FACILITYCalgary

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+ Advantage Energy Ltd. agreed to acquire a portfolio of Charlie Lake and Montney assets for $450.0 million

+ ATCO Structures agreed to a $40.0 million acquisition of NRB Modular Solutions

+ Bank of Canada announced a rate shift; down 25 basis points to 4.75%; banks followed with rate cuts

+ Calgary now has the LARGEST convention centre in Canada -  a 565,000 sq. ft. expansion; the BMO Centre expansion opened

+ Chord Energy Corporation and Enerplus Corporation completed their combination

+ City of Calgary – water main break in NW Calgary continues to impact every Calgarian; water restrictions seem to be slightly lifted, the Mayor apologized for communications gaffs/withholding information and scare tactics. The rupture was located and repair measures are underway and boil water advisory for some NW communities is lifted and fire ban continues

+ City of Calgary – offering of the Midfield Height property to purchase proposals from multi-family developers is now open (June 4 – July 9) – click this link for further information, documents and the project brochure

+ City of Calgary is offering a TOD site at Franklin Station to developer proposals for affordable housing

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$77/bbl; Brent @ US$81/bbl ~

+ EPCOR Utilities Inc. agreed to acquire Harmony Advanced Water Systems Corp.

+ Government of Alberta wrapped it’s spring legislative session

+ Government of Canada DID NOT LISTEN to feedback on it’s proposed changes to Capital Gains Tax that becomes effective June 25/2024 – they tabled their plan today to chagrin of every organization that spent so much effort lobbying them to reconsider; it seems the overspend/Trudeau government has a new way to attempt to balance the books – it’s not better planning, less waste or spending/staffing control – it’s more than TAX the RICH; it’s tax everyone more when they have a capital gain – great summary by Michael Higgins at the National Post….

+ fire season 2024 is underway: Alberta wildfire concerns are well founded;   20 fires are active – 8 of those are new/2024 fires – and NONE are out of control  ~ r

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday

+ FACILITYCalgary – website format changes began last week; many thanks for reader feedback – watch for some new features we’ll be rolling out soon ...

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; click here to sign up ;  click here for this week’s posting

+ Parkland Corporation agreed to sell it’s Canadian commercial propane business unit to Avenir Energy Ltd. for $115.0 million

+ REITrag – is a curated news publication real estate investment trusts; all Canadian REITs and adding American and European listings; available by subscription; sign-up form

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: down 6 to 594 this week; Canada: up 15 to 143 this week

+  TD Bank fun – their U.S. operations are the gift that keeps on giving; first it was a series of ‘loss provisions’ and regulatory scoldings over lax controls over money launderers; and now the inevitable class action lawsuit for shareholders to jump on the pain bandwagon

+ Advantage Energy Ltd. is on the market to raise $65.0 million in equity by way of a subscription receipts offering

+ Advantage Energy Ltd. is on the market to raise $125.0 million by a convertible unsecured debt offering

+ First Capital REIT is on the market to raise $300.0 million in sr. unsecured debt

+ GFL Environmental Inc. is on the market to raise US$500.0 million in senior debt

+ Peyto Exploration & Development Corp. secured an amended and extended $1.0 billion credit facility

+ Rubellite Energy Inc. secured a $60.0 million credit facility

+ Tidewater Midstream and Infrastructure Ltd. closed a $100.0 million convertible debt raise

+ Tribe Property Technologies Inc. is on the market to raise $2.5 million in equity by private placement

+ Chukuma Stephen Isilebo to Sr. Insolvency Advisor @ BDO

+ Jordan Day to Licensed Insolvency Trustee @ Day Group Inc.

+ Kara Flynn to Director @ ATB FInancial

+ Kurtis Linqvist to Pres. & CEO @ Internet Corporation for Assigned Names and Numbers (ICANN)

+ Michelle Connolly to Head, Finanicial Planning and Insurance Solutions @ Raymond James Ltd.

+ Naga Parvatharajan to CEO @ Ratehub Inc.

+ Naseem Bashir to Director @ ATB Financial

+ Paul Genest to Board of Trustees Chair @ National Gallery of Canada

+ Shawn McLeod to Ethics Commissioner @ Government of Alberta

+ Shubha Khan to SVP, Head of Investor Relations @ Great-West Lifeco

~ 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 ]

+ Colleen Klein, widow of Ralph Klein and treasured citizen; 83

+ access to people – amenity?

+ can the workplace help us sleep better? … who knew?

