FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Alex Lucas to Pres. & CEO @ Manulife Bank of Canada

+ Anthony Ostler to Pres. & CEO @ Canadian Bankers Association

+ Dan Carter to Sr. VP and National Leader, General Practice Consulting @ AON

+ David Lee to Sr. Director, Project Management, Development @ Cadillac Fairview

+ Francois Laurin to Sr. Exec. Dir. @ Beyond Technologies

+ Glenn Brandt to CFO @ Rogers Communications

+ Gus Masi to AVP & Group Lead, Automotive Finance Group @ Canadian Western Bank

+ John Rim, CFO @ Quarterhill Inc., left the company

+ Jon Mamela to Sr. VP & Chief Commercial Officer @ Travel Alberta

+ Kim Butler to Interim CFO @ Martello Technologies Group Inc.

+ Kira Smylie to Sr. Consultant, Public Affairs @ CIBC

+ Linda Gillespie to Sr. VP & Chief Human Resources Officer @ Cogeco Inc.

+ Mark Carney to Sr. Counsellor @ Macro Advisory Partners

+ Maureen Howe to Director @ Freehold Royalties Ltd.

+ Michael Wood to VP GFL Renewables @ GFL Environmental Inc.

+ Nora Molina to Exec. Dir. @ Association for the Rehabilitation of the Brain Injured (ARBI)

+ Peter Kampian to CFO @ Electryon Power Inc.

+ Peter Legyt to Director, Permanent Search – Alberta and BC @ David Aplin Group

+ Rick Lunny, CEO @ Manulife Bank of Canada, retiring

+ Scott Dupuis to Chairman @ Baker Tilly Canada

+ Sheri Hinish to Global Sustainability Services Leader @ IBM

+ Stephen Thompson to Interim CFO @ Quarterhill Inc.

+ Tracy Robinson to CEO @ Canadian National Railway Co.

+ Victor Cui to Pres. & CEO @ Edmonton Elks

+ Zoe Addington to Deputy Chief, Policy Coordination Office, Executive Council @ Government of Alberta

~ 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 ]




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ are employee assistance programs worth it?

+ brain health in hybrid work

+ questions for quitters and worthy goals to help you get ahead




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CONVERSATIONS

Click here to access the archive (2012-2021) : Mark Kolke's conversations with fascinating Calgarians ...



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 SHAREHOLDER MEETINGS

+ Feb. 2; CGI Inc., Annual General Meeting of Shareholders, virtual only

+ Feb. 11; Lanesborough REIT, Special Meeting of Debentureholders, Winnipeg

+ Feb. 28; Numinus Wellness Inc., Annual General Meeting, Vancouver

+ April. 7; CIBC, Annual and Special Meeting of Shareholders

+ April 9; United Conservative Party of Alberta, Special General Meeting/Leadership Review, Red Deer

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




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

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

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



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Lehigh Cement and Enbridge  working on CO2 storage solution; project will be an open-access carbon hub near Wabamun – to be in service by 2025




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 CONSTRUCTION / DEVELOPMENT NEWS + BUILDING SERVICES INNOVATIONS 

+ Graham Group completed its acquisition of AECOM’s North American Energy Operations and Maintenance Assets;

+ passive house retrofit in Hamilton – Ken Soble Tower – retrofit to Passive House standard




 INFRASTRUCTURE + P3 

+ 1st Stage of Green Line LRT expected to exceed its $5.5 billion budget … tic toc

+ Lehigh Cement and Enbridge  working on CO2 storage solution; project will be an open-access carbon hub near Wabamun – to be in service by 2025




 QUOTES 

+ I am mindful that the goal of protest is not more protest, but the goal of protest in change. – DeRay Mckesson

+ Logic, sometimes has very little to do with political action. – Alexander Mackenzie




 KUDOS 

+ to the Azrieli Foundation – they donated $25.0 million to the University of Calgary for a research hub, the Azrieli Accelerator




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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. Domains operated by MaxComm Communications:

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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

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NEWS SUMMARY 
 Jan. 26 ~ Feb. 1/2022 


+ Alberta Enterprise Corporation investing US$10.0 million in venture capital fund

+ Alberta – Montana traffic stalled by trucker blockade preventing traffic to and from the Coutts crossing; Alberta’s taste of the truckers convoy that descended on Ottawa last weekend; so far, nothing beyond peaceful protests over government policies on mask mandates for truckers and other grievances .. tic toc

+ Bank of Canada announced its’ rate review decision; key rate holding steady at 0.25% amid widespread expectation of an increase in March …

+ Calroc Industries Inc. closed its acquisition of an Automated Tank Manufacturing facility at Kitscoty; terms not disclosed

+ Canada’s tech sector driving the economy according to a BDC study – get the free download

+ CNOOC Ltd. announced it will restart its oil sands upgrader at Long Lake

+ COVID-19 in Alberta full current stats; OMICRON variant continues to surge (37,468 reported active cases, 1,516 in hospital, 99 in ICU, 3,566 deaths to date); wastewater readings indicate Omicron variant influence is waning …

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices continue strong – WTI@ US$88/bbl, Brent at US$91/bbl – supply and geopolitical risk factors continue; meanwhile, natural gas spot prices have been spiking due to short-supply and strong demand

+ EY establishing a financial hub in Calgary; expecting to create 50 immediate hires, building to 200 over three years

+ frac is back ….

