+ Alan Kestenbaum to CEO @ Stelco Holdings Inc.

+ Andrée-Anne Chailler to VP Operations @ Intouch Insight Ltd.

+ Akhil Abat to Director, Technology & Investments @ Canadian Gas Association

+ Albert Ngo to Sr. Portfolio Mgr., Fixed Income @ Empire Life Investments Inc.

+ Andrew Blanchard, Director @ Fontenac Mortgage Investment Corp., resigned

+ Andrew Wilson to Managing Partner @ Jensen Shawa Solomon Duguid Hawkes LLP

+ Angela Avery to Exec. VP, General Counsel & Corporate Secretary @ WestJet

+ Aroon Sequeira to Director @ Alberta Indigenous Opportunities Corporation

+ Barbara Zvan, Chief Risk and Strategy Officers @ Ontario Teachers’ Pension Plan, resigned

+ Carl Farrell, Director & Pres. @ Altus Group, stepped down

+ Charles Émond to Pres. & CEO @ Caisse de dépôt et placement du Québec 

+ Christian Mayer to CFO @ Colliers International

+ Darren Cunningham to VP @ Hill+Knowlton Strategies Inc.

+ David Yeilding to CFO @ Flexiti Financial Inc.

+ Frederick Vine to Director, Pre-Construction @ Bird Construction

+ Gitane De Silva to Special Advisor @ TransAlta

+ Greg Chan to Portfolio Mgr., Canadian Equities @ Empire Life Investments Inc.

+ Jan Singer to CEO @ J.Crew Group

+ Jeremy Scheetz to Managing Dir. @ Terra Firma Capital Corporation

+ Jisun Hahn to Chief Product Officer @ Flexiti Financial Inc.

+ Jo Taylor to Pres. & CEO @ Ontario Teachers’ Pension Plan

+ John Friedrichsen to COO @ Colliers International

+ Jonathan Wilkinson to Pres., Infrastructure Projects @ SNC-Lavalin

+ Louis Véronneau to Chief Transformation Officer @ SNC-Lavalin

+ Misty Grant to Account Mgr. @ Alpine Insurance & Financial Inc.

+ Nazmin Gupta to Managing Dir. Capital Raising & Investor Relations @ BentallGreenOak

+ Nick Newton to Sr. Account Mgr. @ Sandbox Creative

+ Noreen Music to Productivity Coach @ Organize My Space Calgary

+ Rob Malli to CFO @ Western Wealth Capital

+ Robert Isabella to Chief Supply Chain Officer @ Silver Hills

+ Rose Chang to Interim CFO @ Regent Pacific Properties Inc.

+ Ryan Boutilier to Sales Exec. @ William Morris Office Solutions Inc.

+ Sandeep Mathrani to CEO @ WeWork

+ Stephanie Felker to Employment and Training Specialist @ Trans Mountain

+ Stephen Champion to Exec. VP Real Estate & Development, Ontario & Western Canada @ Groupe MACH

+ Tony Hurst to Pres., Lowe’s Canada @ Lowe’s Companies Inc.

+ Tricia Weagant to VP @ Canadian Nuclear Association

~

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

+ Ernie Drew, retire CA (Allan & Company / Miller McClelland / MNP), 80

+ Ron Holgate, retired Superintendent of Alberta Treasury Branches; 90

+ 57% of Canadians prefer more vacation time over equivalent pay according to a Rakuten survey

+ diversity & inclusion: is the misfit the best fit?

+ Gen Z has more to offer

+ global skills shortage report

+ Apple March 2020 Event Preview

+ Feb. 4; Park Lawn Company Limited, Special Meeting of Shareholders, Toronto

+ Feb. 11; Cineplex Inc., Special Meeting of Shareholders, Toronto

+ Mar. 20; Pattern Energy Group Inc., Special Meeting of Stockholders to Vote on CPPIB Merger, San Francisco

+ Mar. 21; Arrow Exploration Corp., Annual General and Special Meeting, Calgary

+ April 7; Bank of Nova Scotia, Annual Meeting of Shareholder, Toronto

~

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

+ No man is an island, entire of itself; every man is a piece of the continent. – John Dunne

+ Faith is taking the first step even when you don’t see the whole staircase. – Martin Luther King, Jr.

FACILITYCalgary FREE

 weekly newsletter

Est. July, 1999

HEADLINES: CAPP projections | China coronavirus | Crestpoint purchase | crude price dive |Dow expansion | Enbridge Line 3 greenlight | PSAC forecast | Teck oilsands project botheration + Brian Milloy interview  + deals + rig counts + upcoming events, appointments + REIT NEWS + financings

+ June 14; Willow Park Golf and County Club Charity Classic in support of Calgary Reads, Calgary; info - registration/sponsorship

+ June 15; 2020 Peanut Butter Classic, Elbow Springs GC, Calgary; sponsorship,  info/registration

+ Aug. 10; 2020 Legends for Learners Tournament in support of The Education Partnership Foundation, Valley Ridge Golf Course, Calgary; sponsorship - info/register

~

[please send your 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

FACILITYCalgary FREE

+ Aecon Group Inc. acquired Voltage Power for $30.0 million

+ Brexit – it happened; now we watch … tic toc

+ CAPP projecting 2020 oil & natural gas capital spending to be $25.4 billion, up from 2019

