FACILITYCalgary

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

FACILITYCalgary Aug9/22

CONVERSATIONS

ARCHIVED ISSUES

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CONVERSATIONS

A recent conversation with Gord Appel, Managing Partner @ Axiom Mortgage Solutions

A recent conversation with Laura Newcombe, Director Property Management, Calgary @ GWLRA

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



SHAKERS AND MOVERS 
appointments and disappointments 

+ Adam Staruiala to Sr. Account Executive @ Canadian Discovery Ltd.

+ Aly Bandali to Pres. & CEO @ Give Sight Global

+ Andrew Duncan to Chief Investment Officers @ RioCan REIT

+ Asif Haque to Chief Investment Officer @ CAAT Pension Plan

+ Audrey Jacob to Chief Operations Director @ IBI Group

+ Ben Rodney to Chair @ Artis REIT

+ Bill Whitelaw to Managing Dir., Strategy & Bus. Development @ geoLOGIC systems ltd.

+ Christa Williams to Account Exec. @ Canadian Discovery Ltd.

+ David Barthel to CEO @ Health Logic Interactive Inc.

+ Ian Burns to Pres. & CEO @ Servus Credit Union

+ Jaclyn Koenig to CFO @ Artis REIT

+ Jason Marschuk to VP Sales, Canada @ ProStar

+ Jeff Violo to Enterprise Account Executive @ MOBIA

+ Jim Defer to CFO @ Tribe Property Technologies

+ John Brussa to Director @ Leucrotta Exploration Inc.

+ Jon Hoerauf to CEO @ Herschel Supply Company

+ Jon Jackson to Gen. Mgr. @ Sarcee Meadows Housing Coop

+ Josef Vejvoda, Director @ Leucrotta Exploration Inc.

+ Kathleen Cowick to Sr. Legal Counsel and Director of Legal Operations @ Avenue Living Asset Management

+ Ken Gray to Director @ Petrus Resources Ltd.

+ Kim Riley to COO @ Artis REIT

+ Mark Taylor to Director of Safety and Human Resources @ Primary Engineering and Construction

+ Michael McClure, CEO @ SmartStop Self Storage REIT Inc., retiring

+ Michelle Banik to Director @ Empire Company

+ Nadeem Kassam to Head, Investment Strategy, Canada @ Raymond James Ltd.

+ Nadeem Keshavjee to Sr. Director, Mortgage Origination @ Canada ICI Capital Corporation

+ Nina Miletic to Interior Design Technologist @ IBI Group

+ Paul Charette, Chairman @ Bird Construction Inc., to retire and step down

+ Paul Dobson to Sr. VP & CFO @ Ballard Power Systems

+ Pino Di Mascio to Head, Impact Strategy and Delivery @ Dream Impact Trust

+ Richard Florida to Vice Chair, Impact @ Dream Impact Trust

+ Rick Urbanczyk to Director, Real Estate & Property Management @ TC Energy

+ Rob Morris to Acting Mgr. – Physical Security @ City of Calgary

+ Samir Manji to CEO @ Artis REIT

+ Stephen White, Director @ Petrus Resources Ltd., resigned

+ Tom Casey to CFO @ Clarke Inc.

+ Tom Curtis to COO, Burger King @ Restaurant Brands International Inc.

~

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 

+ Bob McPhee, former CEO @ Calgary Opera; 65




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ Canadian securities regulators published their 6th review of women on board and in executive officer positions

+ engagement drives experiences …

+ trusting people to do their best




 BOARD + COMMUNITY VOLUNTEER OPPORTUNITIES 

+ THIRD ACTion Film Festival, is seeking board members – (CPA, Legal, or film industry experience being sought) – info/apply

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




 SAVE THE DATE / upcoming events

+ Apr. 13; Western Canada Apartment Investment Conference (being held virtually), info/register

