FACILITYCalgary

news, commentary & perspective - financings, deals - commercial real estate, infrastructure, oil & gas

FACILITYCalgary June28/22

CONVERSATIONS

ARCHIVED ISSUES

SIGN UP

NEW LISTING 

 Eau Claire Estates condo 


CLICK HERE FOR VIRTUAL TOUR

JUST LISTED: extraordinary 2 bedroom condominium in Eau Claire Estates - $455,000; contact Mark Kolke or Jamie Giszas

CLICK HERE for full MLS listing details, floor plans, and virtual tour



 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to June 8-12, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

 

+ Check out this year’s GLOBAL ENERGY AWARDS winners


Upcoming Webinars:

+ Aug. 26; Advances in Automated Methane Detection Using InfraRed Cameras; link to register




 Classified advertising: 

+ CBI Newsletter – click here to sign up for it

“Cat’s Pick is a community based newsletter, that includes career postings; community, industry and networking events.”




PUT YOUR 
ADVERTISEMENT HERE
 request details/rate quotes:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



CONVERSATIONS

A recent conversation with Deb Sands, Pres. @ Priority Leasing Ltd.

Click here to access the archive (2012-2020) : archived conversations with fascinating Calgarians ...



SHAKERS AND MOVERS 
appointments and disappointments 

+ Anatol von Hahn to Director @ Private Debt Partners

+ Andrew Furey to Premier @ Government of Newfoundland and Labrador

+ Bernard Crotty, Pres. @ Northwest Healthcare Properties REIT, retired

+ Cam Taylor to CEO & Chairman @ ROK Resources Inc.

+ Chrystia Freeland to Finance Minister @ Government of Canada

+ Colleen Johnston to Director @ Private Debt Partners

+ Craig Mitchell to Pres. @ Northwest Healthcare Properties REIT

+ Don Chynoweth to Director @ ACDEN Base Operators Ltd.

+ Dr. Ann Collins to Pres. @ Canadian Medical Association

+ Dr. Ian Robb to Regional Dir., Business Dev. @ EHN Canada

+ Erin O’Toole to Leader @ Conservative Party of Canada

+ Gerard McInnis to Principal @ Ozone Advisory Group

+ Jacob Roorda to Pres. & CEO @ PetroShale Inc.

+ Jay Ball to Brand Ambassador, Canada @ BlueZone systems Inc.

+ Jean-Paul Bureaud to Exec. Dir. @ FAIR Canada

+ Jeff Wilke, CEO Consumer Business @ Amazon, leaving the company

+ Jeffrey Hines to CEO and Chairman @ Hines

+ Jennifer Stam to Insolvency and Restructuring Partner @ Norton Rose Fulbright

+ John MacCuish to CEO @ Horizon North Logistics Inc.

+ Keith Bass to CEO @ Mattamy Homes US

+ Kevin Padillo to Sales Bus. Dev. @ Media Central Corporation

+ Marco Mosselman to VP & Country Head, Netherlands @ Northwest Healthcare Properties REIT

+ Mark Becker to COO @ Horizon North Logistics Inc.

+ Mark McGough to Pres. & CEO @ Hartland Controls

+ Mirsad Jakubovic, CFO @ Medifocus Inc., resigned

+ Patricia Jones to CEO @ Calgary Homeless Foundation

+ Rick Grafton to Exec. Dir. @ Suits and Boots

+ Rob Chioini to CEO @ SQI Diagnostics Inc.

+ Robert Harding to Director @ Private Debt Partners

+ Robert Le Blanc to Pres. @ Onex Corp.

+ Rod Graham, co-CEO & Pres. @ Horizon North Logistics Inc., resigned

+ Serge Gattesco to Director @ INEO Tech Corp.

+ Sheryl Kennedy to Director @ Private Debt Partners

+ Stephani Kingsmill to Trustee @ Northwest Healthcare Properties REIT

+ Tim Blackwell to EVP Funds Mgmt. @ Northwest Healthcare Properties REIT

+ Victor Kind to VP Exploration @ B2Gold Corp.

