FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Annick Guérard to Director @ Transat AT Inc..

+ Barbara Munroe to Director @ Willow Biosciences Inc.

+ Bill Maurin, Pres. & CEO @ Meridian Credit Union/motusbank, stepped down

+ Bruce Covernton to VP, Sales and Marketing @ Magnum Staffing Services

+ Candice Weremey to Sr. Philanthropy Officer @ Habitat for Humanity, Southern Alberta

+ Fiona Cochrane to Assistant Vice-President @ Infrastructure BC

+ Gary Genik to Interim Pres. & CEO @ Meridian Credit Union/motusbank

+ Gary Mayzes to Sr. VP & Regional Mgr. @ Wellington-Altus Private Wealth

+ Jackie Sheppard to Director @ AIMCo

+ Janice Fukakusa to Trustee @ RioCan REIT

+ Jim Keohane to Director @ AIMCo

+ Jim Preece, Pres. & CEO @ Property Management Institute of Canada, retired

+ Jina Abells Morissette to Partner @ DHR International

+ Jocelyn McCaslin to VP, Global Account Strategy @ T5Data Centers

+ Kathy Baig to Pres. @ Engineers Canada Board

+ Kelly Holtby to Director, Commercial Dev. @ Gibson Energy

+ Mark Hanrahan to CFO @ Synaptive Medical

+ Mary Chronopoulos to CFO @ Supremex Inc.

+ Melissa Sartor to Change Analyst @ ATCO Group

+ Micheal Zea to Exec. VP & Operating Partner Group Lead @ QuadReal Property Group

+ Mike Reeves to CEO and Director @ ShawCor Ltd.

+ Nick Aubry to COO @ Gentec International

+ Paul Crawford to CEO @ August Electronics

+ Sandra Marocco to VP Marketing & Customer Experience @ Alberta Blue cross

+ Shaun Kelly to VP Operations @ High Arctic Energy Services

+ Shawn McMillan to CFO & Corp. Secretary @ EarthRenew Inc.

+ Stephen Orr, CEO and Director @ ShawCor Ltd., retired

+ Susannah Alleyne to Equity, Diversity & Inclusion Counsel @ Law Society of Alberta

+ Teresa Merryfield to Campus Director @ Academy of Learning Career College

+ Todd Smithline to Director @ Kivuto Solutions

~ 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 ]


 MEMORIAM 

+ Angus MacNaughton; former Pres. & CEO @ Genstar Corporation, 89

+ Edgar Davis; retired distinguished engineer, former Pres. @ Calgary Olympic Development Association, 104




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ burnout is building at a high rate in survey results

+ just 1 in 5 want to get back to the office full time

+ pushing the right buttons – 2021 Employee Experience Trends Report

+ working 6 days a week? … the danger of unpaid overtime




CONVERSATIONS

Click here to access the archive (2012-2021) : archived conversations with fascinating Calgarians ...



 BOARD + COMMUNITY VOLUNTEER OPPORTUNITIES 

+ THIRD ACTion Film Festival, is seeking volunteers – get in on the action, great films and a fascinating volunteer experience – info/apply

[please send your community board notices to  kolke@facilitycalgary.com ]




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 SHAREHOLDER MEETINGS

+ June 1; Volunteer Centre of Calgary, Annual General meeting, virtual-only

+ June 3; BRP Inc., Annual General Meeting, virtual-only

+ June 4; Sagicor Financial Company Ltd., Annual and Special Meeting of Shareholders, virtual-only

+ June 9, Dollarama Inc., Annual General Meeting of Shareholders, virtual-only

+ June 10; Africa Energy Corp., Annual General and Special Meeting of Shareholders, virtual-only

+ June 14; Avcorp, Industries Inc., Annual Meeting of Shareholders, Vancouver, in-person/proxy only

+ June 15; BTB REIT, Annual and Special Meeting of Unitholders, virtual-only

+ June 17; American Hotel Income Properties REIT LP, Annual and Special Meeting of Unitholders, virtual-only