+ Apr. 14-15; 28th Vancouver Real Estate Forum, virtual-only; info/register

+ May 6; 6th Saskatchewan Real Estate Forum; virtual-only; info/save the date

+ May 12-13; Business Transitions Forum, Westin Edmonton; info/registration

+ May 12-13; Montreal Real Estate Forum, virtual-only; info/register

+ May 13-16; Word Economic Forum, Special Annual Meeting 2021 (postponed and moved from Davos), Singapore

+ May 19 – 20; Alberta Economic Development Leaders’ Summit * Conference; online/virtual; information/register

+ May 26-27; 22nd Edmonton Real Estate Forum, online/virtual; register

+ May 31 – June 1; Egypt Petroleum Show, Cairo, Egypt; info/registration

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

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

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

+ Sept. 21 - 23; Global Energy Show, Stampede Park, Calgary, 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

+ 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 ]




 SHAREHOLDER MEETINGS

+ Mar. 22; 49 North Resources Inc., Special Meeting of Debentureholders, Saskatoon

+ Mar. 29; Terrace Energy Corp. Special Meeting of Note Holders, Vancouver

+ Mar. 30; Cargojet Inc., Annual General Meeting of Shareholders, virtual-only

+ Mar. 31; ARC Resources Ltd., Special Shareholders Meeting, virtual-only

+ Mar. 31; Pinnacle Renewable Energy, Special Meeting of Shareholders, virtual-only

+ Mar. 31; Seven Generations Energy Ltd., Special Shareholders Meeting, virtual-only

+ Apr. 1; TD Bank Group, Annual Meeting of Common Shareholders, virtual-only

+ Apr. 7; BMO Financial Group, Annual Meeting of Shareholders, virtual-only

+ Apr. 8; CIBC, Annual Meeting of Shareholders, virtual-only

+ Apr. 8; Royal Bank of Canada, Annual Meeting of Common Shareholders, virtual-only

+ Apr. 13; Scotiabank, Annual Meeting of Shareholders, virtual-only

+ Apr. 14; Colliers International Group Inc., Annual General and Special Meeting, virtual-only

+ Apr. 22; Calgary Real Estate Board, Annual General Meeting, virtual-only

+ Apr. 29; Yangarra Resources Ltd, Annual General Meeting of Shareholders, Calgary

+ May 6; Trez Capital Senior Mortgage Investment Corporation, Annual and Special Meeting of Shareholders

+ May 6; Western Forest Products Inc., Annual and Special Meeting, virtual-only

+ May 11; Bird Construction Inc., Annual General Meeting of Shareholders, virtual-only

+ May 11; Keyera Corp., Annual Meeting of Shareholders, virtual-only

+ May 13; Precision Drilling Corporation, Annual Meeting of Shareholders, virtual-only

+ May 14; Genesis Land Development Corp., Annual General Meeting, virtual-only

~

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




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 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID cases | Alberta – B52 – Recall Act | Artis REIT re-org | BSE good  news | Rogers buying Shaw/$26 billion |  SECURE-Tervita merging | Waterous acquired OSUM + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

Request a consult
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Visit: https://www.moodystax.com
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E-mail: kmoody@moodystax.com
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OUR SERVICES

TAX LAWYERS


TAX ACCOUNTANTS



Contact Zelos for a free consultation today
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Video Conference:  Booking Calendar
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E-mail: kareen@zelosglobal.com

 LEADERS IN PRIVATE WEALTH MANAGEMENT



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

EXECUTIVE COACHING



RETAINED EXECUTIVE SEARCH - For more information, click here.