+ Gong hei fat choy – happy Chinese New Year 2022 – Year of the Tiger

+ Hardwoods Distribution Inc. closed its US$270.0 million acquisition of Mid-AM Building Supply

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  –  archived issues …

+ Lehigh Cement and Enbridge  working on CO2 storage solution; project will be an open-access carbon hub near Wabamun – to be in service by 2025

+ Pluribus Technologies Corp. agreed to acquire the Kesson Group

+ PROPERTYlines - commercial real estate newsletter; archived Issues  

+ rig activity in Canada

+ rig counts (active/working) – US: up 6 to 610 this week; Canada: up 5 to 217 this week; full breakdown and international rig counts

+ Sierra Place office building being converted to 82 affordable housing units; $30.0 million in funding from three levels of government; HomeSpace and Inn from the Cold will operate

+ TeraGo Inc. closed the sale of its cloud and colocation business to Hut 8 for $30.0 million

+ TransGlobe Energy Corporation announced its 2022CapEx Budget is $57.7 million

+ Viterra acquiring Gavilon Group from Marubeni Corp. for US$1.125 billion




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Africa Oil Corp. secured $100.0 million credit facility

+ Bausch Health Companies Inc. is on the market to raise $1.0 billion in sr. secured debt

+ Cognetivity Neurosciences Ltd. closed $1.328 million first tranche of an equity raise

+ Crombie REIT closed $200.0 million equity raise

+ Exro Technologies Inc. is on the market to raise $15.0 million in equity

+ Hapbee Technologies Inc. closed $7.7 million equity raise

+ Hardwoods Distribution Inc. secured US$900.0 million credit facility

+ Killam Apartment REIT is on the market to raise $85.28 million in equity

+ Martello Technologies Group Inc. closed $1.4 million second trance of an equity raise by private placement

+ Nanalysis Scientific Corp. is on the market to raise $17.5 million in equity

+ Nova Net Lease REIT closed US$4.0 million overallotment of its recent equity raise

+ Starlight Western Canada Multi-Family (No. 2) Fund is on the market to raise $61.0 million in equity by private placement

+ Transcontinental Inc. is on the market to raise $200.0 million in sr. unsecured debt by private placement

+ Vosker Canada closed $60.0 million equity raise

+ Wondr Gaming Corp. closed $7.086 million first tranche of a private placement equity raise

*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 …




 SAVE THE DATE / upcoming events

+ Feb. 2-3; 5th Annual ECO Impact, Hyatt Regency, Calgary; in-person/virtual; info/register

+ Feb. 3; Business Transitions Forum, Westin Hotel, Calgary; info/register

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

+ Feb. 22; Alberta Legislature Spring Session Opens, and Throne Speech, Edmonton

+ Feb. 25; Noreen Music’s book launch and workshop – The Unexpected Entrepreneur, info/register

+ Mar. 1-2; RealCapital 2022 Conference, Toronto Convention Centre; info/register

+ Mar. 30; IoT North Conference and Exhibition, BMO Centre, Stampede Park, in-person/virtual; info/registration

+ Mar. 31 – Apr. 1; National Heavy Equipment Show, International Centre, Mississauga; save the date

+ Apr. 6-8; Economic Developers of Alberta – EDA Experience 2022, Pomery Kananaskis Mountain Lodge, Kananaskis; info/partner/call for presenters

+ April. 12; Vancouver Real Estate Forum, Vancouver Convention Centre; info/register/save the date

+ April 20; Top Glass, Conference and Exhibits 2022, The International Centre, Mississauga, ON; info/register

+ May 4-6; NORTH51 Conference - RECOMBINATION, Rimrock Hotel, Banff; info/register

+ May 17-18; Williston Basin Petroleum Conference, Delta Marriott Regina; save the date/present/attend

+ May 22-26; World Economic Forum Annual Meeting, Davos-Klosters, Switzerland; agenda

+ May 26; Top 7 Over 70 awards gala, Hyatt Regency, Calgary; info/tickets

+ June 6-9; Canadian Gas Association, Annual Technical Conference 2022 – Find Your Energy!; Toronto Sheraton, Toronto; info/register

+ June 7-9; Global Energy Show, Stampede Park, Calgary; awards nomination, info/registration

+ June 13-15; NeoCon 2022, The Mart, Chicago, info/save the date/register – call for presentations deadline Jan. 17

+ June 21-22; Petrochem Canada Conference, Sarnia, ON; info/register/book space

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

~~~

2023

+ Sept. 17-21; 24th 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 ]


Unless otherwise noted, everything on this website is Copyright  Protected - © 1999 - 2025 - Mark Kolke, Publisher / MaxComm  Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.


Our mailing address is: 6204B Burbank Road SE, Calgary, T2H 2C2, Canada

this site last updated May 6, 2025