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+ Andrea McLane to VP, Group Risk Management – Commercial @ RBC

+ Casey Coates to Head, Commercial Banking Canada @ Citi

+ Cheryl Kong to CFO @ Fineqia International Inc.

+ Daryl Stepanic to Partner @ Griffon Partners

+ Don Lindsay, Pres. & CEO @ Teck Resources Limited, retiring

+ Ed LaFehr, CEO & Director @ Baytex Energy Corp., retiring

+ Heng Vuong to Exec. VP & CFO @ Tacora Resources Inc.

+ Jeff Berube to VP Sales & Marketing @ Rugged Enterprises

+ Jenna Kaye to Director @ Journey Energy Inc.

+ Jim Gartshore, Pres. @ H2O Power LP, retired

+ Lisa Barrett to Assoc. Dir. Financial Planning and Analysis @ SAID

+ Nada Sutic to VP, Sustainability, Innovation & National Programs @ Epic Investment Services

+ Jamie Irving to Chairman @ Postmedia

+ Jason Bobier to Gen. Mgr. – SCM North America @ CNOOC International

+ Olivier Gachot to CEO @ Communo Corp.

+ Patrick Gut to Interim Pres. @ H2O Power LP

+ Paul Godfrey, Chairman @ Postmedia, stepped down

+ Paul Truex to Chairman @ Find Therapeutics Inc.

+ Pegah Jazeri to Sr. Bus. Dev. Mgr. @ Cairo Development Ltd.

+ Rodion Rogov to Director, Project and Process Mgmt. @ Cadillac Fairview

+ Roland Dubois to Chief Commercial Officer @ 5N Plus Inc.

+ Shelley Ochoa to CFO @ Terra Firma Capital Corporation

+ Steve Sommerfeld to CFO @ Tundra Oil & Gas

+ Tracy Blaine to Mgr. Emergency Social Services @ Alberta Emergency Management Agency

+ Ty Dubay to Chief of Staff @ SkyService Business Aviation

~ 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 ]

+ Alberta launched a new search tool for health and safety laws

+ is higher pay the answer to employee turnover?

+ when they come back, will they stay?

+ August 5; Heoux-Devtek Inc., Annual Meeting of Shareholders, virtual only

+ August 9; VIA Rail Canada, Annual Public Meeting, virtual only

+ August 11; Real Luck Group Ltd., Annual General Meeting of Shareholders, virtual only

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

+ CGC Inc. announced $210.0 million wall-board manufacturing plant east of Calgary near Carseland; plant construction to commence in 2023; tax incentives from County of Wheatland and investment from Government of Alberta is part of the deal – expected to generate constuction jobs, and 100 sustainable manufacturing jobs – adjacent solar power field will provide 100% of plant’s requirements

+ two consortia selected to big on $5.5 billion Green Line contract; Bow Transit Connectors and City Link Partners

+ Correction does much, but encouragement does more. – Johann Wolfgang von Goethe

+ Concentration and mental toughness are the margins of victory. – Bill Russell

FACILITYCalgary FREE

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 - 2022 MaxComm Communications. All rights reserved. 

 weekly newsletter

Est. July, 1999

+ Beanfield Metroconnect acquired Urbanfire/Urban Communications Inc.; terms not disclosed

+ CGC Inc. announced $210.0 million wall-board manufacturing plant east of Calgary near Carseland; plant construction to commence in 2023; tax incentives from County of Wheatland and investment from Government of Alberta is part of the deal – expected to generate constuctions jobs, and 100 sustainable manufacturing jobs – adjacent solar power field will provide 100% of plant’s requirements

+ Coastal GasLink pipeline budget has leapt to $11.2 billion; TC Energy Corp. estimate construction to complete by mid-2023

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices – softening/market correction due to soft manufacturing numbers; WTI @ US$93/bbl, Brent @ US$99/bbl; U.S. decided to sell an additional 20 million barrels from its Strategic Petroleum Reserve to help ease prices

+ Enbridge Inc. agreed to acquire 30% interest in Woodfibre LNG facility for $1.5 billion

+ Enerplus Corporation agreed to sell a portfolio of Alberta assets to Journey Energy Inc. for $140.0 million

+ High Arctic Energy Services Inc. closed the sale of some assets: its Candian well servicing to Precision Drilling Corporation for $38.2 million, and its Canadian snubbing unit to Team Snubbing Services Inc. in a shares and debt assumption transaction

+ HOUSING TRUTH – residential newsletter, Calgary and area: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  – MARCH/2022 issue - archived issues …; check out our Q2 report – sign up

