+ Enbridge’s 7th annual Ride to Conquer Cancer (the Calgary episode) raised $7.8 million for cancer research; proceeds went to the Alberta Cancer Foundation last weekend
+ On the average, five times as many people read the headline as read the body copy. When you have written your headline, you have spent eight cents out of your dollar. – David Ogilvy
+ Change almost never fails because it is too early. It almost always fails because it is too late. – Seth Godin
SHAREHOLDER MEETINGS
+ Aug. 24; Sequa Petroleum N.V., Extraordinary General Meeting of Shareholders, Amsterdam
+ Sept. 29; Deep Well Oil & Gas Inc., Edmonton
+ Jan 13/16; Groundstar Resources Limited, Calgary
+ Alliance Pipeline Inc. shut down a section of its mainline to evacuate and flare H2S that got into their system; flaring of the isolated H2S has commenced near Arcola, SK; no timetable yet on re-start of shipper injections into the pipeline as the flaring will take several days
+ Anterra Energy Inc. agreed with AddChance Holdings Limited for AddChance to aquire 70% of Anterra
+ Iron Tank Resources Corp. agreed to acquired Spriza Inc. for $2.75 million
+ Laura’s Shoppe P.V. Inc. is in bankruptcy; operates 150 stores under Laura, Laura Petites, Laura Plus and Melanie Lynne banners
+ Northern Property REIT agreed to acquire/merge with True North Apartment REIT and an additional 4,650 suites owned by Starlight Investments; deal will create a $3 billion entity/25,000 unites; subject to both REITS board approval, new entity will be Northview Apartment REIT
+ Pengrowth Energy Corp. cut its 2015 CapEx budget by $30 million to $200 million
+ Striker Exploration Corp. closed its $8 million acquisition of Wilson Creek area assets
+ Suncor Energy Inc. is planning adding a coker to its Montreal refinery to process bitumen; capital cost expected to be well over $1 billion
+ Terra Energy Corp. engaged advisors to advise on options to enhance shareholder value
+ Touchstone Exploration Inc. sold undeveloped acreage at Dodsland, Saskatchewan for $4.2 million
+ Waldron Energy Corporation news; stock trading suspended, in-default to debenture holders … tic toc
THIS WEEK IN FINANCINGS
- proposed & closed
+ Acasta Capital Inc. closed $50.2 million overallotment of its recent IPO
+ Artisan Energy Corporation is on the market to raise $2.0 million in equity
+ Cordy Oilfield Services Inc. closed the sale of its Cordy Manufacturing Inc. subsidiary
+ Firm Capital Property Trust is on the market to raise $10,080,000 in equity
+ Kineticor Resource Corp. closed $80 million equity financing
+ Long Run Exploration Ltd. is on the market to raise $200 million in equity
+ Marksmen Energy Inc. closed $97,750 common share & warrants issue
+ Northern Spirit Resources Inc. closed $23.6 million equity financing
+ Pine Cliff Energy Ltd. secured $70 million credit facility
+ Striker Exploration Corp. closed $8 million equity financing
+ Woodfine Professional Centres LP is on the market to raise $7 million in equity
INFRASTRUCTURE / P3
+ Infrastructure Ontario and Centre for Addiction and Mental Health shortlisted three teams to Design, Build, Finance and Maintain a Phase 1C LEED Silver redevelopment – Plenary Health, FHBT Group and EllisDon Infrastructure Healthcare – 600,000 sq. ft. of new build
CLIMATE CHANGE / LEED / RENEWABLE ENERGY
+ S2E Technologies completed installing Canada’s largest contiguous solar farm near Halimand, ON; 100MW project is a JV of Samsung Renewable Energy, Conner, Clark & Lunn Infrastructure and Six Nations of Grand River
+ Canada Pension Plan Investment Board formed a JV with Health Care REIT Inc. to hold a Southern California medical office buildings portfolio
+ Canada Pension Plan Investment Board acquired five student residence buildings in the UK (Cardiff, London, Manchester, Newcastle) for $672 million
+ John Hancock div. of Manulife Financial announced a new-build Class A office building in Boston; at 380 Stuart Street in the Back Bay area, 625,000 sq. ft. budgeted at US$350 million
+ Pure Multi-Family REIT LP agreed to sell its 236 unit Oakchase Apartment project in Arlington, Texas for US$17.85 million
this week in REITS
+ Allied Properties REIT agreed to acquire office & retail components of 560 King Street West for $28 million
+ Canada Pension Plan Investment Board formed a JV with Health Care REIT Inc. to hold a Southern California medical office buildings portfolio
+ Northern Property REIT agreed to acquire/merge with True North Apartment REIT and an additional 4,650 suites owned by Starlight Investmetns; deal will create a $3 billion entity; subject to both REITS board approval, new entity will be Northview Apartment REIT
+ Pure Multi-Family REIT LP agreed to sell its 236 unit Oakchase Apartment project in Arlington, Texas for US$17.85 million
