FACILITYCalgary

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

FACILITYCalgary May 6/25

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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 

+ Andrew Elinesky to CFO @ Sylight Health Group Inc.

+ Benjamin Murray to Pres. & CEO @ Skyservice Business Aviation Inc.

+ Blake Corbet to VP Corporate Dev. @ BBTV Holdings Inc.

+ Brad Barros to Service Mgr. @ Central Air Equipment Group of Companies

+ Brittany Tobias to Mgr., Product Business Delivery @ Alberta Energy Regulator

+ Calin Rovinescu to Sr. Advisor @ Teneo

+ Chet Reynolds to VP Strategy & Public Affairs @ Calgary TELUS Convention Centre

+ Christian Trudeau to Chairman @ ATW Tech Inc.

+ Don Barrineau to Division Pres. @ Mattamy Homes

+ Fredericka Campbell to Sr. Property Manager @ Triovest

+ Garth Braun to Strategic Advisor @ Peterson Capital

+ Geoffrey Morphy to Trustee @ R&R REIT

+ Irene Au to Director of Leasing @ QuadReal Property Group

+ Ivan Bernardo, QC, joined Miller Thomson

+ James Bond, QC, to Sr. VP, Chief Legal & Governance Officer @ Wawanesa Insurance

+ Jason Ding to CFO @ Pontus Protein Inc.

+ John Graham to CEO @ CPP Investment Board

+ Joseph Beesack to Sr. VP, Head of Analytics for Complex Risk Solutions Group @ NFP Canada

+ Joseph Leung to Mgr. Client Technical Support @ Benevity

+ Kelsey Armstrong to Partner @ Osler, Hoskin & Harcourt LLP

+ Kevin Phelps to Director @ AREV Nano Tec Brands Inc.

+ Klaas Deemter to Interim CFO @ Trican Well Service Ltd.

+ Louise Dermott to Trustee @ R&R REIT

+ Manjit Singh to CFO @ Sun Life Financial Inc.

+ Mark Huizinga to Data Science Projects/Portfolio Mgr. @ Canada Energy Regulator

+ Mark Machin, Pres. & CEO @ CPP Investment Board resigned in disgrace

+ Mark Nawacki to Chairman @ Kane Biotech Inc.

+ Mary Chronopoulos, CFO @ Énergir, left the company

+ Melissa Moffitt to VP, Federal Services @ Govan Brown & Associates

+ Michael McClure, CEO @ SmarStop Self Storage REIT, retiring

+ Michel Rodrique to Pres. & CEO @ Mental Health Commission of Canada

+ Rob Rowan to Gen. Mgr., Calgary and Winnipeg @ William F. White International Inc.

+ Sophie Langlois to Director @ Loop Energy Inc.

+ Tashia Batstone to Pres. & CEO @ FP Canada

+ Thomas Alford to Chairman @ Trican Well Services Ltd.

+ Violet Konkle to Director @ GFL Environmental Inc.

+ William Tilleman, Justice @ Court of Queen’s Bench of Alberta, retired

~

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 

+ Chris Thompson; VP Retail @ CBRE; 62

+ Janice Sarich, former MLA, Edmonton Decore; 62




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ digital jobs top the list of work on the rise for 2021 – a world survey

+ how to create the inclusive workplace

+ on-demand talent – are gig workers the future of finance?




 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

+ Mar. 12; Sun Life Financial Inc., Annual Meeting of Common Shareholders, virtual-only

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

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

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

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

~

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




 SHAREHOLDER MEETINGS

+ Mar. 4; 14th OPE and non-OPEC (OPEC+) Ministerial Meeting

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

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

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

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

+ 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 ]




 KUDOS 

+ to Alberta Securities Commission, starting a #takesometime campaign to educate young Albertans to avoid being victims of fraud

+ to Leftovers Foundation of Calgary – distributing food to agencies in need; 360 cases of bananas

+ to PSAC, their 27th Annual STARS and Spurs Gala raised $450,000

+ to WestJet, celebrating its 25th anniversary – check out the video




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 THIS WEEK'S HEADLINES


IN THIS ISSUE: Alberta COVID stats | Alberta re-opening ‘Step2-lite’ | crude hovers cautiously around US$60/bbl | GOA budget - $18 billion deficit | deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

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

e-mail CalgaryRentals@rohitgroup.com
 
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e-mail Kevin Phone
 
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EXECUTIVE COACHING



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 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 ]




 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Canada Green Building Council Submission to the Trudeau government – pre-budget consultations

+ St. Albert public works building rooftop solar array will offset 38% of annual power costs

+ The Town of Banff is converting wood waste to energy




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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 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 Feb. 23 ~ Mar. 2 / 2021 


+ Alberta COVID-19 stats: 1,888 deaths to date, 4,674 active cases of 133,795 confirmed cases to date: aggregate Alberta data – currently, 257 Albertans are in the hospital with COVID-19, and 48 of those are in intensive care units – 3,418,308 tests have been administered to Albertans so far – concerns being raised by medical officials and Premier Kenny that fast-spreading variants of the virus may impact return to normal …

+ 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 – more easing of restrictions starting Feb. 8th – stages for further relaxing the lock-downs of business and recreational activity in Alberta is tied to benchmark drops tied to hospitalization levels – Step 1 ~ schools, restaurants/pubs/cafes, sports activities allowed stages resumption of operations  ~ Step 2* ~ or, Step2-lite, some further relaxations effective March 1st

+ ABTraceTogether – get the APP

+ Advantage Oil & Gas Ltd. announced its 2021CapEx Budget is $115.0 million

+ Calgary City Council approved $43.0 million expenditure for business support and put a cap on tax hikes

+ Calima Energy Limited merging with Blackspur Oil Corp.