Visit: Levvel.ca
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E-mail: connect@levvel.ca
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OUR SERVICES



Visit: https://falkbuilt.com/
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E-mail: thom.hinton@falkbuilt.com
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DIGITAL COMPONENT CONSTRUCTION



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

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



e-mail Kevin Phone
 
OFFICE MOVERS



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CLICK HERE to sign up for Housing Truth newsletter 



CLICK HERE to sign up for PROPERTYlines



CONTACT MARK KOLKE 
PROPERTY MANAGEMENT SERVICES



 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ please send us your 2021 events

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

+ 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 ]




 QUOTES 

+ There is a wonderful, almost mystical, law of nature that says three of the things we want most – happiness, freedom, and peace of mind – are always attained when we give them to others. Give it away to get it back. – John Wooden

+ An organization is a ‘community.’ If you look at things that way, you will make a lot of good people decisions.’ – Tom Peters




 KUDOS 

+ to The Gap; Gap Inc. donated 6 million units of apparel to the NUHCR – the UN Refugee Agency




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




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:

http://calgaryofficespace.com

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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 Mar. 9 ~ 16 / 2021 


+ Alberta COVID-19 stats: 1,949 deaths to date, 4,811 active cases of 138,788 confirmed cases to date: aggregate Alberta data – currently, 255 Albertans are in the hospital with COVID-19, and 42 of those are in intensive care units; 3,536,280 tests have been administered to Albertans to date.

+ Alberta COVID-19 vaccinations for most vulnerable in long-term care and staff is completed; Alberta conditions with new levels of vaccinations as of Feb. 19 and on Feb. 24 – report/press conference with Premier Kenney

+ Alberta COVID-19 restrictions effective – NOW, a FULL Step 2 re-opening now in effect

+ Alberta Innovates competitions; $5.0 million to be awarded for Phase II Carbon Fibre Grand Challenges – creating carbon fibre from Bitumen

+ Alberta – Bill 52, the RECALL ACT introduced in the legislature – in passed, Albertans will have a means to recall/de-select their MLAs, municipal officials and school trustees;

+ ABTraceTogether – get the APP

+ Altus Group Ltd. agreed to acquire FinanceActive SAS/SaaS for $150.0 million

+ Artis REIT published its transformation plan

+ Bank of Canada held its benchmark policy interest rate at 0.25%

+ BSE! …. remember BSE? It’s been a long time since the bovine spongiform encephalopathy (BSE) scare rocked Alberta ranchers, impacting export markets and Alberta’s reputation in the world as a high-quality safe beef producer. Well, we’re back! The status ‘controlled-risk country’ being changed to ‘negligible-risk country’ is expected by the end of May after 13 years. By the way, the last detected case was in 2015. Way to go Canadian ranchers!

+ Canaccord Genuity Group Inc. proposed an unsolicited $367.0 million takeover of 100% of RF Capital Group Inc., which offer was rejected out of hand … tic toc

+ City of Calgary 2021 elections; 7 declared candidates running for mayor: Jeremy Farkas, Jyoti Gondek, Brad Field , Ian Chaing, Larry Heather, Zane Novak, Grace Yan and  45 candidates for council ~ and lots of other rumoured candidates exploring a run …

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude stead around US$65/bbl for WTI, US$69/bbl for Brent …

+ Enerplus Corporation closed its US$465.0 million acquisition of Bruin E&P HoldCo. LLC

+ Gain Energy Ltd. filed a Proposal under the Bankruptcy and Insolvency Act; KPMG Inc. is the proposed trustee

+ geoLOGIC systems ltd. acquired JWN Energy (publisher of Daily Oil Bulletin); terms not disclosed

+ GFL Environmental Inc. agreed to acquire Terrapure Environmental Ltd. for $927.5 million

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

+ Inter Pipeline Ltd. rejected Brookfield’s unsolicited takeover bid; struck a board committee to explore alternatives

+ Just Energy Group Inc. filed for creditor protection – CCAA in Canada and Chapter 15 in the U.S.; FTI Consulting appointed monitor

+ Leucrotta Exploration Inc. agreed to sell a package of Montney assets for $30.0 million

+ New West Energy Services Inc. announced it will launch a going-private plan

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

+ Rogers Communications Inc. agreed to acquire Shaw Communications Inc. for $26.0 billion
+ rig activity in Canada

+ rig counts (active/working) – US: down 1 to 402 this week; Canada: down 25 to 116 this week; full breakdown and international rig counts

+ SECURE Energy Services Inc. and Tervita Corporation Inc. agreed to $478.0 million merger; combined entity will operate as SECURE in an all-stock transaction – combined enterprise value $2.3 billion

+ The Crossing Group acquired Trenchless Crossing Support; terms not disclosed

+ Waterous Energy Fund completed its takeover of Osum Oil Sands Corp.

