+ Amber Haworth to Director, Liquids Commercial Services

+ Ashish Joshi to CFO @ Aptiva Inc.

+ Blake Reichert to Head of Personal Lines @ Western Financial Group

+ Brian Griffin to Director @ CRH Medical Corporation

+ Cesare Fazari to CEO & Chairman @ RYU Apparel Inc.

+ David Johnson, Director @ Secure Energy Services Inc., retiring

+ Duncan Davies to Director @ Pinnacle Renewable Energy Inc.

+ Greg Bury to VP Bus. Dev. @ Vepica-Canada

+ Heather Barnhouse to Director @ Alberta Indigenous Opportunities Corporation

+ James Rajotte to Alberta Representative, Washington Trade Office @ Government of Alberta

+ Jane Halford to Chair, Board of Directors @ Farm Credit Canada

+ Jason Parks to Sales Mgr. @ AthleteHub Inc.

+ Jason Pigeon to Enterprise Account Mgr. @ MOBIA Technology

+ Joe McFarlane to VP Finance & CFO @ ARROW Exploration Corp.

+ John Newman, CFO @ ARROW Exploration Corp., dismissed

+ Kerrie Senyk to Project Mgr. @ CMH Heli-Skiing & Summer Adventures

+ Manon Bouillette to Director @ National Bank of Canada

+ Michael Lende to CEO & Director @ Internet of Things Inc.

+ Mike Mathias to Exec. VP & CFO @ American Eagle Outfitters

+ Murray Cobbe, Director @ Secure Energy Services Inc., retiring

+ Paul Paynter to Production Mgr. – Energy Sector @ Crownsmen Partners

+ Tara McCarville to Director @ WELL Health Technologies Corp.

+ Thomas Hansen to Director @ The Genesis Centre

+ William White to Exec. VP, Marketing @ Walmart

+ Yvon Charest to Director @ National Bank of Canada

~

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

+ John Hopkins; retired VP Store Planning and Buildings, Woodward’s Department Stores, 91

+ COVID-19 HR challenges

+ Evans Consoles have a great looking personal partition system for their workstation systems

+ working at home and staying sane

+ Canada Goose launched its Sustainable Impact Strategy ‘It matters’ – their aim is Carbon Neutrality by 2025

+ National Capital Commission has postponed its development proposal plans for LeBreton Flats lands due to COVID-19 … tic toc

+ CPP Investments in JV with APG and ESR Caymen to invest in US$2.0 billion in South Korea logistics properties; ESR-KS II is a development JV looking to develop in Seoul and Busan metro areas

+ Canada Goose launched its Sustainable Impact Strategy ‘It matters’ – their aim is Carbon Neutrality by 2025

+ National Bank of Canada signed a carbon credits purchase agreement with the Natural Conservancy of Canada as part of the Darkwoods Forest Carbon Project

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HEADLINES: AIMCo loss | Alberta COVID stats + news | Calgary Stampede cancelled | Chinook acquired | Return acquires Bellatrix | Sylogist acquired Information Strategies + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos

+ GFL Environmental Inc. is on the market to raise US$500.0 million in sr. secured debt by private placement

+ NFI Group Inc. secured a new $250.0 million unsecured credit facility

+ Inter Pipeline Ltd. secured a new $1.0 billion unsecured revolving credit facility

+ Return Energy Inc. is on the market to raise $64.0 million in equity by private placement

+ Shaw Communications Inc. closed $500.0 million sr. debt financing

+ Slate Asset Management L.P.,’s Third European Real Estate Fund raised @ closed its $381.0 million equity raise

+ SPoT Coffee (Canada) Ltd. is on the market to raise $3.0 million in debt

~

*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 …

+ bricks & mortar retailers are producing a supply-chain ripple effect; closed stores are canceling orders, so suppliers (jobbers, wholesalers, and manufacturers) must stop shipping goods, stop making them, and consequently stop sourcing materials in all sectors; it’s not just clothing and footwear, but every department in every store – so when stores open, inventory assortments may be spotty for the next few seasons …