+ CER (Canadian Energy Regulator) reports crude-by-rail exports are rebounding

+ City of Calgary 2021 elections; 7 declared, so far, candidates running for mayor: Jeremy Farkas, Jyoti Gondek, Brad Field  , Ian Chaing, Larry Heather, Zane Novak , Grace Yan and  38 candidates for council ~ and lots of other rumoured candidates exploring a run …

+ Fiera Capital Corporation closed its sale of Bel Air Investment Advisors to Hightower Advisors; terms not disclosed

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices softened as Texas production recovers and concerns of OPEC+ production increases when they meet this week is concerning traders …

+ GOA – Budget speech 2021 delivered in the legislature predicting $18.0 billion deficit; PSAC comments,

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

+ NuVista Energy Ltd. divested a portfolio of non-core Wembley area assets for $94.0 million

+ Parkland Corporation agreed to acquire Conrad & Bischof; terms not disclosed

+ Peloton agreed to acquire Cevian Technologies; terms not disclosed

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

+ race over to Rosebud: Badlands Motor Sports - $500.0 million racetrack plan underway in the face of NIMBY issues … tic toc

+ rig activity in Canada

+ rig counts (active/working) – US: up 5 t0 402 this week; Canada: down 9 to 163 this week; full breakdown and international rig counts

+ TC Energy and TC Pipelines LP got unitholder approval for their merger

+ Whitecap Resources Inc. announced its 2021CapEx Budget is $280.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Ballard Power Systems Inc. closed US$550.19 million equity financing

+ Choice Consolidation Corp. closed US$172.5 million equity financing by IPO

+ Cineplex Inc. closed $250.0 million sr. secured debt financing by private placement

+ Distinction Energy Corp. closed $3.98 million equity financing warrants issue by private placement

+ Dye & Durham Limited closed $500.0 million equity financing and $45.0 million overallotment

+ Engine Media Holdings Inc. closed $15.0 million equity financing by private placement

+ Eguana Technologies Inc. closed $20.0 million in equity by private placement of warrants issue

+ Farmers Edge Inc. is on the market to raise $125.0 million in equity by IPO

+ Fortress Technologies Inc. is on the market to raise $7.6 million

+ Hydro-Québec closed $500.0 million debt financing

+ Killi Ltd. is on the market to raise $3.0 million in equity

+ Lite Access Technologies Inc. closed $1.26 million equity raise by private placement

+ Loop Energy Inc. closed $100.0 million equity raise by IPO

+ Martello Technologies Group Inc. is on the market to raise $5.0 million in equity

+ mdf commerce inc. is on the market to raise $80.0 million in equity

+ Medexus Pharmaceuticals Inc. closed $32.5 million equity raise

+ MediPharm Labs Corp. is on the market to raise $20.0 million in equity

+ NFI Group Inc. closed $250.0 million equity financing

+ NorthWest Healthcare Properties REIT closed $215.3 million equity financing

+ OpSens Inc. closed $28.75 million equity financing

+ Outcast Foods closed $10.0 million in debt and equity financing round

+ Parkit Enterprise Inc. is on the market to raise $40.0 million in equity by private placement

+ Polaris Infrastructure Inc. closed $51.0 million equity financing

+ Shopify Inc. raised US$1.55 billion in equity

+ Tetra Bio-Pharma Inc. is on the market to raise $12.54 million in equity

+ TRADE X secured US$50.0 million credit facility

+ VM Hotel Acquisition Corp. closed a US$100.0 million equity raise by IPO

+ XTM Inc. is on the market to raise $1.0 million in equity by private placement

~

*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  


+ all-wood football stadium in Gloucestershire, England

+ B.C.’s Site C Dam budget jumped to $16.0 billion, project completion now delayed to 2025

+ Frank Gehry’s revised design of supertall Toronto towers




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ CAP REIT released its 2020 ESG Report ~ and though their press release says the report is on their website, they’ve hidden it.  I defy any ordinary person to find it – and I know I searched their website for the report for a half-hour before I gave up

+ Secure Energy Services Inc. published its 2020 Sustainability Report




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ at Edmonton International Airport, a $36.0 million cargo-area expansion was completed

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




 QUOTES 

+ There is only one way to avoid criticism: do nothing, say nothing, and be nothing. - Aristotle

+ Innovation comes from the producer – not from the customer. – W. Edwards Deming


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