FACILITYCalgary

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

FACILITYCalgary May 27/25

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CONVERSATIONS

Click here to access the archive (2012-2021) : archived conversations with fascinating Calgarians ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Andrea Jeffery to Director @ 407 International Inc.

+ Angie Friesen to Director of Sales & Experience @ Plains Media Group

+ Angelo Lamanna to VP National Real Estate Advisor @ CMLS Financial

+ Dale Posein to Head, Pipeline & Construction Groups @ Ledcor Industries

+ Damian Zapisocky, Director @ eQube Gaming Limited, resigned

+ David Arnold to CFO @ TMX Group

+ David Serfas to VP @ Synergy Land Services Ltd.

+ Douglas Oscrow, Director @ eQube Gaming Limited, resigned

+ Gail Goodman to Director @ Jobber

+ Graham Kendell to Director of Operations and Brewmaster @ Big Rock Brewery Inc.

+ Javier Tamargo to Director @ 407 International Inc.

+ John Friedrichsen, COO @ Colliers International Group Inc., retiring

+ Kathy Flanagan to Assistant Property Mgr. @ Canderel Management (West) Inc.

+ Kyle Winters to CEO @ NEXT Canada

+ Lec Mroczek to VP Leasing (West) @ Artis REIT

+ Marc Prefontaine to Managing Partner, Commercial Real Estate Finance @ KV Capital Inc.

+ Melissa Harper to Sr. VP & Chief Human Resources Officer @ Enbridge Inc.

+ Michael Lanzaro to Pres. & CTO @ Liberty Defense Holdings Ltd.

+ Michel Lalande to Chairman of the Board @ Ivanhoé Cambridge 

+ Natalie Godard to Client Solutions Mgr. @ Gallagher

+ Neil Parkinson to Board Chair @ Gore Mutual

+ Patricia Lisevich to Director of Philanthropy @ Calgary Academy

+ Paul Gautreau, Brewmaster & VP Operations @ Big Rock Brewery Inc., retiring

+ Peter Aman to Finance @ Rock Construction & Mining Inc.

+ Rachel Banting to Project Lead, Fort Hills Tailings @ Suncor

+ Ralph Goodale to High Commissioner for Canada to the United Kingdom

+ Sam Galick to VP Operations @ Big Rock Brewery Inc.

+ Sara Alvarado to Exec. Dir. @ Institute for Sustainable Finance

+ Sean Scott to New Business Dev. Mgr. @ MortgageLine

+ Shawn Hanson to Sr. Director, Property Mgmt. @ Triovest

+ Trevor Boes to Key Account Mgr. @ Acuren

~

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 ]




 MEMORIAM 

+ Bob Maskell; legendary Edmonton educator, former MLA, 80

+ Daniel (Dan) Harmsen; VP/Partner @ Barclay Street Real Estate, proud Danish-Canadian, wide-grinned colleague and friend; 51 – link to on-line memorial Apr. 29 – 11AM MST

+ Sharon Pollock; playwright, tour-de-force in Calgary theatre scene, Order of Canada winner, 85

+ W. Galen Weston; grocer extraordinaire, retired former Chairman of George Weston Limited, 80




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Canada’s Top 100 Greenest Employers for 2021

+ how to spot a workplace bully

+ lack of commute saves workers money

+ Zoom fatigue causes and simple fixes




 BOARD + COMMUNITY VOLUNTEER OPPORTUNITIES 

+ THIRD ACTion Film Festival, is seeking volunteers – get in on the action, great films and a fascinating volunteer experience – info/apply

[please send your community board notices to  kolke@facilitycalgary.com ]




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



 SHAREHOLDER MEETINGS

+ Apr. 28; Vermilion Energy Inc., Annual General Meeting, virtual-only

+ Apr. 29; Aberdeen Asia-Pacific Income Investment Company Limited, Special and Annual General Meeting, Cook Islands

