FACILITYCalgary

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

FACILITYCalgary May 6/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Aaron Dhanda to Chief Digital Officer @ Flair Airlines

+ Alex Scott to President @ Athabasca University

+ Andre Mousseau to CEO @ Sagicor Financial Company Ltd.

+ Brendon MacArthur-Stevens to Partner @ Blake, Cassels & Graydon LLP

+ Brett Mooney to Pres. & CEO @ Amex Bank of Canada and Amex Canada

+ Carolyn Harvey to VP Operations @ LXT

+ Cecilia Williams to Pres. & CEO @ Allied Properties REIT

+ Charlene Ripley to Sr. VP and General Counsel @ Teck Resources Limited

+ Chelsea Hunter to Partner @ Blake, Cassels & Graydon LLP

+ Darryl Clark to VP Exploration @ IsoEnergy Ltd.

+ David Murray to COO @ CIMA+

+ Denis Girourd to Exec. VP & Co-Head, Financial Markets @ National Bank of Canada

+ Dr. Deena Hinshaw to Deputy Provincial Health Officer @ Government of British Columbia

+ Elson McDougald, Director & Board Chair @ Stampede Drilling Inc., resigned

+ Étienne Dubuc to Exec. VP & Co-Head, Financial Markets @ National Bank of Canada

+ Janice Ciavaglia, CEO @ Assembly of First Nations, resigned

+ Jason Kenney to Sr. Advisor, Public Policy Group @ Bennett Jones

+ John Farquhar to Partner @ Felesky Flynn LLP

+ Kristopher Simard to Partner @ Blake, Cassels & Graydon LLP

+ Lyle Whitmarsh to Board Chair @ Stampeded Drilling Ltd.

+ Mark Usher to Head of Innovation Banking Unit @ CIBC

+ Matt Berman to Pres., Foresters Financial Canada @ Independent Order of Foresters

+ Michael Emory founder, Pres. & CEO, to Executive Chair. @ Allied Properties REIT

+ Nanthini Mahalingam to Sr. VP & CFO

+ Neil Vohrah to Pres., High-Rise Residential, North America @ Great Gulf Corp.

+ Patrick Lee to CFO, Canada @ AXA XL

+ Peter Scott, President @ Athabasca University, fired without cause

+ Robert Georgantas to Pres. & Chief Technology Officer @ Providence Therapeutics Holdings Inc.

+ Tom Wagner to Partner @ Blake, Cassels & Graydon LLP

+ Tony Gaffney to Pres. & CEO @ Vector AI Institute

~ 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 ]




 REMEMBRANCE 

+ George Liszicaz; Chairman & CEO @ NXT Energy Solutions; 69

+ Rhy Eyton; accountant/executive, former CEO @ Pacific Western Airlines; 88




 TECHNOLOGY TRENDS 

+ CGI is growing its relationship with the National Bank of Canada; acquiring its in-house financial planning solutions

+ Garmin Canada is growing, expanding its Cochrane headquarters by 22,000 sq. ft. to accommodate staff growth




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CONVERSATIONS

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

some recent talks

speaking tips (90 x 1 minute each)

 
CONTACT MARK KOLKE 
 KEYNOTE SPEAKER AND WORKSHOP LEADER



 IFMA - CALGARY CHAPTER NEWS + EVENTS 

Our IFMA Calendar - save these dates for facility tours + networking events coming in 2023:

February  - watch for an announcement

April 27 - ATCO headquarters 
May  - announcement soon
June 26 - IFMA Golf Tournament - details soon

Registration via our Events Page - click here


And - we are building back our Board - contact Mark Kolke for more information about joining the Calgary Chapter's leadership team. We have room to grow, and you can help ...



 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Canadian Infrastructure Bank is investing $165.0 million to support City of Calgary purchase of 259 zero-emission buses by 2027

+ Westridge Renewable Energy Corp. establishing Red Willow Solar PV project and battery energy storage system in Stettler County




 INTERESTING TRENDS IN OFFICE REAL ESTATE ... 