+ William Lundin to COO @ International Petroleum Corp.

~

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




 MEMORIAM 

+ 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




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ measuring an organization’s change-ability

+ temporary COVID-19 layoff rules vary from province to province; great/succinct overview published by BD&P

+ what to expect from the revamp of Employment Insurance

+ why emotionally healthy leaders will rule …




 SAVE THE DATE / upcoming events

+ Sept. 7-11; Gastech Virtual Summit, info/program/register

+ Sept. 16-17; Lloydminster Heavy Oil Show, Lloydminster, Agricultural Exhibition Association, Lloydminster; info/register

+ Sept. 29-30; Business Transitions Forum, Westin Edmonton; info/registration

+ Sept. 30; Vancouver Real Estate Forum, Vancouver Convention Centre West, Vancouver; info/register

+ Oct. 21; Alberta Real Estate Forum, Edmonton; info/register

+ Oct. 27-28; Supply Change EXPO, Stampede Park, Calgary; register

+ Oct. 28-29; BOMEX VIRTUAL 2020, 20th Annual Building Excellence Summit; info/register

+ 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

+ Nov. 25-27; Economic Developers Alberta, 2020 Conference & AGM, Kananaskis; info/register

~

2021

+ Feb. 9-11; Egypt Petroleum Show, Egypt International Exhibition Center, Cairo, Egypt; info/register/call for papers

+ June 5;  NSTEP’s Step Up 4 Calgary Kids Race 2020, Fish Creek Park, Calgary; watch for sign up details

+ June 8-12; Global Energy Show, Stampede Park, Calgary, info/registration

+ June 14-16; NeoCon, theMart, Chicago; info

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

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




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Fish River Cree Nation launched Manitoba’s largest solar project; 1MW facility (3,000 solar panels) will supply to Bullfrog Power


↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE






 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID stats | Calfrac fray + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 sponsors of this week's issue:

e-mail Kevin Phone
 
OFFICE MOVERS



Visit: https://www.incito.ca/
~
E-mail:  inspire@incito.ca

EXECUTIVE COACHING



PUT YOUR 
COMPANY HERE
 Advertising/sponsorship queries:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



RETAINED EXECUTIVE SEARCH - For more information, click here.



Visit: Levvel.ca
~
E-mail: connect@levvel.ca
~
OUR SERVICES



Visit: https://falkbuilt.com/
~
E-mail: thom.hinton@falkbuilt.com
~
DIGITAL COMPONENT CONSTRUCTION



CLICK HERE TO GET MARK'S HOME SEARCH APP FOR YOUR MOBILE PHONE - search any MLS listing you see, get information and/or book a showing without making a call - check it out! It's new and aVERY cool tool.

CLICK HERE to sign up for Housing Truth newsletter 

CONTACT MARK KOLKE 
RESIDENTIAL SALES



The Level - SETON, ROHIT COMMERCIAL

The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



PROPERTY MANAGEMENT SERVICES - consulting, administration, and fully contracted management services


Insolvency/Workouts/Foreclosures:

- receiverships

- judicial sales


Services for Investors/Property Owners/ Buyers:

- due diligence

- workouts, collections, project management

- small portfolios and stand-alone buildings

- net lease administration

- multi-family residential


Commercial Agent | Property Manager /
  Consultant | Office, Industrial & Education Facilities Specialist | Public-Private Partnerships (P3) | Commercial Property Sales / Leasing / Land + Residential Sales

Mark Kolke – Agent/Property Manager

Realtor - licensed in Alberta for Residential, Commercial and Property Management ~ under contract to MaxWell Capital Realty


CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES



  South-Calgary 2nd floor Design/Office space FOR LEASE 


 123 Forge Road SE, Calgary 


~ 2nd floor office suite, elevatored

~ Suite #200, 9,268 sq. ft. / full floor

~ options; for multi-tenant:

-          3,315 sq. ft.

