.

+ Mauro Chies to Pres. & CEO @ Alberta Home Services

+ Michael Stein, Director & Chair @ European Residential REIT, retired

+ Rod Copes to Interim Chair @ Exro Technologies Inc.

+ Spiro Kletas to VP Investor Relations @ Royal Helium Ltd.

+ Stuart O’Connor to First Vice-Chair @ Calgary Stampede

+ Will Osler to President and Board Chair @ Calgary Stampede

~ Note: links in this section are to LinkedIn profiles where available and otherwise to a relevant posting of the appointment. -  [ send us your appointment notices  kolke@facilitycalgary.com ]




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ tactics for the decentralized workplace

+ trends toward better protection of independent contractors and gig workers




PUT YOUR 
COMPANY HERE
 Advertising/sponsorship queries:  kolke@facilitycalgary.com 
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BRAND HERE



CONVERSATIONS

 
 
 
Click here to access the archive (2012-2021) : Mark Kolke's conversations with fascinating Calgarians ...

CONTACT MARK KOLKE 
 KEYNOTE SPEAKER AND WORKSHOP LEADER



THIS WEEK IN FINANCINGS 
- proposed & closed

+ Cybeats Technologies Corp., closed $2.112 million first tranche of a private placement equity raise

+ LXRandCo closed $1.235 million debt financing by private placement

+ Northstar Clean Technologies Inc. is on the market to raise $2.0 million in equity by private placement

editor’s note: names of companies involved in arm’s length debt and equity financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings or non-arm’s-length transactions …




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ June 12; Headwater Learning Foundation/Calgary Academy’s Golfing For Good, Glencoe Golf & Country Club, Calgary; info/register

+ June 13; Distress Centre Calgary, Drive for Distress Charity  Golf Tournament, Valley Ridge Golf Course, Calgary – save the date

+ June 21; IFMA Calgary, Lynx Ridge Golf Club, Calgary – save the date -

+ July 13; Coast Hotels, 21st Annual Shu Naito Golf Classic, Tsawassen Springs Golf Club, Delta, BC; info/register/charity information

+ July 21; Alberta IoT – 4th Annual Golf Tournament, Lynx Ridge Golf Club, Calgary – save the date

+ Sept. 11; Rotary Stay In School Charity Golf Classic, Glencoe Golf & Country Club, Calgary – save the date

+ Sept. 28; Accessible Housing Annual Fundraising Gala, Silver Springs Golf Cub, Calgary – save the date

+ send us your 2023 tournament information – we are happy to post them here

~ [please send your charity golf event notices to  kolke@facilitycalgary.com ]




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Lucera Energy Corp. published its inaugural sustainability report




 SHAREHOLDER MEETINGS

+ Apr. 11; Cargojet Inc., Annual General Meeting of Shareholders, Toronto

+ Apr. 11; First Capital REIT, Annual and Special Meeting, Toronto

+ Apr. 18; Aimia Inc., Annual Meeting of Shareholders, Toronto

+ Apr. 18; BMO Financial Group, Annual Meeting of Shareholders, Toronto

+ Apr. 19; VeraBank, Annual and Special Meeting of Shareholders, London, ON

+ Apr. 20, Calgary Co-op, Annual Meeting, Glenmore Inn; Calgary

+ Apr. 21; National Bank of Canada, Annual Meeting of Common Shareholders, Montreal

+ Apr. 26; Rogers Communications Inc., Annual General Meeting of Shareholders, hybrid/Toronto

+ May 2; TC Energy Corporation, Annual Meeting of Common Shareholders, Calgary - virtual only

+ May 3; Canfor Pulp Products Inc., Annual General Meeting, Vancouver - virtual only

+ May 3; Gibson Energy Inc., Annual General Meeting, hybrid/Calgary

+ May 3; Loblaw Companies Limited, Annual Meeting of Shareholders, Brampton

+ May 3; RF Capital Group Inc., Annual General Meeting, Toronto

+ May 3; Vermilion Energy Inc., Annual General Meeting, Calgary – virtual only

+ May 4; Pason Systems Inc., Annual General Meeting, Calgary virtual only

+ May 4; Spin Master Corp., Annual Meeting of Shareholders, Toronto -  virtual only

+ May 8; Quarterhill Inc., Annual and Special Meeting of Shareholders, Toronto – virtual only

+ May 9; Keyera Corp., Annual Meeting of Shareholders, Calgary – virtual only

+ May 10; iA Financial Group, Annual Meeting, Quebec City

+ May 11; McCoy Global Inc., Annual General and Special Meeting, Edmonton

+ May 11; Precision Drilling Corporation, Annual Meeting of Shareholders, Calgary

+ May 16; First Capital REIT, Annual and Special Meeting of Unitholders, Toronto

+ May 18; SNC-Lavalin, Annual Meeting of Shareholders, Montreal – virtual only

~ Canadian banks and life insurance companies got approval to do their 2023 annual meetings virtually

[ please send your event notices and AGM notices to  kolke@facilitycalgary.com ]




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Enbridge Inc. and Yara International formed a JV to develop and build a low-carbon blue ammonia project at Enbridge’s Ingleside facility in Texas