+ Wood PLC (formerly AMEC Foster Wheeler) expanding/relocation in Calgary; moving from the downtown core to the former Golder Associates building on Barlow Trail; 30,000 sq. ft. space will be home to 680 staff




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE 

+ Fahr Brewery to expand its presence in Diamond Valley (formerly Turner Valley); great growth since I met and interviewed Jochen Fahr in December 2016




 INTERESTING TRENDS IN RETAIL 

+ Hudson’s Bay will close two Alberta stores this summer; Londonderry in Edmonton and Banff

+ RONA Inc. completed its acquisition of Lowe’s; will all now operate as RONA Inc. and rebrand the continuing Lowe’s locations as RONA




 SHAREHOLDER MEETINGS

+ Mar. 1; Alberta Beef Producers, Annual General Meeting, Red Deer

+ Mar. 8; Prodigy Venture Inc., Special Meeting of Shareholders, Toronto

+ Mar. 8; Servus Credit Union, Annual General Meeting, Edmonton

+ Mar. 18; First Capital REIT, Annual and Special Meeting and Unitholders, Toronto

+ Mar. 28; Slate Office REIT, Annual and Special Meeting of Shareholders, Toronto

+ May 16; First Capital REIT, Annual and Special Meeting of Unitholders, Toronto

+ Apr. 4; The Bank of Nova Scotia, 191st Annual Meeting of Shareholders, Toronto

~ Canadian banks and life insurance companies got approval to do their 2023 annual meetings virtually

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




 Sponsors of this week's issue:

BennettJones.com



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 QUOTES 

+ The more an idea is tied to your identity, the more you will ignore evidence it is false. To continue to grow and learn, you must be willing to update, expand and edit your identity. – James Clear




CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES

OFFICE AND INDUSTRIAL LEASING

RETAIL LEASING AND SALES



Mark Kolke, DTM, VP Commercial - MaxWell Capital Realty
6204B Burbank Road SE, Calgary, AB T2H 2C2
. . . . . . . . . . . . . . . . . . . . . . 
Consultant - Special Purpose Projects, P3, Education Facilities
Agent - Investment Sales; Office, Industrial & Retail Leasing
A full-service real estate practice:
Commercial - Investment Sales & Leasing | Consulting | 
Agricultural | Residential Sales | Land | Property Management | 
 
Phone/Text: (403)-312-8359 / email: kolke@markkolke.com 
PLANDflex Corporation / Consulting Services
Editor / Publisher - FACILITYCalgary
MaxWell Capital Realty / VP Commercial /Agent/Realtor
. . . . . . . . . . . . . . . . . . . . . . 



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. 






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NEWS SUMMARY 
  February 1~ 7 / 2023 


+ BMO Financial Group completed its acquisition of  Bank of the West; BMO is now 8th largest North American Bank by assets

+ Blacksteel Energy Inc. agreed to acquire Drakkar Energy Ltd.

+ Canaccord Genuity Group Inc. agreed to acquire Mercer’s Canadian private wealth business; $1.5 billion book boost for Canaccord

+ Canadian Infrastructure Bank is investing $165.0 million to support theCity of Calgary purchase of 259 zero-emission buses by 2027

+ CCUS incentives in Alberta – check out this analysis from BD&P

+ City of Calgary selected an SNC-Lavalin led team to run the process/delivery partner for Calgary Green Line LRT project

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI @ US$75/bbl, Brent @ US$82/bbl; traders are seeing uncertainty in demand over China’s recovery …

+ Ernst & Young published its 2022 Corporate Responsibility Report

+ FACILITYCalgary, published free every Tuesday morning; focused on oil & gas, finance and real estate industry news; click here to sign up – please tell your colleagues and friends, or sign them up …

+ Frontera Energy Corporation announced its 2023CapEx Budget is $385.0 million

+ Garmin Canada is growing, expanding its Cochrane headquarters by 22,000 sq. ft. to accommodate staff growth

+ HOUSING TRUTH, our residential newsletter for the greater Calgary area, will continue in 2023 as a quarterly publication – our year end 2022 report will be out soon; click here to sign up

+ MONDAY MORNING MINUTE, our weekly ‘100 words from Mark + a quote’, now in 5th year of starting readers with a quick inspiration thought – free subscription; click here to sign up

+ Preval AG expanded to Western Canada; acquired North American Lamb Company business units; renamed Westfine Meats Inc. and West Excelamb

+ PROPERTY LINES, our commercial/investment newsletter covering Canada-wide news, will continue in 2023 as a quarterly publication – our year end 2022 report will be out soon; click here to sign up

+ reader contributions are always welcome. They help make our publication better; please forward comments and/or news items, and company/appointment announcements to kolke@facilitycalgary.com

+ rig activity in Canada

+ rig counts/utilization (active/working) – US: down 12 to 759 this week; Canada: up 2 to 249 this week; full breakdown and international rig counts

+ RONA Inc. completed its acquisition of Lowe’s; will all now operate as RONA Inc. and rebrand the continuing Lowe’s locations as RONA

