+ Ana Avramovic to Sales Director @ Voltus Inc.

+ Ben Vendittelli to Exec. VP, Chief Investment Officer @ Groupe Mach

+ Blair Goertzen to Director @ Keyera Corp.

+ Clint Miller to Global Director, Affinity Groups @ Avison Young

+ Dana Corkey to Marketing and Creative Strategy Mgr. @ CJ Campbell Insurance Ltd.

+ David MacNaughton, Canadian Ambassador to the United States @ Government of Canada, resigned

+ David Powell to Exec. VP, Development @ Northland Power Inc.

+ David Watson to Board Chair, Southern Alberta @ Habitat for Humanity

+ Don Morrison, Director @ Spark Power Group Inc., resigned

+ Eli Aviv to VP Finance @ GuestTek Interactive Entertainment Ltd.

+ Gary Patterson, Director @ Alaris Royalty Corp., resigning

+ Greg Bay to Director @ Gear Energy Ltd.

+ Greg Kist to Pres. & CEO @ Rockies LNG Partners

+ Greg Squires to VP Operations, Western Region @ Canadian Pacific Railway Limited

+ Guy Bainbridge to Director @ Manulife Financial Corporation

+ James Clements to Sr. VP Strategic Planning and Technology Transformation @ Canadian Pacific Railway Limited

+ Jared Ducs to CFO @ Surge Energy Inc.

+ Jennifer Arezes to Sr. Underwriter, Large Property Insurance Canada @ AXA XL

+ Jessica Roberts to Sales Representative @ Knoll

+ John Macdonald to Director @ Electrovaya Inc.

+ Jordy Chilcott to Pres. @ Sun Life Global Investments (Canada) Inc.

+ Jordy Chilcott to Sr. VP Investment Solutions  @ Sun Life Global Investments (Canada) Inc.

+ Julie Dickson to Director @ Manulife Financial Corporation

+ Ken Dixon to Sr. VP, Real Estate Management @ Epic Investment Services

+ Kurt MacAlpine to CEO and Director @ CI Financial Corp.

+ Laura Schwinn to Director @ Pason Systems Inc.

+ Mark Cooper to Director of Communications @ Government of Alberta

+ Mark Redd to Exec. VP Operations @ Canadian Pacific Railway Limited

+ Meghan Road to Interim CFO @ Roots Corporation

+ Melissa Morrison to Student Appeals Officer @ University of Calgary

+ Paul Wood to Pres. & COO @ Giant Tigers Stores Limited

+ Peter Grosskopf to Director @ Alaris Royalty Corp.

+ Robert Johnson, Exec. VP, Operations @ Canadian Pacific Railway Limited, retiring

+ Teri Lang to Mgr., Engagement Relations @ Calgary Chamber of Commerce

+ Terry Yanofsky to Director @ Reitmans (Canada) Limited

+ Wilson Wang to Director @ Gear Energy Ltd.

~

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

+ Jim Donlevy, legendary former Head Coach of University of Alberta Gold Bears, educator and sportsman; 82

+ Michael McDonald, former VP Finance & CFO @ Talisman Energy; 67

+ 1 in 3 Canadians planning to switch jobs within next 12 months …

+ learning agility is key to human leadership in the new world of work

+ latest iPhone – the iPhone 11 is coming

+ The superior man understands what is right; the inferior man understands what will sell. – Confucius

+ Sustainability has to be a way of life to be a way of business. – Anand Mahindra

+ to Jon Cornish, former Calgary Stampeder running back, inducted into the Canadian Football Hall of Fame

+ kudos and a laugh: Forbes magazine have a feature article on Robyn and Mark Jones, formerly of Lethbridge, who’ve built a US$1.0 billion insurance business in Texas. The writer/editor at Forbes have no doubt missed visiting Alberta, but you gotta love their pun, indicating that the Joneses were from ‘Leftbridge, Alberta’ – you can’t make this stuff up

+ Aug. 14; CAE Inc., Annual Meeting, Saint-Laurent, QB

+ Aug. 16; Street Capital Group Inc., Special Meeting of Shareholders, Toronto

+ Aug. 21; The Wawanesa Life Insurance Company, Special Meeting of Shareholders and Policyholders, Winnipeg

+ Aug. 23; theScore Inc., Shareholder Meeting, Toronto

+ Sept. 17; Calgary Council of Voluntary Organizations (CCVO), Annual General Meeting, Calgary

~

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

 weekly newsletter

Est. July, 1999

HEADLINES: Air Canada buying Transat | Canadian Tire bought Party City | Canfor takeover bid | Intact buying On Side Restoration | Inter Pipeline in play + deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings

this  site refreshed with a new issue every Tuesday

current week data ~ updated August 13, 2019

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+ Absorb Software acquired Learning Management System Learning

+ Air Canada and Transat agreed to increase the prices of Air Canada’s acquisition of Transat; all cash transaction will be $720.0 million

+ Canadian Tire Corp. acquired 65 Party City stores across Canada for $174.4 million

+ Canfor Corp. subject to $981.6 million takeover/take private bid from Great Pacific Capital Corp.; Jim Pattison controlled Great Pacific already controls 51% of Canfor

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; western Canadian inventories declined, Saudi intervention helped but crude prices fragile after recovering from last week’s sharp dip …

+ Equicapital Income Trust and Equicapital Investment Corp. completed acquisition of 70% interest in Wingenback Inc.

