+ to eight Albertans – winners of 2015 Alberta Order of Excellence - David Bissett, Jack Donald, Janice Eisenhauer, Dennis Erker, Fil Fraser, Stan Grad, Jacob Masliyah and Frits Pannekoek
+ Scotiabank Calgary Marathon - $1 million raised for 90 local Charities
+ To know what you know and what you do not know, that is true knowledge. – Confucious
+ If you do not change direction, you may end up where you are heading. – Lao Tzu
INTERESTING REAL ESTATE NEWS, other places
+ John Hancock div. of Manulife Financial acquired One South Wacker in Chicago; 40 storey, 1,195,170 sq. ft. Class A office building in the West Loop area
+ Summit Industrial Income REIT agreed to acquire 184,000 sq. ft. industrial building in Mississauga for $14.5 million
+ True North REIT closed $25.4 million acquisition (Hamilton) and two dispositions, (Oshawa $19.3 million and Toronto $10.2 million)
+ Bank of Canada maintained its overnight target rate at ¾ of 1%
+ Bellatrix Exploration Ltd. completed construction of is O’chiese Nees-Ohpawganu’ck deep cut gas plant at Alder Flats; commission Phase 1 is underway
+ Calloway REIT closed ist $1.16 billion acquisition of SmartCentres from Mitchell Goldhar (24 properties in Ontario & Quebec)
+ Canamax Energy Ltd. agreed to acquire Grand Prairie and Grimshaw area producing properties for $24 million
+ Cequence Energy Ltd. agreed to acquire 50% interest in Simonette facilities from Kanata Energy Group Ltd. for $54 million
+ Choice Properties REIT closed its acquisition of 38 retail properties from Loblaw Companies Limited for $201.3 million
+ Crescent Point Energy Corp. agreed to acquire Legacy Oil + Gas Inc. for $1.53 billion
+ current energy prices – live link to Bloomberg energy prices ; crude prices soften on reports of of OPEC and U.S. production increases … loonie @ 80 cents …
+ FirstService got court approval to split itself from Colliers; each will be an independent publicly traded company
+ General Electric Co. began the bidding process; selling off US$40 billion in commercial lending book; dealer financing, corporate finance ..
+ Greek government shaky – owes €1.5 billion in June, €6.7billion in July and August .. tic toc
+ Leucrotta Exploration Ltd. sols its NE BC/Greater Dawson are assets for $80 million
+ Mohawk Medical Growth Partners re-organized five limited partnerships and created Mohawk Medical Properties REIT
+ New Star Energy Ltd. has agreed to be taken over by an undisclosed Chinese buyer for $215 million
+ Pine Cliff Energy Ltd. close its $14.1 million Carrot Creek/Edson area asset acquisition
+ Rosneft agreed to invest up to US$14 billion in Venezuela’s state oil company
+ Sobeys is acquiring the Target distribution centre at Balzac for $50 million
+ Source Rock Royalties Ltd. agreed to acquire a royalty portfolio from Toro Oil & Gas Ltd.
+ Southern Pacific Resource Corp. in receivership; PwC Canada appointed to monitor under court approved CCAA application
+ Storm Resources Ltd. agreed to sell a portfolio of Grande Prairie area assets for $24 million
+ wildfire risk across Alberta is subsiding, particularly in oilsands production areas – staff are returning gradually to shut/curtailed productions sites … as long as the wind doesn’t shift and give new life to fires – most of which are now under control or contained…
+ 12th Avenue Cycle Track/lanes pilot project opens today …
FINANCINGS - proposed & closed
+ Africa Hydrocarbons Inc. is on the market to raise $500,000 in equity
+ Africa Oil Corp. closed US$100 million equity raise
+ Alhambra Resources Ltd. is on the market to raise $8 million in convertible debt
+ Cominar REIT closed $300 million sr. unsecured debt financing
+ Crescent Point Energy Corp. is on the market to raise $600 million in equity
+ CT REIT is on the market to raise $350 million in sr. unsecured debt
+ Manulife Financial Corporation closed $359 million subordinated debt financing
+ Milestone Apartments REIT closed $125 million equity financing
+ Mohawk Medical Growth Partners closed $135 million secured debt financing
+ NexGen Energy Ltd. closed $23,740,000 equity financing
+ NexGen Energy Ltd. closed $3,561,000 overallotment of its equity financing
+ Royal Bank of Canada is on the market to raise $150 million in a preferred share issue
+ Royal Bank of Canada is on the market to raise $1 billion in sub. debt
+ Sintana Energy Inc. closed $1.0 million convertible debt financing
+ Source Rock Royalties Ltd. is on the market to raise $10 million in equty
+ Sunshined Oilsands Ltd. is on the market to raise $62,958,000 in equity
+ Tourmaline Oil Corp. is on the market to raise $146,150,000 in equity
+ Yoho Resources Inc. is on the market to raise $15 million in equity
CLIMATE CHANGE IN THE NEWS
+Petroleum Technology Research Centre's (PTRC) Aquistore project in Estevan, Saskatchewan successfully completed its first injection of CO2 as part of Canada's first deep saline CO2 storage project
+ Notely goverment is studying carbon tax strategy in advance of current regulaions expiring June 30
this week in REITS
+ American Hotel Income Properties REIT LP agreed to acquire a nine-hotel portfolio (Illinois, Iowa, Kansas, Missouri and Oklahoma) for US$53.5 million
+ Calloway REIT closed ist $1.16 billion acquisition of SmartCentres from Mitchell Goldhar (24 properties in Ontario & Quebec)
+ Choice Properties REIT closed its acquisition of 38 retail properties from Loblaw Companies Limited for $201.3 million
+ Mohawk Medical Growth Partners re-organized five limited partnerships and created Mohawk Medical Properties REIT
+ Milestone Apartments REIT closed $125 million equity financing
+ Summit Industrial Income REIT agreed to acquire 184,000 sq. ft. industrial building in Mississauga for $14.5 million
+ True North REIT closed $25.4 million acquisition (Hamilton) and two dispositions, (Oshawa $19.3 million and Toronto $10.2 million)
+ Port Authority of New York and New Jersey selected a Vancouver based consortium – Vantage Airport Group Ltd., to build a new US$3.6 billion terminal at LaGuardia Airport in New York
+ Harper Government initiative – Dept. of Aboriginal Affairs and Northern Development is establishing The Canadian High Arctic Research Station Act, officially establishing Polar Knowledge Canada (POLAR) as a new organization; will build on the former Canadian Polar Commission's mandate to serve as Canada's primary point of contact for Arctic science; will be headquartered at the Canadian High Arctic Research Station (CHARS) when it opens in 2017. Construction is expected to generate up to 150 jobs.
