+ Oct. 29-30; Business Transitions Forum, Westin Calgary; info/registration
+ Nov. 6; 6th Annual Barney Bentall and Cariboo Express/Peter Burgener Memorial Charity Concert benefit for Classroom Champions; save the date/information
+ Brooks Brothers have agreed to be acquired by Sparc Group for US$325.0 million; the plan is to retain 125 of 200 North American store locations – subject to court approval
SAVE THE DATE - CHARITY GOLF TOURNAMENTS
+ Sept. 11; Alberta Treasury Management Charity Classic – in support of Big Brothers Big Sisters of Calgary and Area, Canmore Golf & Curling Club; info/registration
+ Canadian Pacific is installing a solar energy farm at its Calgary corporate headquarters in Ogden; five-hectare development will include 500 covered parking stalls to generate 5MW of power
+ ITER working toward fusion-energy project say they are 70% complete – but fusing hydrogen atoms would be a great game-changer
+ Alberta COVID-19 stats: 224 deaths, 1,132 active cases of 11,056 cases to date: aggregate Alberta data – currently, 45 Albertans are in the hospital with COVID-19, and 10 of those are in intensive care units
+ Alberta did a Stage 2 relaunch, allowing many more businesses to re-open and allowing a wider range of public gathering activities started June 12th; state of public health emergency status for Calgary, and for Alberta, now lifted. The maximum size of outdoor gatherings has been raised to 200
+ ABTraceTogether – get the APP; GOA has launched an app which, if loaded on your phone, enables contact tracing in the event you or someone you’ve been near contracts COVID-19; this is something we should all consider getting on-board
+ Berkshire Hathaway sold its interest in Occidental Petroleum
+ CFL 2020 season cancelled
+ Circa Enterprises Inc. closed its acquisition of Teletics Inc. assets
+ City of Calgary ‘masks in public places’ bylaw went into effect August 1st ; now Calgary Transit has returned to full capacity in terms of seating restrictions
+ Firm Capital American Realty Partners Trust is changing its name to Firm Capital Apartment Real Estate Investment Trust – Firm Capital Apartment REIT
+ GMP Capital Inc. agreed to acquire 100% of Richardson GMP
+ U.S. Interior Department moving ahead with its program to allow oil drilling in the Arctic National Wildlife Refuge in Alaska – involves the sale of oil & gas leases by the end of 2020 … tic toc
+ Waterous Energy Fund combined Strath Resources Ltd. and Cona Resources Ltd.; new entity will operate as Strathcona Resources Ltd.; shareholder Paramount Resources Ltd. is opposing the move, demanding cash rather than shares … tic toc
SHAREHOLDER MEETINGS
+ Aug. 18; Optiva Inc., Annual and Special Meeting of Shareholders, Toronto
+ Aug. 24; Artis REIT, Annual Meeting of Unitholders, (virtual only)
+ Aug. 24; Doctors Eye Care Co-op Ltd., Annual General Meeting, (virtual only)
+ Aug. 25; Just Energy Group Inc., Annual and Special Meeting of Shareholders, Toronto
+ Aug. 27; Alaris Royalty Corp., Special Meeting of Shareholders, Calgary
+ Aug. 31; Alaris Royalty Corp., Special Meeting of Shareholders, Calgary
+ Sept. 9; HMH China Investments Limited, Annual General Meeting, Niagara Falls, NY
+ Sept. 10; Covington Venture Fund Inc., Special Meeting of Shareholders, Toronto
+ Sept. 14; Pipestone Energy Corp., Annual General and Special Meeting, Calgary
+ Bell Canada is on the market to raise $750.0 million in unsecured debt
+ BetterLife Pharma Inc. closed $1.362 million equity financing by private placement
+ Blackline Safety Corp. is on the market to raise $30.0 million in equity by private placement
+ Boralex Inc. is on the market to raise $175.0 million in equity
+ Cascades Inc. closed $300.0 million unsecured debt financing
+ Docebo Inc. is on the market to raise $75.0 million in equity
+ EBC securing $30.0 million in equity financings
+ GFL Environmental Inc. is on the market to raise US$750.0 million in sr. secured debt
+ Great-West Lifeco Inc. closed US$ 500.0 million senior debt financing
+ InPlay Corp. secured $25.0 million non-revolving term credit facility
+ IsoEnergy Ltd. closed $4.0 million in equity by private placement
+ Manulife Financial Corporation is on the market to raise US$1.15 billion in sr. unsecured debt in Taiwan
+ Padlock Partners UK Fund I is on the market to raise $40.0 million in equity by IPO
+ Resverlogix is on the market to raise $2.7 million in equity by private placement
+ SNC-Lavalin Group Inc. is on the market to raise $300.0 million in unsecured debt
+ Sol Cuisine Inc. closed $10.0 million equity financing
+ Talisker Resources Ltd. closed $23.0 million equity financing by private placement
+ Westport Fuel Systems Inc. secured €7 million debt financing
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*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 or non-arm’s-length transactions …
INTERESTING REAL ESTATE NEWS FROM OTHER PLACES ...
+ a BIG WOW deal in Vancouver; the St. Paul’s Hospital site on Burrard Street has been sold to Concord Pacific; multiple sources report the sale is just under $1.0 billion; funds will go to construction of a NEW St. Paul’s Hospital and other facilities at the Jim Pattison Medical Centre site – adjacent to the Via Rail station, which will open in 2026. The current hospital will operate until that time, so future development by Concord Pacific will start well beyond that date …
this week in REITS + TRUSTS
+ CAP REIT acquired an 88-door project in Halifax for $22.4 million
+ Firm Capital American Realty Partners Trust is changing its name to Firm Capital Apartment Real Estate Investment Trust – Firm Capital Apartment REIT
+ RioCan REIT struck two JV deals; in Toronto, they sold a 50% interest in the Dufferin Plaza property to Maplelands Development Inc. for $28.8 million. The second, in Ottawa, is for mixed-use development; selling a 50% interest in the Luma residential project to Killam Apartment REIT for $3.8 million