+ GOA news; MLAs getting a 5% pay cut, Premier Kenney’s salary cut 10%

+ GFL Environmental Inc. acquired Evergreen Industries Ltd.

+ Intact Financial Corporation agreed to acquire On Side Restoration; terms not disclosed

+ Inter Pipeline Ltd. confirmed a takeover bid has been received from an undisclosed party …

+ Inter Pipeline Ltd. is exploring sale of its European bulk liquid storage business

+ Inter Pipeline Ltd. announced plans to construct $100.0 million/75 km. Viking Connector pipeline; will move light crude from Viking/Mannville to Edmonton

+ Morneau Shepell Inc. completed its US$57.0 million acquisition of pension administration business of Mercer in the United States

+ New West Energy Services Inc. completed its reorganization

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 8 to 934 this week; Canada: up 3 to 140 this week; full breakdown

+ Stephen Avenue street-scape redo contact awarded; Gehl Studio will design it, Stantec will execute …

+ ARTIS REIT retained advisors and set up a special board committed for a strategic alternatives review

+ Bespoke Capital Acquisition Corp. is on the market to raise US$350.o million in equity by IPO

+ Correvio Pharma Corp. closed US$13.8 million equity financing

+ Crombie REIT is on the market to raise $200.0 million in equity

+ Eguana Technologies Inc. closed $1.215 million second tranche of an unsecured convertible debt financing by private placement

+ Firm Capital American Realty Partners Corp. closed $18.1 million convertible debt financing

+ Morguard North American Residential REIT is on the market to raise $100.0 million in equity

+ PRO REIT is on the market to raise $50.0 million in equity

+ R & R REIT agreed to acquire an eight-property hotel portfolio (906 keys) for US$52.0 million

+ Stuart Olson Inc. is on the market to raise $70.0 million in convertible debt

+ Sun Life Financial Inc. is on the market to raise $750.0 million in unsecured sub. debt as its inaugural sustainability bond

+ Sun Residential REIT closed $4.5 million equity financing by IPO

+ Tidewater Midstream and Infrastructure Ltd closed $75.0 million unsecured convertible sub. debt

+ Universal mCloud Corp. secured $13.0 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 …

+ Hydro One Limited published its 2018 Sustainability Report

+ Maple Leaf Foods released its 2018 Sustainability Report [118 page PDF download]

+ following court ruling, SNC-Lavalin announced it will go forward with its $3.25 billion sale of 10.01% interest in 407 International Inc. to Canada Pension Plan Investment Board (CPPIB) who will now hold 50.1% of the Highway 407 system in the GTA

+ fantastic interview with Frank Gehry at the Aspen Institute

+ PCL consortium to handle $1.5 billion rebuild four-tower complex government complex in Toronto

+ Spark Power Group Inc. and Spark Power Services Corp. acquired 3-Phase Electrical Ltd.

+ Stephen Avenue street-scape redo contact awarded; Gehl Studio will design it, Stantec will execute …

+ Anthem Properties Group Ltd. acquired a mixed use property 45,000 sq. ft. building on 2.6 acre site near downtown Victoria

+ Centric Health Corporation agreed to sell its surgical and medical centres to Kensington Capital Advisors Inc. for $35.0 million

+ Clarke Inc. is making a bid to acquire all the shares of Holloway Lodging Corporation; deal values Holloway at $265.0 million. Clarke currently hold 51% of Holloway

+ Holloway Lodging Corporation sold two Nova Scotia hotels (Sydney and Truro) for $5.1 million and $3.0 million

+ Canadian Tire Corp. acquired 65 Party City stores across Canada for $174.4 million

+ Ivanhoe Cambridge has halted its sale process to sell a non-managing interest in a 10 Canadian mall portfolio … tic toc

+ Makage opened its first store in Calgary at Chinook Centre

+ NEXT Trucking is shaking up a niche and changing how business is done; prediction … NEXT will do to trucking what Uber did to the taxi industry

+ Prologis agreed to a staged acquisition of 473,000 sq. m. portfolio of Spanish logistics properties

+ QuadReal, Charter Hall and Abacus to acquire 68% of a Sydney, Australia office project for A$630.0 million

+ ARTIS REIT retained advisors and set up a special board committed for a strategic alternatives review

+ Crombie REIT is on the market to raise $200.0 million in equity

+ Morguard North American Residential REIT is on the market to raise $100.0 million in equity

+ PRO REIT agreed to acquire a seven-property/696,000 sq. ft. portfolio for $97.8 million

+ PRO REIT is on the market to raise $50.0 million in equity

+ R & R REIT agreed to acquire an eight-property U.S. hotel portfolio (906 keys) for US$52.0 million

+ Sun Residential REIT closed $4.5 million equity financing by IPO

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