+ June 17; Economical Mutual Insurance Company, Annual Meeting of Policyholders, virtual-only

+ June 17; OV2 Investment 1 Inc., Annual and Special Meeting of Shareholder, virtual-only

+ June 18; Frontenac Mortgage Investment Corporation, Annual General and Special Meeting, virtual-only

+ June 22; Optiva Inc., Annual and Special Meeting of Shareholders, virtual-only

+ June 23; ShaMaran Petroleum Corp., Annual General Meeting of Shareholders, virtual-only

+ June 29; K-Bro Linen Inc., Annual General Meeting, virtual-only

+ July 12; K.B. Recycling Industries Ltd., Annual and Special Meeting of Shareholders, virtual-only

+ July 15; MTY Food Group Inc., Annual General Meeting of Shareholders, virtual-only

+ July 20; K.B. Recycling Industries Ltd., Annual and Special Meeting of Shareholders, virtual-only

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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Pieridae Energy Limited is establishing a Caroline carbon capture complex; the Caroline Carbon Capture Power Complex will sequester carbon, generate power and net-zero emission offsets; ambitious plan announcement doesn’t disclose timelines or capital cost budget … tic toc




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

Please send us your events:

+ July 16; Alberta IoT, 2nd annual Golf Tournament, Lynx Ridge Golf Club, Calgary; info/register

+ Aug. 11-15; Shaw Charity Classic – PGA Champions Tour Event, Canyon Meadows Golf and Country Club, info/website

+ Aug. 12; Glenn Anderson Day of Golf, in support of the Cross Cancer Institute, Derrick Golf & Winter Club, Edmonton – info/sponsor/save the date

+ Aug. 24; Alberta Cancer Foundation Golf Classic, Country Hills Golf Club; info/register

+ Sept. 8; Little Warriors Charity Golf Tournament, The Quarry course, Edmonton; info/details/donate;  register

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




 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to Sept. 21-23, 2021; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners




 INTERESTING TRENDS IN INDUSTRIAL + LOGISTICS REAL ESTATE 

+ StorageVault Canada Inc. closed the acquisition of four (2 in Saskatchewan, 2 in Alberta) storage assets for $32.0 million

*information in this section, relevant to Alberta/Calgary – for national and international news, go to our PROPERTYlines monthly publication




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 THIS WEEK'S HEADLINES


ALBERTA COVID STATS | Alberta ‘Open For Summer’ Plan | Bennett Jones – welcome! | Calgary Stampede, sans-chucks | crude prices strengthening | Pieridae’s Caroline carbon capture plan + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

BennettJones.com



Visit: https://www.incito.ca/
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E-mail:  inspire@incito.ca

EXECUTIVE COACHING



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OUR SERVICES



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DIGITAL COMPONENT CONSTRUCTION



The Level Seton - Rental by ROHIT
For showings and information, call Jenn at 587-600-1960 

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 QUOTES 

+ Never cut what you can untie. – Joseph Joubert

+ Everyone’s past is locked up in their recipe – the past of an individual and the past of a nation as well. – Laura Esquivel




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 - 2021 MaxComm Communications. All rights reserved. Domains operated by MaxComm Communications:

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http://markmusing.com


 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 May 25 ~ June 1 / 2021 


+ Alberta COVID-19 stats: 2,227 deaths to date, 7,646 active cases of 227,509 confirmed cases to date: aggregate Alberta data – currently, 439 Albertans are in the hospital with COVID-19, and 133 of those are in intensive care units; 4,527,212 tests have been administered to 2,142,426 Albertans since the pandemic began

+ Alberta COVID-19 rate (active cases/population) was the highest in Canada; ‘stop the spike’ measures are in effect; stricter restrictions package for a three week clampdown – now done; it’s Alberta re-opening time, again, to be staged depending on case statistics and hospitalizations: The Open For Summer Plan … all COVID restrictions in Alberta to be lifted by July according to Premier Kenny … tic toc