+ Shell plc is reorganizing its senior management group

+ Suncor closed its acquisition of 14.65% of the Fort Hills Project from Teck Resources Limited for $688.0 million

+ Westridge Renewable Energy Corp. establishing Red Willow Solar PV project and battery energy storage system in Stettler County

+ Whitecap Resources Inc. closed three non-core asset dispositions for $419.0 million

+ Wood PLC (formerly AMEC Foster Wheeler) expanding/relocation in Calgary; moving from the downtown core to the former Golder Associates building on Barlow Trail; 30,000 sq. ft. space will be home to 680 staff




THIS WEEK IN FINANCINGS 
- proposed & closed

+ ApartmentLove Inc. closed the final tranche of its $2.896 million equity raise by private placement

+ AutoCanada Inc. increased it’s credit facility to $1.6 billion

+ Avanti Helium Corp. closed $6.325 million equity raise

+ Bed Bath & Beyond Inc. is on the market to raise US$1.0 billion in equity to stave off bankruptcy

+ Bell Canada is on the market to raise $1.5 billion in debt

+ BOXX Insurance closed US$14.4 million funding raise

+ Chorus Aviation Inc. secured $50.0 million credit facility

+ Comprehensive Healthcare Systems Inc. closed $1.056 million equity raise by private placement

+ Énergir, L.P. is on the market to raised $213.0 million in equity by private placement

+ Global Food Ingredients Ltd. secured $3.0 million debt financing

+ Hippoc raised $3.0 million in private equity funding

+ International Battery Metals Ltd. closed $2.032 million equity raise by a rights issue exercised

+ Metro Inc. is closed $300.0 million in sr. unsecured debt

+ NXT Energy Solutions Inc. closed $1.883 million equity raise by private placement

+ Saturn Oil & Gas Inc. closed $125.0 million equity raise

+ Simply Better Brands Corp. closed $5.0 million equity raise by private placement

editor’s note: names of 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. 7; Edmonton Region Hydrogen Summit; save the date/information

+ Feb. 15-26; BUILDEX Vancouver, Vancouver Convention Centre West; info/register

+ Feb. 23-27 (different global regions each day; Global Property EXPO, virtual only; info/register

+ Mar. 13; 2023 Juno Awards – Rogers Place, Edmonton; tickets

+ Mar. 14-17; MIPIM 2023, Palais des Festivals, Cannes, France; registration is open

+ Apr. 4 & 5; BMO Capital Markets and Canadian Association of Petroleum Producers – Annual Energy Symposium, Investors Conference – save the date

+ Apr. 12; Business Transitions Forum, TELUS Convention Centre, Calgary; info/register

+ Apr. 23; Business Transition Forum, Alberta – Co-Chairs Kristina Williams and Cody Church – save the date; stay tuned for event registration and details

+ Apr. 23; Earth Day 2023 – theme is Invest in Our Planet

+ Apr. 25-27; Canadian Hydrogen Convention - , Edmonton Convention Centre; details/register

+ May 2-3; Williston Basin Petroleum Conference, Regina; save the date/call for presentations

+ May 9-11; Canada Ga & LNG Exhibition & Conference, Vancouver Convention Center; info/register

+ May 31-June 1; Inventures Canada Conference, TELUS Convention Centre, Calgary; registration/tickets

+ June 6-7; Global Energy Transition 2023, New York, NY; agenda, information/register

+ June 7-8; Global Energy Transition 2023. New York; info/register

+ June 12-14; NeoCon 2023 – THE MART, Chicago – call for presentations deadline Jan 31, 2023

+ June 13-15; Global Energy Show, Calgary – save the date

+ Sept. 17-21; 24th World Petroleum Congress; Energy Transitions – the path to Net Zero – save the date

+ Sept. 26-28; BOMEX Edmonton 2023; JW Marriott/Ice District, Edmonton; details/registration

+ Oct. 18-19; BUILDEX Alberta, 20-24; Calgary – save the date

+ Nov. 7-8; Canadian Aerospace Summit, Ottawa - save the date

~~~

2024

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – save the date

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




 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ Ernst & Young published its 2022 Corporate Responsibility Report




  INFRASTRUCTURE + P3 

+ City of Calgary has ‘assembled’ $109.0 million – earmarked for it’s planned multisport field house to be built at Foothills Athletic Park – seeking funding support from other levels of government … tic toc

+ City of Calgary selected an SNC-Lavalin led team to run the process/delivery partner for the Calgary Green Line LRT project


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