 CONSTRUCTION / DEVELOPMENT NEWS + BUILDING SERVICESS INNOVATIONS 

+ progress of BMO Centre expansion at Stampede park

 Sponsors of this week's issue:

 
 
Visit: https://falkbuilt.com/
~
E-mail: thom.hinton@falkbuilt.com
~
DIGITAL COMPONENT CONSTRUCTION



 
 
link to Premiere used furniture website
 
OFFICE FURNITURE SALES



 
EXECUTIVE SEARCH

 
 

Oliver Baezner, Managing Partner
oliver.baezner@altopartners.ca

64 OFFICES ACROSS 37 COUNTRIES





 
 
 
ROCKY VIEW COUNTY
Business & Economic Development



 
BennettJones.com

 


 IFMA - CALGARY CHAPTER NEWS + EVENTS 

Our IFMA Calendar - save these dates for facility tours + networking events coming in 2023:

April 27 - ATCO headquarters 

June 21 - IFMA Golf Tournament - Lynx Ridge golf club / save  the date 


Registration via our Events Page - click here


And - we are building back our Board - contact Mark Kolke for more information about joining the Calgary Chapter's leadership team. We have room to grow, and you can help ...



 INTERESTING REAL ESTATE DEALS 

+ Optima Living and Axium Infrastructure acquired seven senior’s facilities/1,200 beds, in Alberta (one in Calgary) for $440.0 million




CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES

OFFICE AND INDUSTRIAL LEASING

RETAIL LEASING AND SALES



Mark Kolke, DTM, VP Commercial - MaxWell Capital Realty
6204B Burbank Road SE, Calgary, AB T2H 2C2
. . . . . . . . . . . . . . . . . . . . . . 
Consultant - Special Purpose Projects, P3, Education Facilities
Agent - Investment Sales; Office, Industrial & Retail Leasing
A full-service real estate practice:
Commercial - Investment Sales & Leasing | Consulting | 
Agricultural | Residential Sales | Land | Property Management | 
 
Phone/Text: (403)-312-8359 / email: kolke@markkolke.com 
PLANDflex Corporation / Consulting Services
Editor / Publisher - FACILITYCalgary
MaxWell Capital Realty / VP Commercial /Agent/Realtor
. . . . . . . . . . . . . . . . . . . . . . 



FACILITYCalgary newsletters may not be reproduced, rewritten, distributed, re-disseminated, transmitted, displayed, published or broadcast, directly or indirectly in any medium without the prior written permission of MaxComm Communications - © Copyright 1999 - 2022 MaxComm Communications. All rights reserved. 




NEWS SUMMARY 

 APRIL 5 ~ 11 / 2023 


+ Bouthillette Parizeau acquired Cleland Jardine Engineering Ltd.

+ CIMA+ acquired MidSea Engineering; terms not disclosed

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI@US$80/bbl, Brent @ US$84/bbl; OPEC intentions of output cuts are expected to push prices up

+ Enbridge Inc. and Yara International formed a JV to develop and build a low-carbon blue ammonia project at Enbridge’s Ingleside facility in Texas

+ FACILITYCalgary, is a sponsor-supported FREE weekly newsletter; published every Tuesday morning at 6:00 AM (MDT); focused on oil & gas, finance and real estate industry news; click here to sign up – please tell your colleagues and friends, or sign them up …

+ Government of Canada tweaking the rules; amendments to the Prohibition On The Purchase Of Residential Property By Non Canadians Regulations; issued a Tax Tip memo – you might avoid tax penalties and interest if you file incorrectly on the Underused Housing Tax; CRA announced relief on the new tax lasts until October 31, 2023

+ IFMA Calgary Chapter announced it’s annual golf tournament will be held June 21st @ Lynx Ridge – after a pandemic pause, returns this year, sponsorship sales are ‘open’, golfer registration commences March 29th

+ mCloud Technologies Corp. set up a board committee and engaged advisors to explore strategic alternatives

+ MONDAY MORNING MINUTE is now at Substack; get weekly inspiration message and a selected quote in your in-box weekly; check out the new format; click here to sign up,  click here to this week’s message (April 10)

+ Ovintiv agreed to a large multi-element transaction: Ovintiv is SELLING a portfolio of Bakken assets, and ACQUIRING a portfolio of Mildland assets for a total of US$4.275 billion

+ Prairie Provident Resources announced a very complicated recapitalization

+ reader contributions: always welcome. Please forward comments, news items, and company appointment announcements; if there you have we’ve missed, send it to kolke@facilitycalgary.com

+ RedPoint Media Group acquired The Scene magazine and YYScene

+ rig activity in Canada

+ rig counts/utilization (active/working) – US: down 4 to 751 this week; Canada: down 12 to 127 this week; full breakdown and international rig counts

+ Sun Life Financial Inc. closed the sale its UK business (£260.0 billion book) to Phoenix Group Holdings plc; that book is

+ Tax filings – hints / tips / links / contacts  for filing your 2022 returns – notice from CRA

+ Tax warning … something new for 2022 returns, with significant wallet-pain if you don’t file correctly; check this post on the ‘Underused Housing Tax’ outlining what to do, what to avoid, and how to comply with NEW rule concerning your property holdings. For questions/wayfinding, connect with National Indirect Tax Leader here in Calgary, David Crawford; or other relevant tips/links: for contractors, commodity taxes, business owners, U.S. properties, and timely right now- pricing of accounting and tax services – thanks to the gang at Achen Henderson

+ Vermilion Energy Inc. closed its $225.0 million SE Saskatchewan non-core asset sale




 CORRECTIONS ... OOPS! 