+ Alberta Foothills Properties Ltd. placed into receivership; FTI Consulting Canada Inc. was appointed as receiver

+ Alberta Surface Rights Board is now: Land and Property Rights Tribunal

+ Alberta Vaccine program –  now finishing Phase 2

+ABTraceTogether – get the APP

+ ANNOUNCING:  welcome to our newest sponsor/advertiser at FACILITYCalgary – we proudly welcome Bennett Jones (see their ad below and on the website – Business Law Talks Podcasts, New Energy Economy Series, and connect with their Energy Team)

+ Calgary Council Derby, lots of horses in this year’s races: City of Calgary 2021 elections; now there are 17  candidates running for mayor: Ian Chaing, Jan Damery,  Jeremy Farkas, Brad Field, Emile Gabriel, Jyoti Gondek, Larry Heather, Dean Hopkins, Kevin Johnston, Zane Novak,Teddy Ogbonna, Sunny Singh, Shaoli Wang,  Grace Yan, Zac Hartley, Grant Prior and Jeff Davidson; 71 candidates have filed nomination papers for council’s 14 Ward seats

+ Calgary Stampede WILL go ahead; no Chuckwagon Races …

+ City of Calgary has renewed the COVID caused local state-of-emergency protocol to August 13, 2021

+ Clearbeach Resources Inc. and Forbes Resources Corp. sought CCAA protection; MNP appointed Monitor

+ Canadian Pacific Railway Limited continue to wish they’d not lost KCS to CN; the rationalizations have begun

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices up-ticking slightly ..WTA @ US$67/bbl, BRENT @ US$69/bbl and Goldman are now predicting US$80/bbl for the 4th qtr … – and OPEC+ group is forecasting stockpiles dropping …

+ Enbridge Line 5 news: nothing new – the mediation process between Enbridge and Michigan state regulators continues … tic toc

+ ESI Energy Services Inc. completed its going-private transaction; not owned 100% by Battery Mineral Resources Corp.

+ Forthryte Services Inc., placed in receivership; Farber and Partners appointed receiver and manager

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  – April issue, archived issues

+ Intact Financial Corporation and Tryg A/S completed their acquisition of RSA Insurance Group plc

+ NAME CHANGER: Canadian Association of Oilwell Drilling Contractors (CAODC) changed its name to Canadian Association of Energy Contractors (CAOEC)

+ Nutrien Ltd. reported to be in merger discussions with BHP Group …

+ Pieridae Energy Limited is establishing a Caroline carbon capture complex; the Caroline Carbon Capture Power Complex will sequester carbon, generate power and net-zero emission offsets; ambitious plan announcement doesn’t disclose timelines or capital cost budget … tic toc

+ Platform Calgary – $80.0 parkade and tech-sector office facility opened in the East Village

+ PROPERTYlines;  – monthly commercial real estate newsletter  CLICK HERE to CHECK OUT THE April issue;  archived PROPERTYlines Issues

+ Salt Bush Energy Inc. filed a notice of intention to restructure; Deloitte Restructuring Inc. appointed as monitor

+ Shaw Communications Inc. got court approval to go ahead with its merger/combination with Rogers Communications Inc.

+ rig activity in Canada

+ rig counts (active/working) – US: up 2 to 457 this week; Canada: up 4 to 62 this week; full breakdown and international rig counts

+ Yellow Arrow Oiltools Ltd. filed for bankruptcy; The Bowra Group is the trustee




THIS WEEK IN FINANCINGS 
- proposed & closed

+ André Dupras to VP Human Resources @ Theratechnologies Inc.