+ Apr. 29; Baytex Energy Corp., Annual General Meeting, virtual-only

+ Apr. 29; Canfor Pulp Products Inc., Annual General Meeting, virtual-only

+ Apr. 29; Empire Life, Annual Meeting of Shareholders and Participating Policyholders, virtual-only

+ Apr. 29; Pason Systems Inc., Annual General and Special Meeting of Shareholders, virtual-only

+ Apr. 29; Transat A.T. Inc., Annual Meeting of Shareholders, virtual-only

+ Apr. 29; Yangarra Resources Ltd, Annual General Meeting of Shareholders, Calgary

+ Apr. 30; AltaGas Ltd., Annual Meeting of Shareholders, virtual-only

+ Apr. 30; Marwest Apartment REIT, Annual General and Special Meeting of Unitholders, virtual-only

+ Apr. 30; Osum Oil Sands Corp., Special Meeting of Shareholders, Calgary

+ May 4; Calfrac Well Services Ltd., Annual Meeting of Shareholders, virtual-only

+ May 4; The Equitable Life Insurance Company of Canada, Annual Meeting, virtual-only

+ May 4; TransAlta Corporation, Annual and Special Meeting of Shareholders, virtual-only

+ May 5; Boralex Inc., Annual Meeting of Shareholder, virtual-only

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

+ May 5; Maple Leaf Foods Inc., Annual Meeting of Shareholders, virtual-only

+ May 5; Sun Life Financial Inc., Annual Meetings of Shareholders and Policy Holders, virtual-only

+ May 6; Canada Life Assurance Company, Annual Meeting of Shareholders and Policyholders, virtual-only

+ May 6; Cascades Inc., Annual General Meeting of Shareholders, virtual-only

+ May 6; Crombie REIT, Annual General and Special Meeting of Unitholders, virtual-only

+ May 6; Great-West Lifeco and Canada Life, Annual Meetings, virtual-only

+ May 6; iA Financial Group, Annual Meeting of Shareholder and Participating Policy Holders, virtual-only

+ May 6; Manulife Financial Corporation and Manufacturers Life Insurance Company, Annual Meetings, virtual-only

+ May 6; PFB Corporation, Annual General Meeting, Calgary, in-person and virtual

+ May 6; Tervita Corporation, Annual and Special Meeting, virtual-only

+ May 6; Trez Capital Senior Mortgage Investment Corporation, Annual and Special Meeting of Shareholders

+ May 6; Western Forest Products Inc., Annual and Special Meeting, virtual-only

+ May 7; Ensign Energy Services Inc., Annual General and Special Shareholder Meeting, virtual-only

+ May 7; Pembina Pipeline Corporation, Annual Meeting of Common Shareholders, virtual-only

+ May 7; Recipe Unlimited Corp., Annual General Meeting of Shareholders, virtual-only

+ May 7; TC Energy Corporation, Annual Meeting of Common Shareholders, virtual-only

+ May 11; Bird Construction Inc., Annual General Meeting of Shareholders, virtual-only

+ May 11; Innergex Renewable Energy Inc., Annual General Meeting, virtual-only

+ May 11; Keyera Corp., Annual Meeting of Shareholders, virtual-only

+ May 11; MCAN Mortgage Corporation, Annual and Special Meeting, virtual-only

+ May 12; Equitable Group, Annual and Special Meeting of Shareholders, virtual-only

+ May 12; Ivari, Annual General Meeting, virtual-only

+ May 13; Precision Drilling Corporation, Annual Meeting of Shareholders, virtual-only

+ May 14; Aimia Inc., Annual Meeting of Shareholders, virtual-only
+ May 14; Genesis Land Development Corp., Annual General Meeting, virtual-only

+ May 14; SNC-Lavalin Group Inc., Annual Meeting of Shareholders, virtual-only

+ May 18; Morien Resources Corp., Annual Meeting of Shareholders, virtual-only

+ May 19; Pine Cliff Energy Ltd., Annual and Special Meeting of Shareholders, virtual-only

