+ Andrea McLane to VP, Group Risk Mgmt.-Commercial @ RBC

+ Andrew Osmack to Chief Revenue Officer @ BlueRush Inc.

+ Benjamin Dlin to Enterprise Account Executive @ MOBIA Technology Innovations Inc.

+ Chris Graham to VP Finance & CFOR @ Petrus Resources Ltd.

+ Dr. Chris Savile to COO @ Willow Biosciences Inc.

+ Dr. Jill Hagel, VP Applied Science @ Willow Biosciences Inc., left the company

+ Dr. Peter Facchini, Chief Scientific Officer @ Willow Biosciences Inc., left the company

+ Elizabeth Stewart to Family Law Associate @ Nerland Lindsey LLP

+ Fred Thun to Exec. VP & CFO @ United Farmers of Alberta

+ Glenn Koach, Director @ Zargon Oil & Gas Ltd., resigned

+ Jane Gavan to Director @ Colliers International Group Inc.

+ Karen Meades to Dir. Marketing @ CUPS Calgary

+ Logan Knoll to Sr. Consultant @ Altus Group

+ Neil Masterson, Co-COO, Operations & Enablement @ Thomson Reuters, left the company

+ Normand Drolet to Exec. Chairman and Interim CEO @ Mondias Natural Products Inc.

+ Sarbjit Basra to Managing Partner @ Davies Ward Phillips & Vineberg LLP

+ Sheila Botting to Pres., Americas Professional Services @ Avison Young

~

 [send us your appointment notices  kolke@facilitycalgary.com ]

+ HRO Today’s – HR responds to COVID-19 special issue

+ wage subside program boosts options for employers

+ Zoom usage is burgeoning; critics have concerns about quality of encryption, Chinese firms/programmers in the background and safety of children’s information

+ Wuhan ramping up to re-open

+ pop-up hospitals to serve COVID-19 needs

+ Renoworks Software Inc. launched an on-demand roof measurements tool and 3D modules; measurement without a home visit

+ restroom innovation - Bunzl raises the bar on hygiene compliance; check out WandaNext

+ Site C dam project in BC facing concerns – 10 COVID-19 cases so far in 1,000 worker camp

+ 3D Rendering Software – free trial from Lumion

+ Alberta announced a near doubling of infrastructure budge for maintenance; a $937.0 million boost, now budgeted at $1.9 billion program to create jobs repairing roads, bridges, and schools

+ Peter Lougheed Centre will have a temporary additional facility on the parking lot; Sprung Structures donating a 6,000 sq. ft. structure, Falkbuilt will provide interior fit-up for 100 patient care spaces

+ WeWork is suing SoftBank for failure to go forward with a $3.0 billion tender offer that would have taken out minority shareholders … tic toc

+ BSR REIT sold three noncore properties (632 apartments) for $52.5 million

+ Fronsac REIT acquired a retail/grocery property in Gatineau, QC for $4.6 million

+ Inovalis REIT adopted a unitholder rights plan

FACILITYCalgary FREE

FACILITYCalgary FREE

HEADLINES: Alberta shutdown continues | COVID-19 updates | crude markets chaotic | GOA boots infrastructure maintenance budget | Global Energy Show cancelled + deals + rig counts + upcoming events, appointments + REIT NEWS + financings + quotes + kudos

+ Blackstone Real Estate Partners Europe VI Fund closed US$10.7 billion equity raise

+ Emergia Inc. is on the market to raise $15.0 million in equity by private placement

+ Exxon Mobil Corp. closed US$9.5 billion debt financing

+ HEXO Corp. closed $46.0 million equity financing by IPO

+ People Corporation closed $22.0 million equity financing by private placement

+ Suncor Energy Inc. is on the market to raise $1.25 billion in debt

+ TD Bank Group is on the market to raise $3.0 billion in sub. debt

+ Tecsys Inc. is on the market to raise $20.0 million in equity

+ West Fraser Timber Co. Ltd. secured $150.0 million revolving credit facility

~

*editor’s note: names companies involved in debt financing transactions we report in this section are ALWAYS the borrower; we report ‘fresh raises’ and do not report secondary offerings …

+ in the U.S., landlords are furious with Staples; they’ve not paid April rent notwithstanding many of its stores remain open … tic toc

+ Indigo Books & Music Inc. rehiring 545 workers

+ StorageVault Canada Inc. acquired three stores in Manitoba (Brandon & Winnipeg), for $11.545 million

+ to organizations who made major donations to support food banks, the Red Cross, and community organizations across Canada:  National Bank of Canada ($1.0 million), McCain Foods (20.0 million pounds of potatoes), Canadian Tire Corporation ($5.0 million)