+ China’s spreading coronavirus consequences are ‘too soon to tell’; 425 deaths, 20,438 confirmed infected as of Monday (as of last Friday it was 213 dead, 9,700 infected – these numbers are expected to continue rising); expected to impact earnings and market values in many industries; airlines and hotels are bracing for impact. Most airlines have stopped flying into China …and media reports are revealing China’s early secrecy may have allowed the virus to spread beyond Wuhan earlier and faster than it would have if they’d been more open. Memories of SARS and the economic impact have sent a shudder through most markets … tic toc

+ Crestpoint Real Estate Investments Ltd. acquired 3 properties for $190.0 million; Place due Canada in Montreal, Stampede Station and TransAlta Place in Calgary

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices down to lowest point in a year on market uncertainty over corona virus and high inventory levels

+ Dow Canada announced US$200.0 million expansion of its Fort Saskatchewan ethylene plant; no staff expansions, but that’s a lot of construction work …

+ Enbridge Inc.’s $2,6 billion Line 3 Replacement Project moving forward; favourable ruling by Minnesota Public Utilities Commission

+ GasNorth Energy Ltd. got regulatory approval to install a natural gas liquefication facility near Fort Nelson, BC

+ Global Petroleum Show – rebranding as: Global Energy Show

+ Intouch Insight Ltd. closed its acquisition of PerformaLogics Inc. and MobilForce

+ Labatt Breweries acquired Banded Peak Brewing Ltd.; terms not disclosed

+ La Capitale Insurance and SSQ Insurance announced their intention to merge

+ PSAC revised its Canada 2020 forecast of number of wells drilled to 4,800 – up 300 over last year

+ Posera Ltd. closed its $14.5 million acquisition of PayFacto Inc.

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 4 to 790 this week; Canada: up 3 to 247 this week; full breakdown

+ Teck Resources Inc.’s proposed Frontier oilsands mine in the news – project is pending Trudeau government cabinet approval; politics and polls and non-committal ministers are adding the concern in Alberta that, once again, Ottawa is not our friend. Premier Kenney is on the case … but it seems his voice is not being heard in Ottawa … tic toc

+ Africa Energy Corp. closed US$25.0 million equity financing by private placement

+ AutoCanada Inc. closed $125.0 million sr. unsecured debt financing

+ Burcon NutraScience Corporation is on the market to raise $10.0 million in equity

+ Garda World Security Corporation closed US$450.0 million sr. secured debt financing by private placement

+ LendCare Capital secured $100.0 million financing commitment

+ MEG Energy Corp. closed US$1.2 billion in sr. unsecured debt

+ Microbix Biosystems Inc. closed $2.355 million equity financing by private placement

+ New Stratus Energy Ltd. closed $2.191 million equity financing by private placement

+ Open Text Corporation is on the market to raise $1.8 billion in sr. unsecured debt

+ SAIS Limited closed $5.0 million equity financing by private placement

+ SQI Diagnostics Inc. closed $4.0 million equity financing by private placement

+ Starlight U.S. Multi-Family (No. 1) Core Plus Fund is on the market to raise $216.0 million in equity by IPO

+ UrtheCast Corp. closed $2.0 million convertible debt financing

~

*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 …

+ China built a massive hospital in 10 days; watch the time-lapse video

+ Firm Capital American Realty Partners Trust closed its $28.0 million acquisition of a 50% interest in Woodglen Village Apartments (250-doors) in Houston

+ VIA Rail Canada issued an RFQ (posted on MERX) for modernizing its Montreal and Toronto Maintenance Centres

+ Calgary City Council is reviewing a revised GreenLine LRT route plan (Updated Stage 1 Alignment); the option favoured will be ‘on budget’ but causing controversy; shorter tunnel, bridge over v. tunnel under the Bow River – total project financing is still incomplete …

+ Capstone Infrastructure Corporation acquired 51% interest in 132MW solar development project in the MD of Willow Creek; The Claresholm Solar Project from Perimeter Solar Inc.; 49% held by Obton A/S

+ Event Centre, the replacement of the Saddledome project, is open for citizen input; the project website has a link for Community Engagement, soliciting feedback …

+ the Joint Project Office (Via Rail / Canada Infrastructure Bank) working on the High Frequency Rail project (Montreal/Ottawa/Toronto) selected ‘owner’s project engineers’: an AECOM and Arup consortium

+ Toronto’s Buttonville Municipal Airport (in Markham) coming to market; Cadillac Fairview and Armadale Co. Ltd. (the Sifton family) are preparing to put their positions on the market … tic toc

+ CPPIB reported to be selling its 45% JV San Francisco apartment interest with Essex Property Trust for $1.0 billion

+ QuadReal Property Group backing A$300.0 million acquisition in Melbourne, Australia

+ Southwest Value Partners closed on acquisition of two hotel properties in greater Phoenix market; Hilton Scottsdale Resort & Villas (235 keys) and DoubleTree Resort (378 keys) in Paradise Valley

+ Torstar Corporation agreed to sell the Hamilton Spectator building/property in Hamilton for $25.5 million

+ Forever 21 chain, in bankruptcy, will likely be sold as a going concern; Brookfield in a consortium bidding $81.0 million

+ Hudson’s Bay Co.’s board is supporting latest ‘going-private’ proposal … tic toc

+ La Senza (340 stores) is facing action from creditors attempt to petition them into bankruptcy in Delaware courts … tic toc

+ Allied Properties REIT co0mpleted its acquisition of 747 Victoria Square

+ Dream Industrial REIT in negotiation to acquire $347.0 million in light industrial assets in Netherlands and Germany

+ European Residential REIT closed the sale of its Dusseldorf property for €16.9 million

+ Summit Industrial Income REIT agreed to acquire 6-building project in Markham, ON; 228,719 sq. ft. for $45.15 million