+ May 20; Shaw Communications Inc., Special Meeting of Shareholders, virtual-only

+ May 20; Crescent Point Energy Corp., Annual General Meeting, virtual-only

+ May 21; Resolute Forest Products Inc., Annual Meeting of Stockholders, virtual-only

+ May 25; ViveRE Communities Inc., Annual and Special Meeting of Shareholders, virtual-only

+ May 26; RF Capital Group Inc., Annual Shareholder Meeting, virtual-only

+ May 27; Jamieson Wellness Inc., Annual and Special Meeting of Shareholders, virtual-only

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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




  CLIMATE CHANGES + LEED + RENEWABLE ENERGY 

+ Canada’s Top 100 Greenest Employers for 2021

+ Government of Alberta is halting coal exploration on Category 2 lands




 KUDOS 

+ to Patrick Marleau of the San Jose Sharks and price of Swift Current, for breaking Gordie Howe’s longstanding (41 yrs.) NHL record for games played (1,767) … he’s now at 1,770 with no sign of slowing down




 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID-news/stats | Absorb Software deal | AltaGas asset sale | Bank of Canada forecast | Calgary city council approve $200.0 million downtown stimulus | CPR v. CNR … railway battle | GOA puts brakes on coal + deals + rig counts + upcoming events, appointments + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



e-mail Kevin Phone
 
OFFICE MOVERS



Request a consult
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Visit: https://www.moodystax.com
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OUR SERVICES

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TAX ACCOUNTANTS



Contact Zelos for a free consultation today
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 LEADERS IN PRIVATE WEALTH MANAGEMENT



Visit: https://www.incito.ca/
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EXECUTIVE COACHING



RETAINED EXECUTIVE SEARCH - For more information, click here.



Visit: Levvel.ca
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OUR SERVICES



Visit: https://falkbuilt.com/
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DIGITAL COMPONENT CONSTRUCTION



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CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES



 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

Please send us your events:

+ Aug. 11-15; Shaw Charity Classic – PGA Champions Tour Event, Canyon Meadows Golf and Country Club, info/website

Aug. 12; Glenn Anderson Day of Golf, in support of the Cross Cancer Institute, Derrick Golf & Winter Club, Edmonton – info/sponsor/save the date

+ Aug. 24; Alberta Cancer Foundation Golf Classic, Country Hills Golf Club; info/register

+ Sept. 8; Little Warriors Charity Golf Tournament, The Quarry course, Edmonton; info/details/donate;  register

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




 SAVE THE DATE / upcoming events

+ May 1-31; Albertans Helping Albertans Virtual 5K run/Alberta Cancer Foundation; raising funds for the Tom Baker Cancer Centre – individuals and teams; info/register

+ May 6; 6th Saskatchewan Real Estate Forum; virtual-only; info/save the date

+ May 12-13; Business Transitions Forum, Westin Edmonton; info/registration

+ May 12-13; Montreal Real Estate Forum, virtual-only; info/register

+ May 13-16; Word Economic Forum, Special Annual Meeting 2021 (postponed and moved from Davos), Singapore

+ May 19 – 20; Alberta Economic Development Leaders’ Summit * Conference; online/virtual; information/register

+ May 26-27; 22nd Edmonton Real Estate Forum, online/virtual; registration now open

+ May 31 – June 1; Egypt Petroleum Show, Cairo, Egypt; info/registration

+ June 8 & 9; Land & Development Conference; virtual-only – save the date/sponsorship

+ June 6-18; CERI 2021 Petrochemical Conference, Kananaskis Mountain Lodge; program; sign up/register

+ June 11-13 – THIRDACTion Film Festival: Projecting Possibilities; save the date / 2021 films

+ June 20; Oil & Gas Tech Summit 2021; virtual – register here

+ June 11-13; THIRDACTion Film Festival – Patricia Whalen Theatre, in-person & online - Calgary Downtown Library, and VIRTUAL; tickets/passes go on sale April 12th; SAVE THE DATES/get on the mailing list – and check out the 2020 Films

