+ Alberta Collu to Pres. & CEO @ Marathon Mortgage Corp.

+ Anna Murray to Managing Dir., Global Head of ESG @ BentallGreenOak

+ Avrum Senensky, Exec. VP @ Lakeview Hotel Investment Corp., retired

+ Barry Shafran, Pres. & CEO @ Chesswood Group Limited, retiring

+ Bob Rae to Canadian Ambassador to the United Nations

+ Brent Jolly to Pres. @ Canadian Association of Journalists

+ Dawn Farrell to Chancellor @ Mount Royal University

+ Domenic Marino to National Deals Leader @ PWC Management Services LP

+ Douwe van der Molen to COO @ Trotter & Morton Group of Companies

+ Drew Coles, Chair @ Alignvest Student Housing REIT, resigned

+ Drew Hyndman to Interim CAO @ Town of Cochrane

+ Emily Rosen to Sr. Development Associate @ DiamondCorp

+ Gitane De Silva to CEO @ Canadian Energy Regulator

+ Greg Watson to Sr. Consultant @ Sphere Recruitment Solutions

+ Hayden Moncrieff to Development Lead, Ontario – Tim Hortons @ Restaurant Brands International

+ Isha Shishodia to Talent Acquisition Coordinator @ Symend

+ Jeff Damberger to Director, Insurance and Risk @ Avenue Living Asset Management

+ Joel Rood to Project Mgr. @ First Choice Millwork

+ John Betts Pres. & CEO @ McDonald’s Restaurants of Canada Limited, retiring

+ John Hartmann to Director @ Boyd Group Services Inc.

+ Karen Stone, CEO @ Habitat for Humanity Edmonton, stepped down

+ Kevin Glass to Director @ Spin Master Corp.

+ Kevin Schwaiger to Director of Development @ Subway Development 2000 Inc.

+ Lois Mitchell, Lieutenant-Governor of Alberta, stepped down at the end of her term

+ Lucie Quenneville to Gen. Mgr., Programming and Strategies Acquisition @ Bell Media

+ Maia Tomljanovic to Partner @ Cumming & Gillespie Lawyers

+ Michelle Fournie to Mgr., Iniikokaan Centre @ Bow Valley College

+ Nancy Lockhart to Chair @ Alignvest Student Housing REIT

+ Nicolas Truchon to CEO @ Rideau Transit Group

+ Randall Froebelius to Vice-Chair @ BOMA International

+ Rajiv Silgardo to Trustee @ Alignvest Student Housing REIT

+ Sabrina Fitzgerald to National Private Company Services Leader @ PWC Management Services LP

+ Salma Lakhani to Lieutenant-Governor of Alberta

+ Scott Langille to CFOR @ Cipher Pharmaceuticals Inc.

+ Tom Keiser to CEO @ Hootsuite Media Inc.

+ William Onuwa to Director @ Boyd Group Services Inc.

~

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

+ Bill Siebens, OC; oil industry legend, philanthropist and community leader; 86

+ Remote Control – managing a remote workforce

+ Resetting Normal: Defining the New Era of Work

+ Desjardins General Insurance Group released its 2019 Public Accountability Statement

+ in Cirque du Soleil obtained CCAA protection - US$1.6 billion debt and COVID-19 put the 5,000 person organization in deep trouble. EY was appointed monitor … tic toc

+ in Victoria, Sooke Harbour House was bought out of foreclosure by IAG Enterprises Ltd. for $5.632 million

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HEADLINES: Alberta COVID stats| Alberta corporate tax reduction | Calgary ring road delay | Cenovs shipping crude through Panama Canal | GeoVerra formed | Highway 3 twinning | KeystoneXL start near Oyen | TransMountain expansion is a GO + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos

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+ Apple is re-closed 30 more stores across seven states due to COVID-19 case spikes in those areas

+ Cineplex Inc. commenced litigation against Cineworld Group plc et al for repudiating their $2.18 billion takeover transaction – this one will end badly, but for the lawyers involved on both sides must be salivating; this is the first large COVID influenced case of this kind in Canada, so the outcome will impact everyone contemplating a merger, or seeking a way out of one, for a long time … stay tuned

+ Holt Renfrew Ogilvy opened a new 6-level store in Montreal; 250,000 sq. ft.

+ Sept. 18; Alberta IoT Getting Back to Business Golf Tournament, Apple Creek, Rockyview Country; info/register/sponsor

+ PLEASE SEND US YOUR 2021 tournament details for posting here!

~

[please send your 2021 charity golf event notices to  kolke@facilitycalgary.com ]

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 weekly newsletter

Est. July, 1999

+ Alberta COVID-19 stats: 155 deaths, 8,389 cases to date: aggregate Alberta data - currently there are 57 Albertans are in the hospital with COVID-19, and 6 of those are in intensive care units

+ Alberta did a Stage 2 relaunch, allowing many more businesses to re-open and allowing a wider range of public gathering activities started June 12^th; state of public health emergency status for Calgary, and for Alberta, now lifted. The maximum size of outdoor gatherings has been raised to 200

+ Alberta corporate tax reduction being timing accelerated – will go 8%

+ ABTraceTogether – get the APP; GOA has launched an app which, if loaded on your phone, enables contact tracing in the event you or someone you’ve been near contracts COVID-19; this is something we should all consider getting on-board

+ Altura Energy Inc. closed a $3.5 million disposition of assets

+ AMI RockChain Inc. acquired TerraShift Engineering Ltd.