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 weekly newsletter

Est. July, 1999

+ Advantage Oil & Gas Ltd. agreed to sell 12.5% interest in its Glacier Gas Plant for $100.0 million

+ Alberta announced a near doubling of infrastructure budge for maintenance; a $937.0 million boost, now budgeted at $1.9 billion program to create jobs repairing roads, bridges, and schools

+ Alberta COVID-19 statistics; 46 deaths so far in Alberta: aggregate Alberta data; self-assess if you think you have symptoms; best up-to-date site on cases, deaths, and recoveries by country from Johns Hopkins

+ Alberta COVID-19 hospitalizations expected to peak in May, 800 cases anticipated, 250 expected to be in ICU, up to 3,100 deaths anticipated

+ Alberta-wide; group gatherings limited to fifteen (15); public health orders. All Albertans with symptoms of COVID-19 are eligible to be tested. Calgary zone residents with symptoms eligible for COVID-19 testing; Premier Kenny’s address to Albertans last Tuesday - outlining projected, infections/cases, deaths, unemployment, and revised deficit; hospitalizations expected to peak in late May. Unemployment expected to hit 27% soon …

+ Calgary’s State of Emergency status continues; property tax deadline extended to Sept. 30; all public events cancelled until June 30;

+ Canada: the Canadian Emergency Business Account loan program was rolled out – applications are being handled/processed/administered by banks; 0.00% interest, no principal payments until Dec. 31/22; Canadian Bankers Association release. Parliament passed the Canada Emergency Wage Subsidy program amendment to the Income Tax Act; eligible employers can get up to 75% subside for a 12-week period

+ CDC guidance; prevent the spread

+ COVID-19 virus watch: case growth graphic from December till now – updated daily

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; G20 oil ministers meeting expected to lead to a consensus on market stabilization; Alberta’s Energy Minister Savage talking to OPEC+ group, G20 Energy Ministers conferencing, OPEC and Russia led non-OPEC producers (OPEC+) agreed to cut global crude output by 10.0 million bpd – in hopes of finding a floor for price; Saudi Arabia’s shipping and sales activities suggest they are saying one thing while doing another. Industry watchers expect new agreements to be doubtful until COVID-19 shutdowns ease … tic toc

+ ExxonMobil reduced its 2020CapEx Budget from US$33.0 billion to US$23.0 billion

+ Global Energy Show postponed; new dates Jun8-10, 2021

+ Imagination Park Technologies Inc. changed its name to ImagineAR Inc.

+ Inovalis REIT adopted a unitholder rights plan

+ Just Energy Group Inc. sold 100% of interest in Just Energy Japan KK to Astmax Trading Inc.

+ OPEC+ producers agreed to reduce production by 10.0 million bpd …  

+ Peter Lougheed Centre will have a temporary additional facility on the parking lot; Sprung Structures donating a 6,000 sq. ft. structure, Falkbuilt will provide interior fit-up for 100 patient care spaces

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 62 to 602 this week; Canada: down 6 to 35 this week; full breakdown

+ U.S. reaction to COVID-19 is vacillating between Trump wanting to re-open the economy soon, doctors urging delays – and statistics are the world’s worst so far; governors of groups of states on east and west coasts are cooperating in planning a ‘path to normalcy’; meanwhile Trump says re-opening is his decision, but no plan has been articulated … tic toc

+ West Fraser Timber Co. Ltd. adopted a shareholder rights plan

+ WestJet announced plans to re-rehire 6,400 workers with help from federal government wage subsidy

+ Apr. 15; Quarterhill Inc., Annual Meeting of Shareholders, (virtual only)

+ Apr. 15; Africa Oil Corp., Annual General and Special Meeting of Shareholder, Vancouver

+ Apr. 20; Strad Inc., Special Meeting of Shareholders, (virtual only)

+ Apr. 21; Canadian Pacific Railway Limited, Annual Meeting of Shareholders, (virtual only)

+ Apr. 21; Prairie Sky Royalty Ltd., Annual General Meeting, (virtual only)

+ Apr. 21; Sienna Senior Living Inc., Annual General Meeting, Markham, (and virtual)

+ Apr. 21; TransAlta Corporation, Annual and Special Meeting of Shareholders, (virtual only)

+ Apr. 21; West Fraser Timber Ltd., Annual General Meeting, Vancouver

+ Apr. 22; Kelt Exploration Ltd., Annual Meeting of Shareholder, Calgary (and virtual)

+ Apr. 22; Whitecap Resources Inc. Annual and Special Meeting, (virtual only)