+ interest rates: U.S. Federal Reserve hiked rates again last week, by ¾ of 1%

+ Pembina Pipeline Corporation and KKR JV approval process moving along; they will divest 50% non-operating interest in Key Access Pipeline System to satisfy concerns of the Competition Bureau and now plan to complete their transactions

+ PROPERTYlines - commercial real estate quarterly newsletter – check out our 2022-Q1 Report; stay tuned for Q2 report coming soon … sign up

+ rig activity in Canada

+ rig counts (active/working) – US: up 9 to 767 this week; Canada: up 9 to 204 this week; full breakdown and international rig counts

+ Rogers Communications Inc. and Shaw Communiciations Inc. have extended the time to complete their merger to Jan. 31/23 as they jockey to secure competition regulator’s approval – and specifically to allow time to negotiate divestiture of Freedom Mobile business unit

+ Topaz Energy Corp. acquired to acquire a portfolio of royalty interests from Tourmaline Oil Corp. for $52.0 million

+ Aurora Hydrogen closed US$10.0 million capital raise

+ Blume closed a $2.0 million equity raise

+ Delic Holdings Corp. is on the market to raise $1.24 million in convertible debt

+ Obsidian Energy Ltd. is on the market to raise $127.6 million in sr. unsecured debt by private placement

+ PlantX Life Inc. is on the market to raise $10.0 million in secured convertible debt

+ Simply Better Brands Corp. closed $1.39 million first-tranche of an equity raise by private placement

+ Theratechnologies Inc. closed US$40.0 million equity raise

+ Theratechnologies Inc. closed US$100.0 million credit facility

+ Tidewater Midstream and Infrastructure Ltd. is on the market to raise $85.0 million in equity by private placement

+ Transat A.T. Inc. secured $100.0 million financing 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 …

+ Aug. 18-27; GlobalFest, Elliston Park, Calgary; info/tickets

+ Sept. 7; Canadian Apartment Investment Conference, Metro Toronto Convention Centre, Toronto – agenda/register

+ Sept. 8; RealREIT 2022, Metro Toronto Convention Centre, Toronto; speaker roster, agenda/register

+ Sept. 13-15; BOMEX – Charlottetown 2022, info/register/save the date

+ Sept. 14-15; Oil Sands Conference & Trade Show, Fort McMurray; info/register

+ Sept. 20-22; Energy Disruptors: Unite 2022, Big Four Building, Stampede Park, Calgary; info/agenda/tickets

+ Sept. 24; Calgary Academy 40^th Anniversary Gala, 1677 93 St SW, Calgary; info/register

+ Sept. 29; Calgary Immigrant Women’s Association – 40^th Anniversary Gala, Hudson Conference Centre; info/tickets

+ Sept. 30 – Oct. 2; Calgary FALL HOME SHOW, BMO Centre, Stampede Park, info/book bookings and tickets

+ Oct. 20; Calgary Real Estate Forum, TELUS Convention Centre, Calgary; agenda,  info/register

+ Nov. 29 – Dec. 1; Real Estate Forum, Metro Toronto Convention Centre, Toronto; info/register

~~~

2023

+ Apr. 4 & 5; BMO Capital Markets and Canadian Association of Petroleum Producers – Annual Energy Symposium, Investors Conference – save the date

+ Sept. 17-21; 24^th World Petroleum Congress – Energy Transition – the path to Net Zero, info/sponsorship/registration

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

+ Aug. 1-7, Shaw Charity Classic, Canyon Meadows Golf and Country Club; info/donate/tickets; latest press release with details and player updates

+ Aug. 11; Cure Cancer Foundation’s Glenn Anderson day of Golf, Derrick Golf and Country Club, Edmonton; save the date

+ Aug. 12; Alberta IoT 3^rd Annual Golf Tournament, Lynx Ridge, Calgary; info/register

+ Aug. 15; 2022 Recovery Acres Calgary Charity Tournament, Elbow Springs Golf & Country Club, Calgary; info/register

+ Aug. 30; Alberta Mortgage Brokers Association, Annual Tournament, Blue devil Golf Club, Calgary; info/register

+ Sept. 9; 13^th Annual Ryan Westerman Memorial Golf Tournament, Springbank Links Golf Course, Calgary; save the date – benefitting Give A Mile – stay tuned for more details/save the date – tickets on sale starting June 6^th

+ Sept. 13; Oil Sands Charity Golf Classic, Maskanew Golf Course, Fort McMurray; info/register

+ send us your 2022 tournament information – we are happy to post them here

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