+ Bank of Canada survey finds confidence has slumped …

+ Berkshire Hathaway Inc. agreed to acquire Dominion Energy Inc.’s natural gas transmission and storage business for US$4.0 billion and assumption of US$5.7 billion in debt

+ Brookfield Asset Management Inc. and Ontario Teachers’ Pension Plan JV buying a US$10.0 billion stake in an Abu Dhabi pipeline – part of a 49% acquisition of ADNOC Gas Pipeline Assets LLC

+ BP plc agreed to sell its petrochemical business unit to Incos for US$5.0 billion

+ Cenovus shipment left Burnaby bound for Irving Oil’s New Brunswick refineries by tanker - 11,900 km via Panama Canal – first of possibly many, getting Alberta crude to new markets

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI crude steady, crossed the US$40/bbl level …

+ CUSMA / USMCA (replaces NAFTA) trade agreement came into effect July 1^st

+ Dakota Access pipeline ordered shut down and to be emptied within 30 days by U.S. district court judge over the issue of U.S. Corp. of Engineers reports; no doubt the ruling will be appealed and keep lawyers in new BMW’s for a while … tic toc

+ Delphi Energy Corp. entered into a CCAA recapitalization transaction; $22.9 million capital injection from Kiwetinohk Resources Corp. requires shareholder and court approval

+ Enbridge Inc. partially re-opened operation of its Line 5 dual pipelines after Michigan restraining order was amended; safety issues and politics are a strange mix in the pipeline world these days … tic toc

+ GeoVerra, launched – Canada’s newest surveying and geomatics firm formed by a transaction between Altus Group and WSP – operating in 29 locations in Western Canada and Ontario

+ Government of Canada has extended its foreign travel ban to at least July 31; the U.S. border remains closed except for essential reasons

+ Hub International Limited acquired ivari.ca; terms not disclosed

+ Kinaxis Inc. acquired Rubikloud; terms not disclosed

+ Longshore Resources Ltd. closed its acquisition of Rifle Shot Oil Corp., Steelhead Petroleum Ltd., and Primavera Resources Corp.

+ MNP acquired Next Digital; merger effective August 1^st

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 2 to 263 this week; Canada: up 5 to 18 this week; full breakdown

+ Sun Life Financial Inc. closed its acquisition of a majority stake in InfraRed Capital Partners; terms not disclosed

+ the Canadian Energy Regulator has a new CEO; I met and interviewed Gitane De Silva when she was our ‘man in Washington’

+ Topaz Energy Corp. closed its $100.0 million acquisition of 12.5% interest in Advantage Oil & Gas Ltd.’s Glacier Gas Plant

+ TC Energy’s KeystoneXL pipeline construction of Alberta portion commenced at Oyen, announced by Premier Kenny in a press conference

+ TransMountain Pipeline expansion project challenge by west coast indigenous groups was denied by the Supreme Court of Canada; there is nothing left legally standing in the way of the expansion project … fingers crossed!

+ July 15; Boston Pizza Royalties Income Fund, postponed 2020 Annual General Meeting, Richmond, BC

+ Aug. 7; Bridgemarq Real Estate Services Inc., Annual Meeting of Shareholders, (virtual only)

+ Aug. 18; Optiva Inc., Annual and Special Meeting of Shareholders, Toronto

+ Aug. 24; Artis REIT, Annual Meeting of Unitholders, (virtual only)

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

+ Arch Biopartners Inc. closed US$1.0 million equity financing by private placement

+ Bird Construction Inc. sold Bird Capital Limited’s 20% interest in a 27-facility P3 Concession (10 schools and nine childcare facilities in Saskatchewan) to Concert Infrastructure; terms not disclosed

+ Databale Technology Corporation is on the market to raise $1.0 million in equity by private placement

+ Flinks closed $11.0 million equity financing

+ Flinks closed $5.2 million debt financing

+ Garda World Security Corporation closed US$120.0 million sr. secured debt financing

+ Great-West Lifeco Inc. is on the market to raise $250.0 million in debt

+ Horizon North Logistics Inc. secured a new $175.0 million credit facility

+ mCloud Technologies Corp. closed $11.4 million equity financing

+ MPX International Corporation closed $4.55 million tranche of an equity financing by private placement

+ Pond Technologies Holdings Inc. closed $1.0 million equity financing by private placement

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*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 or non-arm’s-length transactions …

+ Calgary’s Southwest Ring Road project facing delays; predicted to be delayed two years with revised completion now expected in 2024; politicians are explaining and complaining about the cause, and the blame and the Transportation Minister says that’s a ‘worst case’ scenario; final stage $277.0 million contract awarded to Calgary Safelink Partners (Carmacks Enterprises Ltd., Graham Infrastructure and Vinci Infrastructure Canada Ltd.)

+ Government of Alberta announced $150.0 million Twinning Highway 3 project; to start construction in 2021 – will take three years

+ Amazon is building a second fulfillment centre in Barrhaven section of Ottawa; 450,000 sq. ft. facility; 1,000 staff and an undetermined number of robots will run the place

+ BTB REIT cold an office property in Montreal for $21.6 million

+ CAP REIT completed its buyout of eight operating leases for $123.0 million

+ Government of Alberta announced $150.0 million Twinning Highway 3 project; to start construction in 2021 – will take three years

+ You can get the monkey off your back, but the circus never leaves town. – Anne Lamott

+ You were sick, but now you are well again, and there’s work to do. – Kurt Vonnegut

+ to Canadian Western Bank (CWB Financial Group), closing all locations on July 17^th to give all their employees a ‘Day of Thanks’

+ Abel Pagaling, Editor/Publisher of FCM Magazine – and wishes for continue success! … and thanks for interviewing me last week: Abel interviews Mark