+ Gordon Brothers acquired the Laura Ashley brand out of COVID-19 caused bankruptcy; retail stores currently throughout U.K. and Ireland; Gordon Brothers looking at US store opportunities

+ J.C. Penny in talks with lenders to avoid bankruptcy filing

+ a U.S. survey done by ICSC says 60% of Americans will feel comfortable returning to malls once lockdown restrictions are lifted

+ to companies donating funds or services to COVID-19 impacted Canadians: Ace Plumbing and Heating offering free delivery of groceries, complimentary furnace filter replacement, and water softener salt; 407ETR $5.2 million to United Way and hospital; ATCO Ltd. providing 10 Mobile Health Units

+ It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price. – Warren Buffett

+ If opportunity doesn’t knock, build a door. – Milton Berle

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 weekly newsletter

Est. July, 1999

+ AIMCo reported to have experienced $3.0-4.0 billion trading loss; investment strategy blindsided by COVID-19 market volatility

+ Alberta COVID-19 statistics; 75 deaths so far: 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-wide; group gatherings limited to fifteen (15); public health orders. All Albertans with symptoms of COVID-19 are eligible to be tested.

+ Bank of Canada commencing a $10.0 billion corporate bond-buying program; TD Asset Management will run the program

+ Calgary Stampede 2020 I CANCELLED; COVID-19 risks and GOA regulations about public gatherings prevents all event until the end of August, so a postponement is ‘not-an-option’; many other summer events are now on ice as well; Folk Festival, Fringe Festival, and many others …

+ Calgary’s State of Emergency status continues; parks are open provided users practice safe-distancing

+ Canada: Canada Emergency Response Benefit (CERB); $2K/week every 4 weeks for eligible workers who’ve lost income – expanded eligibility. The Canada Emergency Business Account (CEBA) program expanded to support businesses to pay their rent. $73 billion wage subsidy program supporting employers launched; payments expected May 7th. $9.0 billion in support for students.

+ Chorus Aviation Inc. adopted a shareholder rights plan

+ Dominion Diamond Mines filed for CCAA protection

+ Enerplus Corporation announced a further reduction in its 2020CapEx Budget by a further $25.0 million to $300.0 million

+ CDC guidance; prevent the spread

+ Chinook Energy Inc. got shareholder and court approval of their $15.0 million plan of arrangement/takeover by Tourmaline Oil Corp. and closed the transaction

+ COVID-19 virus watch: case growth graphic from December till now – updated daily; worldwide death total is over 170,000 deaths, 2.5 million identified cases

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; prices jumpy, crude-chaos as the industry scrambles to store excess crude …

+ Government of Alberta launched a $1.0 billion Site Rehabilitation Program to provide abandoned well reclamation work/jobs

+ Keyera Corp. reduced its 2020CapEx Budget to $475.0 million

+ Mullen Group laying off 1,000 – establishing a $5.0 million family assistance fund

+ OMERS shelved their OneEleven tech-accelerator venture

+ Return Energy Inc. (changing name to Spartan Delta Corp.) will acquire all the assets of Bellatrix Exploration Ltd. for $87.4 million; sale is subject to Court approval and conclusion of CCAA process

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 64 to 465 this week; Canada: down 4 to 26 this week; full breakdown

+ Strad Inc. completed its going-private transaction

+ SustainCo Inc. closed its sale of Clean Energy Developments Corp. to Groundheat Solar Wind Corp.

+ Sylogist Ltd. acquired Information Strategies Inc. for $3.5 million

+ WestJet announced a layoff of another 3,000 employees as demand collapses; passenger travel at 5% of normal levels

+ Apr. 28; Secure Energy Services Inc., Annual Meeting of Shareholders, Calgary (and virtual)

+ Apr. 28; TransAlta Renewables Inc., Annual Meeting of Shareholders, (virtual only)

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

+ Apr. 29; Aimia Inc., Annual and Special Meeting of Common Shareholders, (virtual only)

+ Apr. 29; Cenovus Energy, Annual Meeting of Shareholders, Calgary

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

+ May 1; TC Energy Corporation, Annual Meeting of Common Shareholders, (virtual only)