+ design matters

+ workforce culture change challenges – reskilling is the AI future

+ Apple CEO Tim Cook unveils it’s AI / ChatGPT view of the world, and what’s going to be on your phone soon – if you’ve got the newest versions of iPhone or tablet with Nvidia chips

+ can AI predict the weather better than the weatherman? …

+ the war for AI talent heats up

+ greatest risk for Albertans – auto theft claims hot spots

+ insurance industry in for a mind-set-shift

+ Allied Properties REIT published its 2023 ESG Report

+ Ballard Power Systems Inc. published its 2023 ESG Report

+ City of Calgary is offering a TOD site at Franklin Station to developer proposals for affordable housing

+ City of Calgary – offering of the Midfield Height property to purchase proposals from multi-family developers is now open (June 4 – July 9) – click this link for further information, documents and the project brochure

+ City of Calgary is offering a TOD site at Franklin Station to developer proposals for affordable housing

+ EPCOR Utilities Inc. agreed to acquire Harmony Advanced Water Systems Corp.

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag

+ City of Calgary is offering a TOD site at Franklin Station to developer proposals for affordable housing

+ City of Calgary – offering of the Midfield Height property to purchase proposals from multi-family developers is now open (June 4 – July 9) – click this link for further information, documents and the project brochure

+ City of Calgary is offering a TOD site at Franklin Station to developer proposals for affordable housing

+ June 11; ADF Group Inc., Annual Meeting of Shareholders, Laval

+ June 12; Dollarama Inc., Annual General Meeting of Shareholders, Montreal

+ June 13; The Investment Industry Association of Canada, Annual General Meeting, Toronto

+ June 13; The Royal Canadian Mint, Annual Public Meeting, Ottawa

+ June 14; Wall Financial Corporation, Annual General Meeting of Shareholders, Vancouver

+ June 17; High Arctic Energy Services Inc., Annual General and Special Meeting of Shareholders, Calgary

+ June 18; Falcon Oil & Gas Ltd., Annual General and Special Shareholder Meeting, Dublin

+ June 20; Africa Energy Corp., Annual General And Special Meeting of Shareholders, Vancouver

+ June 20; BTB REIT, Annual General Meeting of Unitholders, Montreal

+ June 20; Invesque Inc., Annual General Meeting, Toronto

+ June 26; Aimia Inc., Annual Meeting of Shareholder, Toronto

+ June 26; Chorus Aviation Inc., Annual Meeting of Shareholders, Halifax - virtual

+ Aug. 20; Dye & Dunham Limited, Special Meeting of Shareholders, Toronto

~ some guidance on conducting virtual shareholder meetings, provided by BD&P

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

+ June 10 – 12’ NeoCon, Design Takes Shape @ THE MART, Chicago - register

+ June 11-13; Global Energy Show Canada, Energy Powering Opportunity, BMO Centre, Calgary; register

+ June 15; Diamond Gala – Calgary Real Estate Board Gala, ‘new’ BMO Centre, Calgary Stampede Grounds; info / tickets

+ June 18; ERA-15; Lessons Learned, TELUS Spark Science Centre, Calgary – free event/register

+ June 18-19; Petrochem Canada Conference and Expo 2024, Sarnia, On; call for presentations

; registration for live attendance of FREE virtual attendance

+ June 24-26; The WorkX Conference, Embrace the Future of Work, Dallas; info/register

+ Sept. 11-12; Oil Sands Expo, Fort McMurray, info/register

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 24-26; International Pipeline Expo 2024, Telus Convention Centre, Calgary

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – info / register

+ Nov. 5-6; 2024 Smart Energy Vancouver, Vancouver – save the date;

+ June 20; IFMA Calgary Chapter – IFMA Calgary Open; Lynx Ridge Golf Club, Calgary; sponsorship / golf

+ June 24; Rotary 28^th Annual Stay-In-School Charity Golf Classic, Glencoe G&C Club, Calgary; register

+ July 11; 22^nd Annual COAST Hotels, Shuhachi Naito Golf Classic, Tsawwassen Springs Golf Club, Delta; register

+ July 17; Calgary Construction Association - 80^th Anniversary Classic Golf Tournament, Springbank Links; info/register

+ Aug/ 16 – 18; Rogers Charity Classic/PGA Seniors Tour, Canyon Meadows; tickets/sponsors information tba

+ Sept. 4; 8^th Annual Little Warriors Golf Tournament, The Quarry Golf Course – Edmonton; registration/donations/sponsors

+ Sept. 23; Camp Chief Hector Golf Tournament, Bearspaw Golf Course, Calgary

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

+ Eight Albertans to be inducted ni the Alberta Order of Excellence – Don Begg, Will Ferguson, Robert Foster, Catherine Fraser, Stephen Mandel, Kim Ruether, Nancy Southern and Garnette Sutherland

+ to the the Taylor Family Foundation for their $30.0 million donation to SAIT for it’s new 269,000 sq. ft. SAIT Campus Centre building to be named the Taylor Family Campus Centre