+ Canadian Bank Note acquired Unicom Graphics and will integrate it with McAra Printing division
+ China’s stock market down again today following yesterday's plunge (8.5% in one day) sent shivers and ripples through global markets
+ Crew Energy Inc. completed its land swap exchange with the Province of British Columbia
+ Encana Corp. announced it has cut 200 jobs in the last month …
+ current energy prices – live link to Bloomberg energy prices ; oil below US$50/barrel .. yikes – as global supply glut continues …with natural gas market enjoying some life, up 6.1% in the last quarter while most commodities are down …
+ Delphi Energy Corp. closed its $50 million acquisition of Wapiti area assets
+ Diversified Royalty Corp. agreed to acquire Mr. Lube Canada LP for $138.8 million
+ Eagle Energy Trust agreed to acquire a private company/Twining Field assets for $30 million
+ GDI Integrated Facility Services Inc. agreed to acquire Ainsworth Inc. for $20.5 million
+ Harvest International New Energy Co. got U.S. gov’t OK for its takeover of Alter NRG Corp. & secured 94% of the stock in its takeover bid
+ Hudson’s Bay Co. and Simon Property Group closed their US$1.8 billion JV
+ Loblaw Companies Ltd. announced they will close 52 stores in Canada next year
+ Sterling Resources Ltd. engaged advisors to assess and implement strategic options
+ Striker Exploration Corp. agreed to acquire a Belly River asset portfolio; terms not disclosed
+ Touchstone closed $2,150,000 disposition of Dawson area assets
+ TransAlta Corp. agreed to acquire 71 megawatts of solar power; 21MW in Massachusetts & 50MW in Minnesota for $75.8 million from Rockland Capital LLC
+ Trinity Hills got Calgary City Council approval for its Paskapoo Slopes mixed use ‘Whistler Style; development proposal for lands adjacent to Calgary Olympic Park; 2/3rds of the site will be dedicated to city parkland and the developer will fund a $23 million interchange at Sarcee Trail & 16 Ave SW
+ Wood Mackenzie Ltd. report indicates global oil and natural gas producers have delayed more than $200 billion in new investment due to slumping crude prices …
THIS WEEK IN FINANCINGS
- proposed & closed
+ American Hotel Income Properties REIT is on the market to raise $38.6 million in equity
+ Artisan Energy Corporation is on the market to raise $2.0 million in equity
+ Automotive Properties REIT closed $75 million IPO
+ Canyon Services Group Inc. secured $150 million credit facility
+ Diversified Royalty Corp. is on the market to raise $110 million in equity
+ Global Real Estate Dividend Growers Corp. closed $110 million IPO
+ Great Prairie Energy Services Inc. is on the market to raise $2 million in equity
+ H & R REIT is on the market to raise $200 million in sr. unsecured debt
+ InnVest REIT closed $6,300,000 overallotment of its recent equity financing
+ Junex Inc. closed $10 million common shares & warrants financing
+ Tidewater Midstream and Infrastructure Ltd. closed $210 million equity raise
INFRASTRUCTURE / P3
+ Alberta Government announced Municipality Sustainability Initiative funding levels for 2015-16 WILL be maintained at $876.9 million …
+ Calgary to get LRT Green Line funding from the Federal Government - $1.5 billion contribution will come from the Public Transit fund to cover 1/3rd of the projected $4.6 billion capital cost; the line will run from Beddington in the north, to downtown, then out to Seton in the extreme SE; construction to begin with the next two years …
+ Crosslinx Transit Solutions (SNC-Lavalin, Aecon and EllisDon and their consortium members) announced that financing has been arranged for the Eglinton Crosstown Transit P3 project (design, build, finance and maintain) in Toronto – a multi year project estimated to cost $5.3 billion to build
CLIMATE CHANGE / LEED / RENEWABLE ENERGY
+ PowerStream acquired a portfolio of 2.575 megawatts of solar power projects from JCM Capital; terms not disclosed
+ Samsung Renewable Energy Inc. – Connor, Clark & Lunn Infrastructure – Six Nations of Grand Rivers completed a 100 megawatt ‘Grand Renewable Solar Project’
+ TransAlta Corp. agreed to acquire 71 megawatts of solar power; 21MW in Massachusetts & 50MW in Minnesota for $75.8 million from Rockland Capital LLC
+ U.S. Green Building Council reported that Canada is the top country outside the U.S. in adopting LEED standards; 4,814 certified and registered projects (China is in 2nd place at 2,022). The U.S. number is 53,908 which suggests that, on a per-capita basis, we are neck and neck …
QUOTES
+ You’re only here for a short visit. Don’t hurry, don’t worry. And be sure to smell the flowers along the way. – Walter Hagen
+ I have a simple philosophy: Fill what’s empty. Empty what’s full. Scratch where it itches. – Alice Roosevelt Longworth