-          3,515 sq. ft.

~ surface parking, ~ transit nearby

~close to Glenmore Trail, Fairmont Drive and Chinook Centre

~ market rental rate

~ available September 2020

~ contact Mark Kolke, or call your agent




CONTACT MARK KOLKE 
OFFICE AND INDUSTRIAL LEASING



PUT YOUR 
COMPANY HERE
 Advertising/sponsorship queries:  kolke@facilitycalgary.com 
SEE YOUR 
BRAND HERE



 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

+ Sept. 15; 20th Annual Oil Sands Charity Classic, Miskanaw Golf Course, Fort McMurray; info/register

+ Sept. 17; Ronald McDonald House Alberta Charity Golf Classic, 20th Anniversary; Silvertip Golf Resort, Canmore; info/register

+ Sept. 18; Alberta IoT Getting Back to Business Golf Tournament, Apple Creek, Rockyview Country; info/register/sponsor

+ Sept. 28; 31st Annual 65 Roses Ladies Golf Classic in support of Cystic Fibrosis Canada, Earl Grey Golf Club, Calgary; info/register or, email info@cfcalgary.ca

+ PLEASE SEND US YOUR 2021 tournament details for posting here!

~

[please send your 2021 charity golf event notices to  kolke@facilitycalgary.com ]




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 - 2020 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

http://calgaryofficespace.com

http://facilitycalgary.com

http://markmusing.com


 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 August 18 ~ 25 / 2020 


+ 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

+ a NEW publication; PROPERTYlines – launched August 15th; CLICK HERE to CHECK OUT THE INAUGURAL AUGUST ISSUE

+ 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!

+ Canada – the government has extended the CERB program to Sept. 27, and making changes that will shift the administration to the EI program

+ 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

+ GOA published Alberta’s Recovery Plan and Economic Statement

+ Great-West Lifeco sub. Empower Retirement closed its US$1.0 billion acquisition of Personal Capital

+ Howard Marten Fluid Technologies Inc. rebranded as HMFT Inc.

+ Kelt Exploration Ltd. closed the $41.0 million sale of its Inga assets to ConocoPhillips

+ Ostrander Hotels placed in receivership; Deloitte appointed receiver

+ Raptor Rig Ltd. went int receivership; FTI Consulting appointed receiver

+ rig activity in Canada

+ rig counts (active/working) – U.S.: up 10 to 254 this week; Canada: up 2 to 56 this week; full breakdown




 SHAREHOLDER MEETINGS

+ 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

+ Sept. 15; Cequence Energy Ltd., Meeting of Secured and Unsecured Creditors, Calgary

+ Sept. 17; Calfrac Well Services Ltd., Sr. Unsecured Noteholders Meeting, Calgary

+ Sept. 17; Calfrac Well Services Ltd., Shareholders Meeting, Calgary

+ Sept. 17; Medexus Pharmaceuticals Inc., Annual General Meeting, (virtual only)

+ Sept. 17; Stuart Olson Inc., Special Meeting(s) of Security Holders, (virtual only)

+ Sept. 19; Fonds de solidarité FTQ, Annual General Meeting, (virtual only)

+ Dec. 15; Karnalyte Resources Inc., Special Meeting of Shareholders, Saskatoon

~

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




THIS WEEK IN FINANCINGS 
- proposed & closed

+ 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 …




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Segment 1 of Calgary’s Green Line short-listed firms working on bids



 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Aecon Group Inc. published its inaugural Sustainability Report




 INFRASTRUCTURE + P3 


+ North Warning System – contract up for grabs; Pan Arctic Inuit Logistics Corporation and ATCO Frontec signed an MOU to pursue the contract




 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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




↓SIGN UP TO GET FACIILITYCalgary↓

CLICK HERE - 

FACILITYCalgary FREE


© 1999-2022 published by MaxComm Communications a unit of PLANDflex Corporation

FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com