+ to Heritage Park – they are building a new natural resources interpretive centre; GOA is providing $1.5 million, Ottawa is contributing $2.0 million; total project budget is $7.5 million
+ to Mark Tewksbury, to receive the 2019 Muhammed Ali Humanitarian Award for Gender Equality
+ Sept. 17-19; Canadian Association of Professional Landmen (CAPL), 2019 Conference, Calgary; info/register
+ Sept. 19; Uncorking Potential fundraiser (formerly known as the Peter Gzowski Invitational) for canLEARN Society, Fort Calgary, Calgary; info/tickets
+ Sept. 23-26; 2019 IREM Global Summit, Hilton Union Square, San Francisco; info/register
+ Sept. 25-26; Artificial Lift & Production Optimization, Western Canada 2019, Blackfoot Inn, Calgary; info/register
+ Oct. 3; Reins of Responsibility, Shriner’s Fez Dome, Calgary; info/register - ** editor’s note: I’ve taken this program – it’s about horses, HR leadership and serious naval-gazing; I highly recommend Nancy Lowery’s signature event …
+ Oct. 9; Energy Council’s 2019 Energy Person of the Year Award Dinner, Westin Hotel, Calgary; sponsor info/tickets
+ Oct. 17-18; 10th Annual Connect Event / United Way of Calgary and Area, Carriage House Inn, Calgary; info/register
+ Oct. 21; tentative date, Federal Election – everywhere; Elections Canada are recommending staying with this date even though it conflicts with Shemini Atzeret Jewish holiday … tic toc
+ Nov. 1; Stantec presents the 5th Annual Peter Burgener Memorial Charity Concert, Barney Bentall and The Cariboo Express in support of Classroom Champions, Bella Concert Hall at MRU, Calgary … save the date; register for RSVP Invitations
+ Government of Canada announced plans for a Canadian Centre for Energy Information; sadly there is no commitment to putting it in Calgary – the logical place, don’t we all agree?
+ Husky Energy started production at its Dee Valley thermal project in Saskatchewan
+ Keystone XL Pipeline project got new life; Nebraska court ruling in favour of revised route through Nebraska – and TC Energy gearing up to build … tic toc
+ McCrum’s Office Furnishing moved to new headquarters on Manhattan Road SE
+ Minto Apartments are converting the International Hotel to short and long term apartment rentals; launching September/19
+ Pembina Pipeline Corp. agreed to buy Kinder Morgan Canada for $2.3 billion and the U.S. portion of the Cochin pipeline for $2.05 billion
+ Razor Energy Corp. agreed to acquire Little Rock Resources Ltd. for $12.7 million
+ rig counts (active/working) – U.S.: down 19 to 916 this week; Canada: down 3 to 139 this week; full breakdown
+ TechnipFMC PLC announced it will spin off its engineering and construction operations into a 2nd company
+ TerraNova Partners LP acquired control of Carma Industries Inc. and Carma Billing Services Inc.
+ The Transition Accelerator: Building Pathways to a Sustainable Future has been launched; former COSIA CEO is CEO Dr. Dan Wicklum who says, “formal advisors and Board members from Montreal, Ottawa, Toronto, Winnipeg and Calgary. But my office will be in Calgary. We launched the organization to be truly in independent space, positioned to work with change agents wherever we find them whether in academia, industry, government or elsewhere.”
+ Transat A.T. Inc. shareholders approved $720.0 million takeover bid by Air Canada; deal is still subject to Federal government approval
+ TransMountain Pipeline expansion project construction starting announced … tic toc
+ Valvoline Inc. agreed to acquired six Alberta service centres from Minit Lube
+ Woodfibre LNG announced it is ready to forward with its $1.6 billion export facility in Howe Sound near Squamish, BC
THIS WEEK IN FINANCINGS
- proposed & closed
+ Axion Ventures Inc. closed US$1.375 million convertible debt financing
+ Drop Technologies Inc. closed US$44.0 million equity financing
+ Electrovaya Inc. secured $1.5 million credit facility
+ ESSA Pharma Inc. closed US$36.0 million equity financing
+ Green Rise Capital Corporation closed $3.67 million equity financing by private placement
+ Intact Financial Corporation closed $461.0 million equity financing
+ MediaValet Inc. is on the market to raise $3.5 million in equity by private placement
+ Hydro-Quebec closed $500.0 million debt financing
+ Oculus Transport Ltd. closed $45.0 million sr. secured debt financing
+ TruTrace Technologies Inc. closed $510,000.0 trance of an equity financing by private placement
~
*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 …
+ Alberta No.1 Geothermal project; The Greenview Geothermal Power Project, is getting $25.4 million contribution by the Government of Canada; JV between Terrapin Geothermics and M.D. of Greenview, PCL Construction involved in the 5MW project, Alberta’s first commercial scale geothermal facility
+ report on disability accessibility – National Disability Summit – get the ‘What we learned report’ PDF download from the link …
+ twinning Highway 15 near Fort Saskatchewan and another bridge over the North Saskatchewan; contracts awarded as two projects to Wells Construction, div. of Lafarge Canada Inc. and Alberco Construction Ltd.
INTERESTING REAL ESTATE NEWS FROM OTHER PLACES
+ AutoCanada Inc. closed a sale-leaseback (two properties/three dealerships in Edmonton) transaction with Capital Automotive Real Estate Services Inc.
+ in Thunder Bay, Holloway Lodging Corporation closed the sale of its Travelodge and Airlane Hotel & Conference Centre for $15.0 million
+ in Vancouver, Marcus & Millichap acquired Form Real Estate Advisors Inc.
+ Kensington Capital acquired five surgery clinics (Vancouver, Calgary, Winnipeg, Toronto, Mississauga) from Centric Health for $35.0 million
INTERESTING TRENDS IN RETAIL
+ L.L. Bean will open it’s first Canadian store in Oakville; plans to roll out 20 stores over the next 10 years and they will do 50 kiosks within Hudson’s Bay stores, and selected Sporting Life locations …
INTERESTING TRENDS IN OFFICE REAL ESTATE
+ WeWork is getting serious competition from Industrious – raising US$80.0 million from backers which include Brookfield Property Partners and CPPIB
FACILITYCalgarynewsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. Mark Kolke, Editor/Publisher. All rights reserved. MaxComm Communications.
- this site is maintained and updated weekly - last updated May 30, 2023