+ Western Forest Products Inc. closed the sale of a non-core Orca Quarry asset package for $36.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Alaris Equity Partners Income Trust closed $9.55 million overallotment of its recent equity financing

+ AltaGas Ltd. is on the market to raise $550.0 million in sr. unsecured debt

+ ARC Resources Ltd. closed $550.0 million sr. unsecured debt financing

+ Bell Canada is on the market to raise $1.55 billion in debt securities issues

+ BrandProject LP closed $54.0 million fund raise

+ CAE Inc. closed US$287.0 million equity raise

+ Chemtrade Logistics Income Fund closed $70.0 million equity financing

+ EMERGE Commerce Ltd. closed $11.9 million equity raise by private placement warrants issue

+ encore Energy Corp. closed $15.0 million equity financing by private placement

+ Equitable Bank closed a $250.0 million unsecured debt financing

+ Ether Capital Corp. is on the market to raise $25.0 million in equity

+ Eupraxia Pharmaceuticals Inc. closed $41.0 million equity raise by IPO

+ Farmers Edge Inc. closed $18.75 million over-allotment of its recent equity financing

+ Flow Water Inc. closed $90.0 million is equity financings

+ INEO Tech Corp. closed $7.0 million equity financing

+ Keyera Corp. closed a $350.0 million sub. debt financing

+ Leucrotta Exploration Inc. is on the market to raise $20.0 million in flow-through units by private placement

+ Nabati Foods Inc. closed $7.7 million equity raise

+ NexGen Energy Ltd. closed $150.0 million equity financing

+ Parkland Corporation is on the market to raise $600.0 million in sr. unsecured debt by private placement

+ PetroFrontier Corp. closed $2.0 million equity raise and credit facility

+ PlantX Life Inc. is on the market to raise $10.0 million in equity

+ PRO REIT is on the market to raise $50.0 million in equity by private placement

+ Sasol Limited is on the market to raise US$1.5 billion in debt

+ QuadReal Property Group closed $400.0 million green bond sr. unsecured debt financing

+ Titanium Transportation Group Inc. is on the market to raise $25.0 million in equity

+ Xenon Pharmaceuticals Inc. closed $115.0 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 …




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 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




 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Construction Canada published its new e-book on waterproofing

+ Lite Access Technologies Inc. closed its acquisition of AMEC Cutting & Coring Limited; terms not disclosed

+ VIA Rail Ottawa station earned LEED Gold

+ West Fraser Road rebuild underway …




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ CIBC published its 2020 Sustainability Report


 INTERESTING TRENDS IN RETAIL ... 


+ Walmart Canada announced it intends to spend $500.0 million to upgrade stores; six are slated to close, two of them in Alberta; due to surge in online sales, they will convert two stores (one in Kitchener, one in Calgary - Northland) to supercentres. Stores being closed in Alberta: Edmonton, Abbotsfield, Calgary, Deer Valley

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




 INTERESTING TRENDS IN REITs + TRUSTS 


+ Artis REIT published its transformation plan

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


© 1999-2022 published by MaxComm Communications a unit of PLANDflex Corporation

FACILITYCalgary newsletters may not be reproduced, distributed, transmitted, displayed, published or broadcast, directly or indirectly, in any medium without prior written permission. All rights reserved. PLANDflex Corporation - http://plandflex.com