+ Bell Canada is on the market to raise $500.0 million in debt

+ BetterLife Pharma Inc. closed $6.325 million equity financing

+ ChargerQuest closed $3.1 million equity raise

+ Converge Technology Solutions Corp. is on the market to raise $100.0 million in equity

+ dentalcorp Holdings Ltd. closed $950.0 million equity raise by IPO

+ ESE Entertainment Inc. is on the market to raise $7.5 million in equity

+ Exchange Income Corporation closed $8.077 million overallotment of its recent equity raise

+ Firm Capital Property Trust is on the market to raise $25.0 million in equity

+ Huntington Exploration Inc. is on the market to raise $6.0 million in equity by private placement

+ Killam Apartment REIT closed $109.3 million equity raise

+ Kontrol Technologies Corp. is on the market to raise $8.5 million in equity by private placement

+ Legend Power Systems Inc. is on the market to raise $10.3 million in equity

+ Neighbourly Pharmacy Inc. closed $175.0 million equity raise by IPO

+ Nova Leap Health Corp. is on the market to raise $2.0 million in equity by private placement

+ NXT Energy Solutions Inc. secured $1.0 million credit facility

+ Padlock Partners UK Fund II is on the market to raise $40.0 million in equity by IPO

+ PartnerStack closed $29.0 million financing round

+ Reconnaissance Energy Africa Ltd. closed $41.4 million equity raise

+ Skylight Health Group Inc. closed $13.8 million equity financing

+ Uranium Participation Corporation closed $80.5 million equity raise

*editor’s note: names 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 …




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ Frontera Energy Corporation published its 2020 Sustainability Report

+ Oxford Properties published its 2021 Global Sustainability Report



 INFRASTRUCTURE + P3


+ Ontario tunneling contracts totalling $1.5 billion for P3 projects awarded

+ Platform Calgary – $80.0 parkade and tech-sector office facility opened in the East Village




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Ontario tunnelling contracts totalling $1.5 billion for P3 projects awarded

+ the Left Bank is not just in Paris; check out this new Left Bank project in Toronto

+ winners of 2021 A’ Design Awards




 SAVE THE DATE / upcoming events

+ June 8 & 9; Land & Development Conference; virtual-only – save the date/sponsorship

+ June 6-18; CERI 2021 Petrochemical Conference, Kananaskis Mountain Lodge; program; sign up/register

+ June 11-13; THIRDACTion Film Festival; June 11-13; see 22 titles/trailers  – TICKETS NOW ON SALE

+ June 20; Oil & Gas Tech Summit 2021; virtual – register here

+ June 11-13; THIRDACTion Film Festival – Patricia Whalen Theatre, in-person & online - Calgary Downtown Library, and VIRTUAL; tickets/passes go on sale April 12th; SAVE THE DATES/get on the mailing list – and check out the 2020 Films

+ June 18-20; Cultivation of Art Show and Sale, Vale’s Greenhouse, Black Diamond; info/directions

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

+ July 9 – 18; Calgary Stampede, details being finalized; no chuckwagon races: here’s the Q + A ….

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

+ Aug. 28; Enbridge Tour Alberta for Cancer; sign up for free, no minimums – cycle from anywhere and any distance – pedal for progress; info/register

+ Sept. 12-15; Digital Construction World, Dubai World Trade Centre, info/register

+ Sept. 21 - 23; Global Energy Show, Stampede Park, Calgary; awards nomination, info/registration

+ Oct. 4-6 [REVSIED DATE]; NeoCon, the Mart, Chicago; info

+ Oct. 20-21; BOMEX Virtual 2021, The New Normal?, annual conference; save the date/mailing list, call for presenters

+ Nov. 9-10; ISA, Calgary Show – Expo & Conference, Telus Convention Centre, Calgary; save the date / submit a paper (deadline is June 7) / conference brochure/register

+ Dec. 6-9; World Petroleum Congress, Houston; info/registration

~

2022

+ Feb. 17-18; Canadian Concrete Expo, International Centre, Mississauga, ON; save the date

+ Mar. 31 – Apr. 1; National Heavy Equipment Show, International Centre, Mississauga; save the date

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


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