+ Apr. 23; Calgary Real Estate Board, Annual General Meeting, Calgary (livestream only)

+ Apr. 23; Canfor Pulp Products Inc., (virtual only)

+ Apr. 23; Cervus Equipment Corporation, Annual General Meeting, (virtual only)

+ Apr. 24; Choice Properties REIT, Annual Meeting of Unitholders, (virtual only)

+ Apr. 24; National Bank of Canada, Annual Meeting of Shareholders, (virtual only)

+ Apr. 28; A & W Revenue Royalties Income Fund, (virtual only)

+ Apr. 28; Western Energy Services Corp., Annual General Meeting, Calgary (and virtual)

+ Apr. 29; Cenovus Energy, Annual Meeting of Shareholders, (virtual only)

+ Apr. 29; Westport Fuel Systems Inc., Annual and Special Meeting of Shareholders, (virtual only)

+ Apr. 30; Empire Life Insurance Company, Annual Meeting of Shareholders and Policyholders, Toronto (and virtual)

+ Apr. 30; Pason Systems Inc., Annual General Meeting, (virtual only)

+ Apr. 30; Yangarrra Resources Ltd., Annual General and Special Meeting, (virtual only)

+ May 1; AltaGas Ltd., Annual Meeting of Shareholders, (virtual only)

+ May 5; Enbridge Inc., Annual Meeting of Shareholders, (virtual only)

+ May 5; Parex Resources Inc., Annual General and Special Meeting of Shareholders, Calgary

+ May 5; Petrus Resources Ltd., Annual General Meeting, Calgary (and virtual)

+ May 5; Sun Life Assurance Company of Canada, Annual Meeting of Common Shareholders, (virtual only)

+ May 6; European Residential REIT, Annual Unitholders Meeting, Toronto

+ May 6; Intact Financial Corporation, Annual Meeting of Shareholders, (virtual only)

+ May 7; Canada Life, Annual Meeting of Shareholders and Policy Holders, Winnipeg (and virtual)

+ May 7; E-L Financial Corporation Limited, Annual Meeting of Shareholders, Toronto (and virtual)

+ May 7; Great-West Lifeco Inc., Annual Meeting of Shareholders and Policy Holders, Winnipeg (and virtual)

+ May 7; iA Financial Group, Annual Meetings, (virtual only)

+ May 7; Inter Pipeline, Annual and Special Meeting of Shareholders, (virtual only)

+ May 7; Manulife Financial Corporation, 2020 Annual Meeting of Shareholders, (virtual only)

+ May 7; Paramount Resources Ltd., Annual General Meeting, (virtual only)

+ May 7; SNC-Lavalin, Annual General Meeting, Montreal

+ May 8; Enerflex Ltd. Annual and Special Meeting of Shareholders, (virtual only)

+ May 12; Keyera Corp., Annual Meeting of Shareholders, (virtual only)

+ May 12; Optiva Inc., Annual and Special Meeting of Shareholders, Toronto

+ May 12; Resolute Forest Products Inc., Annual Meeting of Shareholders, Saguenay

+ May 13; Cardinal Energy Ltd., Annual Meeting of Shareholders, Calgary

+ May 13; TransGlobe Energy Corporation, Annual General and Special Meeting, Calgary

+ May 14; Emera Inc., Annual Meeting of Shareholders, Toronto

+ May 14; Precision Drilling Corporation, Annual and Special Meeting of Shareholders, (virtual only)

+ May 15; Equitable Group Inc., Annual Meeting of Shareholders, (virtual only)

+ May 21; Return On Innovation Fund Inc., Annual General Meeting of Shareholders, Toronto

+ May 21; Sleep Country Canada Holdings Inc., Annual and Special Meeting of Shareholders, (virtual only)

+ May 21; Sun Life Global Investments, Special Meeting of Securityholders, Toronto

+ June 2; Aecon Group Inc., Annual Meeting of Shareholders, (virtual only)

+ June 2; TIMIA Capital Corporation, Annual Shareholder Meeting, (virtual only)

+ June 18; CI Financial Corp., Annual Meeting of Shareholders, (virtual only)

+ June 23; Pinnacle Renewable Energy Inc., Annual General Meeting, Vancouver

+ June 25; Cascades, Annual General Meeting, (virtual only)

+ June 25; Melcor REIT, Annual General Meeting, (tbd)

+ June 25; Melcor Developments Ltd., Annual General Meeting, (tbd)

+ June 26, Winpak Ltd., Annual Meeting of Shareholders, Winnipeg

+ Aug. 11; Just Energy Group Inc., Annual and Special Meeting of Shareholders, Toronto

~

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