+ Aveda Transportation and Energy Services Inc. closed its US$42 million acquisition of Hodges Trucking Company LLC
+ CD Capital Developments rebranded; now known as Capital Developments
+ Cenovus Energy Inc. confirmed a royalty lands sale deal is in the works but will not release details; reports indicate likely buyer is Ontario Teachers’ Pension Plan with a purchase price of $2.5 - $3.0 billion
+ Cequence Energy Ltd. closed $54 million Simonette facilities acquisition from Kanata Energy Group Ltd.
+ Counsel Corporation changed its name to Street Capital Group Inc.
+ Enbridge Income Fund agreed to acquire Canadian liquids pipeline business & renewable energy assets from Enbridge Inc. for $30.4 billion; asset shuffle signals parent co. on acquisition hunt
+ Government of Alberta engaged David Dodge, former Governor of the Bank of Canada to develop a plan for financing Alberta’s infrastructure needs …
+ Greek financial crisis continues to occupy/agitate Euro zone markets; deadlines passing but Greece is still negotiating, tabling new proposals to IMF and World bank ..tic toc..
+ Northern Aspect Resources Ltd. agreed to acquire Blockchain Tech. Inc.
+ Ottawa shift ~~ Harper government approved Australia’s Paladin Energy Ltd.’s takeover of a Nfld. Michelin Uranium mine ~ a thaw of the frozen welcome mat to foreign resource investment .. tic toc..
+ Pekarsky Stein rebranded as Pekarsky & Co.
+ Retrocom REIT is changing its name to OneREIT
+ Sequa Petroleum NV agreed to acquired Tellus Petroleum AS for US$602 million
+ Striker Exploration Corp. closed its $3.875 millioin acquisition of Willow Creek area assets
+ Toscana Energy Income Corporation closed a $9 million oil & gas assets acquisition
+ Vantage Drilling Company engaged advisors to advise on strategic opportunities
+ Williams Cos. rejected a US$48 billion takeover bid by Energy Transfer
FINANCINGS - proposed & closed
+ Arsenal Energy Inc. is on the market to raise $4,016,750 in equity
+ Boralex Inc. closed $125 million convertible debt financing
+ Boralex Inc. secured $75 million credit facility
+ Cresent Point Energy Corp. closed $660 million equity financing
+ Horizon North Logistics Inc. is on the market to raise $80.5 million in equity
+ Husky Energy Inc. closed $150 million preferred share issue
+ Hydro One Inc. is on the market to raise $2.25 billion by IPO for 15% of Hydro One
+ Innergex Renewable Energy Inc. closed $197.2 million debt financing
+ Manitok Energy Inc. closed $6.6 million final tranche of its equity financing
+ Marksmen Energy Inc. closed $500,000 debt & warrants financing
+ Tidewater Midstream and Infrastructure Ltd. closed $210,001,950 equity financing
+ Toronto-Dominion Bank is on the market to raise $1.5 billion in sub. debt
+ Yoho Resources Inc. closed $17,575,864 equity financing
this week in REITS
+ Edward Pitniak to Chairman @ InnVest REIT
+ Lone Star Funds struck a $7.6 billion deal to acquire Home Properties REIT and take it private
+ Mohawk Medical Properties REIT acquired the Brantford Medical Centre; 100% leased, purchase terms not disclosed
+ Retrocom REIT is changing its name to OneREIT
+ Roberto Israel to Chief Information Officer @ CAP REIT
+ Slate Retail REIT agreed to acquire two food anchored shopping centres in Atlanta; US$10.08 million and US$9.43 million
INFRASTRUCTURE / P3 / GREEN
+ Government of Alberta engaged David Dodge, former Governor of the Bank of Canada to develop a plan for financing Alberta’s infrastructure needs …
+ Government of Alberta re-visiting flood prevention measures for southern Alberta; Springbank plans, tunnel .. all under review by Notely government
+ Saint-Laurent Group (SNC-Lavalin is 50%) awarded contract to design, build, finance and maintain the New Champlain Bridge Corridor project; $2.15 billion project included operations and maintenance though to 2049
INTERESTING REAL ESTATE NEWS, other places
+ Mohawk Medical Properties REIT acquired the Brantford Medical Centre; 100% leased, purchase terms not disclosed
+ Slate Retail REIT agreed to acquire two food anchored shopping centres in Atlanta; US$10.08 million and US$9.43 million
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- this site is maintained and updated weekly - last updated May 30, 2023