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

+ Aug. 28; Enbridge Tour Alberta for Cancer; sign up for free, no minimums – cycle from anywhere and any distance – pedal for progress; info/register

+ Sept. 12-15; Digital Construction World, Dubai World Trade Centre, info/register

+ Sept. 21 - 23; Global Energy Show, Stampede Park, Calgary, info/registration

+ Oct. 4-6 [REVSIED DATE]; NeoCon, the Mart, Chicago; info

+ Oct. 20-21; BOMEX Virtual 2021, The New Normal?, annual conference; save the date/mailing list , call for presenters

+ Dec. 6-9; World Petroleum Congress, Houston; info/registration

~

2022

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

+ Mar. 31 – Apr. 1; National Heavy Equipment Show, International Centre, Mississauga; save the date

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




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 - 2021 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com

http://facilitycalgary.com

http://markmusing.com




 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 Apr. 20 ~ 27 / 2021 


+ Alberta COVID-19 stats: 2.074 deaths to date, 20,610 active cases of 183,301 confirmed cases to date: aggregate Alberta data – currently, 616 Albertans are in the hospital with COVID-19, and 145 of those are in intensive care units; 4,084,180 tests have been administered to 2,016,531 Albertans to date

+ Alberta COVID-19 restrictions remain in effect – a RETURN TO STEP 1 FULL  - due to case levels and anticipated surge in pressure on hospitalizations as variant cases spike – Premier Kenney video shows graphs and makes hopeful assurances of ‘return to normal’ this summer, including Stampede … – we’ll see

+ Alberta COVID-19 vaccinations:  AstraZeneca vaccine now available to all Albertans over 40

+ Absorb Software acquired by Welsh, Carson, Anderson & Stowe

+ABTraceTogether – get the APP

+ AltaGas Ltd. closed the $344.0 million sale of non-core assets portfolio

+ Bank of Canada forecast implies an interest rate rise in the 2nd half of 2022

+ Calgary Council approved $200.0 million initial investment; plan to revamp downtown over the next decade with expected costs to exceed $1.0 billion

+ Canada-U.S. border re-opening postponed again; will remain closed to non-essential travel till May 21st or longer …

+ Canadian Pacific takeover/merger with Kansas City Southern is heating up; a competitive bid from Canadian National is making headlines --- looks like the gloves are off … tic toc

+ Certarus Ltd. and Caterpillar Inc. entered into MOU to explore lower carbon energy solutions

+ City of Calgary 2021 elections; now there are 12 declared candidates running for mayor: Ian Chaing, Jeremy Farkas, Brad Field , Jyoti Gondek, Larry Heather, Dean Hopkins, Kevin Johnston, Zane Novak,Teddy Ogbonna, Shaoli Wang,  Grace Yan, Zac Hartley and  56 candidates so far have filed nomination papers for 14 Ward seats on council

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices up a tick – low U.S. dollar attributed …

+ Government of Alberta is halting coal exploration on Category 2 lands

+ Government of Canada – fact/opinion of 739-page, 2021 budget continues to unfold; comments from PSAC, from Osler, from BLG, Mental Health Commission, Moodys Tax, Green Building Council, Blakes, Canadian Gas Association, Andre Coyne -

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  – March issue, archived issues

+ Inter Pipeline Ltd. making progress in fending off Brookfield Infrastructure Partner’s takeover bid for its $4.0 billion Heartland Petrochemical Plan, or maybe pushing the price; announced they’ve signed contracts for 60% of the plant’s initial output

+ People Express Transport Ltd. is in receivership; Alvarez & Marsal Canada Inc. is the receiver

+ PROPERTYlines;  – monthly commercial real estate newsletter  CLICK HERE to CHECK OUT THE March issue;  archived PROPERTYlines Issues

+ rig activity in Canada

+ rig counts (active/working) – US: down 1 to 438 this week; Canada: down 1 to 55 this week; full breakdown and international rig counts

