+ Allan Fotheringham (a.k.a. Dr. Foth); celebrated Canadian journalist, political critic/curmudgeon; 87
+ Barry Worthington; Exec. Dir. @ United States Energy Association and 2019 Canadian Energy Person of the Year;
+ Gerald Gabinet; Director of Economic Development and Tourism @ Strathcona County; 65
+ Gerald Hines; developer, founder, and Chairman of Hines; 95
+ Sir Kenneth Robinson; world-renowned educator, TEDspeaker, genuine kind man, and presenter at last fall’s Energy Disruptor’s conference in Calgary (he was fantastic … and I’m a big fan); 70
+ 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
+ Sept. 11; Alberta Treasury Management Charity Classic – in support of Big Brothers Big Sisters of Calgary and Area, Canmore Golf & Curling Club; info/registration
+ Absorb Software and Absorb Infuse closed its acquisition of Koantic
+ Alberta COVID-19 stats: 234 deaths, 1,172 active cases of 11,600 cases to date: aggregate Alberta data – currently, 45 Albertans are in the hospital with COVID-19, and 9 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
+ Black Night Inn in Red Deer placed in receivership; MNP appointed receiver
+ Calfrac Well Services Ltd., the proxy fight over recapitalization is heating up; Wilks Brothers LLC really want in – they’ve invested heavily in Calfrac and now, that they want to take it over, their circular reads like an indictment of Calfrac, Matco, and Armoyan – seems the gloves are off!
+ Canadian Spirit Resources Inc. commenced a review process; looking at strategic alternatives the company and for its Montney assets
+ Cequence Energy Ltd. announced a recapitalization plan; restructuring debt subject to court and creditor approval
+ Conservative Party of Canada selected a new leader: Erin O’Toole replaces Andrew Scheer
+ ComplyWorks was acquired by Veriforce; terms not disclosed
+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; drops in crude prices softened over the week, but rose again due to production being shut in the Gulf of Mexico due to impending hurricane risk
+ DXI Energy Inc. rebranding with a name change to DXI Capital
+ Attabotics secured US$50.0 million equity financing
+ Bonterra Energy Corp. secured a $45.0 million credit facility
+ Engine Media Holdings Inc. is on the market to raise US$20.0 million in convertible debt by private placement
+ Engine Media Holdings Inc. closed US$5.75 million first tranche of its convertible debt financing by private placement
+ GFL Environmental Inc. closed US$750.0 million sr. debt financing
+ GreenSpace Brands Inc. is on the market to raise $6.0 million in equity by private placement
+ IsoEnergy Ltd. closed $6.0 million unsecured convertible debt financing by private placement
+ Last Mile Holdings Ltd. closed $7.8 million tranche of an equity financing by private placement
+ Ortho Regenerative Technologies Inc. closed $2.5 million equity financing by private placement
+ Padlock Partners UK Fund I closed $36.6 million equity financing by IPO
+ Planet 13 Holdings Inc. is on the market to raise $20.017 million in equity
+ Reconnaissance Energy Africa Ltd. closed $23.0 million equity financing
+ ViveRE Communities Inc. are on the market to raise $2.6 million in convertible 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 or non-arm’s-length transactions …
INTERESTING REAL ESTATE NEWS FROM OTHER PLACES ...
+ CBL Properties filed for Chapter 11 bankruptcy protection; will keep all 108 enclosed mall properties will remain open and operating during the restructuring
+ Mall of America in Minnesota has missed three mortgage payments; forbearance agreement in place with lenders as asset value has fallen from US$2.3 billion to US$1.9 billion
INTERESTING RETAIL TRENDS ...
+ Cineplex re-opened 100% of its theatres
this week in REITS + TRUSTS
+ Nexus REIT agreed to acquire 95,180 sq. ft. single-tenant industrial property in Rocky View County; the $15.1 million price was composed of $13.75 million in cash, balance paid with units in the REIT
+ Padlock Partners UK Fund I closed $36.6 million equity financing by IPO
+ Padlock Partners UK Fund I closed £7,200,000 acquisition of a portfolio of self-storage properties in the UK
+ Slate Retail REIT changed its name to Slate Grocery REIT
QUOTES
+ I never worry about the problem. I worry about the solution. – Shaquille O’Neal
+ It isn’t that they can’t see the solution. It is that they can’t see the problem. – G.K. Chesterton