Last week we reported two items incorrectly:

+ Government of Canada tweaking the rules; amendments to the Prohibition On The Purchase Of Residential Property By Non Canadians Regulations; issued a Tax Tip memo – you might avoid tax penalties and interest if you file incorrectly on the Underused Housing Tax; CRA announced relief on the new tax lasts until October 31, 2002

This SHOULD HAVE ended with … last until October 31, 2023!

And

+ Ovintiv agreed to acquire a portfolio of Bakken/Mildland assets for a total of US$4.275 billion

This was incorrect and incomplete; because Ovintive is SELLING Bakken assets and buying  Midland assets - and should have read:

+ Ovintiv agreed to a large multi-element transaction: Ovintiv is SELLING a portfolio of Bakken assets, and ACQUIRING a portfolio of Mildland assets for a total of US$4.275 billion




 SAVE THE DATE / upcoming events

+ Apr. 12; Business Transitions Forum Alberta; FINALIZED program, TELUS Convention Centre, Calgary; info/register

+ Apr. 17-18; Smart Energy Event, Westin, Nova Scotian, Halifax; agenda / register

+ Apr. 19; Top Glass, Conference and Exhibits; The International Centre, Mississauga; info/register

+ Apr. 22; Earth Day everywhere; check out the website – earthday.ca

+ Apr. 22; Calgary Crime Stoppers Ruby Gala, Heritage Park – Gasoline Alley Museum, info/tickets

+ Apr. 23; Business Transition Forum, Alberta – Co-Chairs Kristina Williams and Cody Church – save the date; stay tuned for event registration and details

+ Apr. 23; Earth Day 2023 – theme is Invest in Our Planet

+ Apr. 24; CCVO- hosting an event for non-profit organizations – Conversation with Rachel Notley, The Grand, Calgary – info/tickets

+ Apr. 25-27; Canadian Hydrogen Convention - , Edmonton Convention Centre; details/register

+ Apr. 26; 2023 Canadian Hydrogen Convention Awards, Edmonton Convention Centre, Edmonton; awards program

+ Apr. 27; IFMA Calgary Chapter; Facility Tour and Networking event at ATCO Headquarters; reserve your spot

+ May 2-3; Williston Basin Petroleum Conference, Regina; info / register

+ May 9-11; Canada Ga & LNG Exhibition & Conference, Vancouver Convention Center; info/register

+ May 10; Southwest Ontario Real Estate Forum, Kitchener/Waterloo; agenda / register

+ May 17; Classroom Champions, Champion Chats 2023 – fundraiser/luncheon, Hyatt Regency, Calgary; info/book tables

+ May 31-June 1; Inventures Canada Conference, TELUS Convention Centre, Calgary; registration/tickets

+ June 2-4; Writer’s Guild of Alberta Annual Conference: Origins, Fort Calgary – info/register

+ June 6-7; Global Energy Transition 2023, New York, NY; agenda, information/register

+ June 6-8; 10th Operational Excellence in Energy, Chemicals & Resources Summit, Calgary – agenda/ info/register

+ June 7-8; Global Energy Transition 2023. New York; info/register

+ June 12-14; NeoCon 2023 – THE MART, Chicago – keynotes announced

+ June 13-15; Global Energy Show, Calgary – save the date

+ June 20-21; PetroChem Canada - East, Progressive Auto Sales Arena, Sarnia; info / register

+ June 21; Technology and Indigenous Development Summit, Metro Toronto Convention Centre; info/register

+ Sept. 13-14; Oil Sands Conference (Shell Place) & Trade Show (Suncor Community Leisure Centre) , Fort McMurray; conference / trade show

+ Sept. 17-21; 24th World Petroleum Congress; Energy Transitions – the path to Net Zero, BMO Centre, Stampede Park / registration; early bird registration is open

+ Sept. 26-28; BOMEX Edmonton 2023; JW Marriott/Ice District, Edmonton; details/registration open

+ Oct. 18-19; BUILDEX Alberta, 20-24; Calgary – save the date

+ Nov. 1-2; Supply Change, Conference & Expo, Westin Airport, Calgary; info / register

+ Nov. 7-8; Canadian Aerospace Summit, Ottawa - save the date

+ Nov. 14-15; Oilfield Electrification Technology Conference, Hyatt Houston West, Houston; register, submit abstracts

~~~

2024

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – save the date

[ please send your event notices and AGM notices to kolke@facilitycalgary.com ]




 INTERESTING TRENDS IN RETAIL 

+ Sleep Country Canada Holdings Inc. agreed to acquire the Canadian operations of Casper Sleep Inc. for US$20.6 million




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this site last updated May 6, 2025