+ Trans Mountain Pipeline expansion project drama, again; this time expansion has been halted for four months on a 1 km. stretch of the route to protect hummingbird nests; apparently those hummingbirds are not able to travel outside their health region …




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Aéroports de Montréal closed $400.0 million debt financing

+ AutoCanada Inc. closed $125.0 million debt raise

+ A&W Food Services of Canada Inc. secured $40.0 million credit facility

+ CanWel Building Materials Group Ltd. is on the market to raise $75.0 million in equity

+ Corus Entertainment Inc. is on the market to raise $500.0 million in sr. unsecured debt

+ Cymat Technologies Ltd. is on the market to raise $4.3 million in equity

+ Datable Technology Corp. closed final $1.387 million tranche of an unsecured convertible debt raise

+ Etruscus Resources Corp. is on the market to raise $1.5 million in equity by private placement

+ exactEarth Ltd. secured $6.0 million credit facility

+ Exchange Income Corporation closed $80.0 million equity raise

+ Grayhawk Investment Strategies Inc. completed $13.0 million equity raise

+ K.B. Recycling Industries Ltd. closed $11.4 million equity raise by IPO

+ Luminex Resources Corp. is on the market to raise $12.5 million

+ Metallis Resources Inc. is on the market to raise $3.5 million in equity by private placement

+ National Bank of Canada closed $500.0 million debt financing

+ Northland Power Inc. closed $990.0 million equity raise

+ Padlock Partners UK Fund II is on the market to raise $20.0 million in equity by IPO

+ Ridgewood Canadian Investment Grade Bond Fund closed $8.1 million equity raise by private placement

+ Rogers Sugar Inc. is on the market to raise $100.0 million in sr. debt by private placement

+ Southern Energy Corp. is on the market to raise $6.0 million in equity by private placement

+ Taiga Motors Corporation completed a $151.0 million qualifying transaction and private placement raise

+ TeraGo closed $14.7 million equity financing by private placement

+ Thinklific Labs Inc. is on the market to raise $160.0 million in equity by IPO

+ Vision Lithium Inc. closed $3.6 million equity financing by private placement

+ Vitality Products Inc. closed $1.02 million equity financing by private placement

+ WELL Health Technologies Corp. secured US$300.0 million credit facility

*editor’s note: names 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 …




PUT YOUR 
ADVERTISEMENT HERE
 request details/rate quotes:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Graham won $475.0 million Ryerson campus project in Toronto

+ Stantec and KPMB Architects are on a great gig – a 10 yr. project to transform SickKids in Toronto




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ Aecon Group Inc. released its 2nd annual Sustainability Report

+ Ballard Power Systems Inc. published its 2020 ESG Report

+ Caisse de dépôt et placement du Québec released its 2020 Stewardship Investing Report

+ National Bank of Canada released its 2020 ESG Report

+ Tm Hortons launched their Tims For Good sustainability platform




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ in Riyadh … the King Salman Energy Park project; US$570.0 million investment by Oilfields Supply Center Limited

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 INTERESTING TRENDS IN RETAIL ... 


+ Gap’s Athleta unit has aggressive plans to open stores in Canada; 20-30 stores/year, starting with Yorkdale (Toronto) and Park Royal (Vancouver) this fall

+ Lululemon is entering the resale market (as are many high-end retail brands) as outlined in its Impact Agenda …. but, seriously, used stretchy yoga pants? … eeww…

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE ... 


+ Bluebird Self Storage acquired five locations in Alberta from StoreSmart Self Storage; 3,000 units/363,000 sq. ft.

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to Sept. 21-23, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners




 QUOTES 

+ Serving our customers brilliantly and profitably over the long haul is a product of brilliantly serving over the long haul the people who serve the customer. – Tom Peters

+ So there’s no such thing as work-life balance. There’s work, and there’s life, and there’s no balance. – Sheryl Sandberg




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this site last updated May 27, 2025