+ May 5; Crown Capital Partners Inc., Annual and Special Meeting of Shareholders, (virtual only)

+ May 5; CT REIT, Annual Meeting, (virtual only)

+ May 5; The Equitable Life Insurance Company of Canada, Annual Meeting of Policyholders, Waterloo, ON

+ May 5; Freehold Royalties Ltd., Annual and Special Meeting of Shareholders, (virtual only)

+ May 5; Great Canadian Gaming, Annual General Meeting, Toronto, (and virtual)

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

+ May 5; Ritchie Bros. Auctioneers Incorporated, Annual Meeting of Shareholders, (virtual only)

+ May 5; Sun Life, Annual Meeting of Common Shareholders, Toronto

+ May 6; Alaris Royalty Corp., Annual General and Special Meeting, (virtual only)

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

+ May 6; Gear Energy Ltd., Annual Meeting of Shareholders, Calgary

+ May 6; Gibson Energy UULD, Annual General Meeting, (virtual only)

+ May 6; Gran Tierra Energy Inc., Annual General Meeting, (virtual only)

+ May 6; Norbord Inc., Annual General Meeting, (virtual only)

+ May 6; Parkland Fuel Corporation, Annual General Meeting, (virtual only)

+ May 6; Suncor Energy Inc., Annual General Meeting of Shareholders, (virtual only)

+ May 6; Torstar Corporation, Annual General Meeting, Toronto (and virtual)

+ May 7; ARC Resources Ltd., Annual Meeting of Shareholders, (virtual only)

+ May 7; Baytex Energy Corp., Annual General Meeting, Calgary, (and virtual)

+ May 7; Canadian Tire Corporation Limited, Annual Meeting of Shareholders, (virtual only)

+ May 7; Crombie REIT, Annual General Meeting of Unitholders, (virtual only)

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

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

+ May 7; SNC-Lavalin, Annual General Meeting, (virtual only)

+ May 8; Ensign Energy, Annual Meeting of Shareholders, Calgary

+ May 8; IGM Financial Inc., Annual Meeting of Shareholders, (virtual only)

+ May 11; Tervita Corporation, Annual General Meeting of Shareholders, (virtual only)

+ May 12; Innergex Renewable Energy Inc., Annual General Meeting of Shareholders, (virtual only)

+ May 12; Keyera Corp., Annual Meeting of Shareholders, Calgary

+ May 12; MCAN Mortgage Corporation, Annual General Meeting, (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 12; Surge Energy Inc., Annual General Meeting, Calgary

+ May 12; TVA Group. Inc., Annual General Meeting, Montreal, (and virtual)

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

+ May 13; Summit Industrial Income REIT, Annual General Meeting of Unitholders, Dartmouth, NS (and virtual)

+ May 13; Tamarack Valley Energy Ltd., Annual General & Special Meeting, (virtual only)

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

+ May 14; Akumin Inc., Annual and Special Meeting of Shareholders, (virtual only)

+ May 14; Crescent Point Energy Corp., Annual and Special Meeting of Shareholders, (virtual only)

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

+ May 14; Invesque Inc., Annual General Meeting, Carmel, Indiana (and virtual)

+ May 14; Leon’s Furniture Limited, Annual Meeting of Shareholder, Toronto (and virtual)

+ May 14; Precision Drilling Corporation, Annual and Special Meeting of Shareholders, Calgary

+ May 14; Shawcor Ltd., Annual Meeting of Shareholders, (virtual only)

+ May 15; First National Financial Corporation, Annual Meeting of Shareholders, (virtual only)

+ May 20; Frontera Energy Corporation, Annual General and Special Meeting of Shareholders, Toronto (and virtual)

+ May 21; Economical Mutual Insurance Company, Annual Meeting, (virtual only)

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

+ May 28; The Wawanesa Mutual Insurance Company, Wawanesa, MB

+ May 28; The Wawanesa Mutual Life Insurance Company, Wawanesa, MB

+ June 5; Emera Inc., Annual Meeting of Shareholders, Halifax

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

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

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

+ Aug. 11; Optiva Inc., Annual and Special Meeting of Shareholders, Toronto

~

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