FACILITYCalgary

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FACILITYCalgary May 13/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Adam Grogan to COO @ Maple Leaf Foods

+ Allen Gransch to Pres. & CEO @ SECURE Energy Services Inc.

+ Brittany Tobias to Chief of Staff @ Alberta Energy Regulator

+ Carl Sparks to Director @ Waste Connections Ltd.

+ Chris Macleod to Co-founder @ Credsnow

+ Dainelle Supkis Cheek to VP, Head of Analytics and AI @ Caseware International Inc.

+ Denis Krude toPres. & CEO @ Hydrogen Optimized Inc.

+ Gaby Bourbara to Pres. @ AstraZeneca Canada Inc.

+ Jake Lawrence to Exec. VP & CFO @ Power Corporation

+ Ken Thomson to CEO @ Montfort Capital

+ Marie-Claude Brandys to Managing Dir. @ 3M Canada

+ Patrick Maguire to CFO @ Banxa Holdings Inc.

+ Pauline Alimchandani to CFO @ Great Canadian Entertainment

+ Pierre Lacombe to Sr. VP, Strategic Development @ CIMA+

+ Rob Sutherland to Managing Director, Head of Real Estate/Equity Capital Markets @ Raymond James Ltd.

+ Robert Huizinga to Director and Executive Chair @ Kane Biotech Inc.

+ Yung Wu to Director @ MDA Ltd.

~ 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 

+ Anne Calverly; retired and widely celebrated energy tax lawyer, 72

+ Brian Mulroney; 18th Prime Minister of Canada – one of our best; 84

+ Roman Wozniak; engineer and co-founder of ISL Engineering, 85




 
 SAVE THE DATE / upcoming events

+ Apr. 2-3; Petrochem Canada|West, Westin Airport, Calgary; info/agenda/registration

+ Apr. 16; Government of Canada – Federal Government Budget; Ottawa

+ Apr. 16-17; Innovate West, Vancouver Convention Centre; info/book – save the date

+ Apr. 23-25; 2024 Canadian Hydrogen Convention, Edmonton Convention Centre - register

+ Apr. 20; Classroom Champions – Champion Chats Luncheon, Hyatt Regency, Calgary; sponsors/tickets

+ May 1; Business Transitions Forum – Alberta: Hyatt Regency, Calgary; info; program / register

+ May 3; Little Warriors Be Brave Luncheon – Calgary; sponsorships - tickets

+ May. 8-9; Retail Supply Chain and Logistics Expo, Las Vegas Convention Centre

+ May 14-15, Canada’s Net-Zero Forum 2024, The Transition Accelerator, keynote speakers;  save the date/register

+ May 23; 2023 CEO of the Year Gala, TELUS Convention Centre, Calgary; tickets

+ May 31 – June 2; Inventures Conference; Telus Convention Centre, Calgary; info / register

+ June 10 – 12’ NeoCon, Design Takes Shape @ THE MART, Chicago - register

+ June 11-13; Global Energy Show Canada, Energy Powering Opportunity, BMO Centre, Calgary; register

+ June 18-19; Petrochem Canada Conference and Expo 2024, Sarnia, On; call for presentations

+ Sept. 23- 25; BOMEX 2024, hosted by BOMA Vancouver – save the date

+ Sept. 24-26; International Pipeline Expo 2024, Telus Convention Centre, Calgary

+ Sept. 25-27; CREW Network (Commercial Real Estate Women), 2024 Annual Convention, Vancouver – save the date

+ Oct. 20-24; Greenhouse Gas Control Technologies Conference (GHGT), Telus Convention Centre, Calgary – save the date

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




 
 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ June 24; Rotary 28th Annual Stay-In-School Charity Golf Classic, Glencoe G&C Club, Calgary; register

+ Sept. 4; 8th Annual Little Warriors Golf Tournament, The Quarry Golf Course – Edmonton; registration/donations/sponsors

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




 
 CORPORATE RESPONSIBILITY + ESG REPORTS 

+ EllisDon published it’s 2023 Impact Report




 
 REITs + TRUST NEWS 

+ First Capital REIT closed a $300.0 million sr. unsecured debt financing

+ REITrag covers activity and announcements on the activity of real estate investment trusts - REITs: - sign up at: https://markkolke.substack.com/s/reit-rag




 
 MULTI-RES DEVELOPMENT NEWS 

+ CNIB Foundation is planning a JV development in Bridgeland on a site it leases from the City of Calgary; project will provide below-market rental housing for blind and visually impaired Calgarians


FACILITYCalgary (in our 25th year!) is published by MaxComm Communications/Waterglass Press, units of PLANDflex Corporation, all rights reserved.© 1999 - 2024  

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 KUDOS 

+ to Mike Rose, Chair, Pres. & CEO @ Tourmaline Oil Corp. - named Canada’s Outstanding CEO of the Year




CONTACT MARK KOLKE 
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 THIS WEEK - NEWS SUMMARY 

 February 28 ~ March 4, 2024 


 

+ Advantage Energy Ltd. announced its 2024CapExBudget is $220.0 million

+ AVAC Group changed it’s name to Verdex Capital

+ Bonterra Energy Corp. closed its acquisition of Charlie Lake asset for $24.1 million

+ CNIB Foundation is planning a JV development in Bridgeland on a site it leases from the City of Calgary; project will provide below-market rental housing for blind and visually impaired Calgarians

+ Concert Income Properties acquired Rocky View Business Park (536,931 sq. ft.) from Morguard/Versus Partners; terms not dislosed

+ current energy prices; live links to Bloomberg energy prices / OilPrice.com; WTI @ US$78/bbl, Brent @ US$82/bbl; Saudi, Russia and some OPEC+ members holding on their supply cuts until June

+ Eau Claire Market shopping centre will close May 31; the property will be demolished to make way for the Green Line LRT

+ FACILITYCalgary, a sponsor-supported FREE weekly newsletter; ‘send time’ is early every Tuesday

+ Fire Season: Alberta’s ‘fire season’ has started – 100 more firefighting staff added ~ 54 active wildfires still burning from 2023 – adding new technolgies ...

+ Government of Alberta: budget speech drawing lots of fire – absence of ‘campaign promised tax cut’, questionable projections on resource revenue/oil prices being questioned, revenue/surplus projections, Heritage fund commitments and allowances for wildfires are all being challenged … tik toc ~ we’ll see

+ MONDAY MORNING MINUTE - a weekly inspiration message and a selected quote in your inbox weekly; check out the new format; click here to sign up ;  click here for this week’s posting

+ nGrain Canada Corporation placed in receivership; EY is receiver

+ Prairie Provident Resources closed the $22.5 million sale of its Evi assets

+ REITrag – is a curated news publication real estate investment trusts; all Canadian REITs and adding American and European listings; available by subscription; sign-up form

+ rig activity in Canada, courtesy of BOE Report

+ rig counts/utilization (active/working) – US: up three to 628 this week; Canada: holding at 231 this week

+ TC Energy Corporation agreed to sell its Portland Natural Gas Transmission System for US$1.14 billion

+ The Body Shop Canada Ltd. has filed for reorganization and bankruptcy creditor protection; they will close 33 of its 105 stores in Canada; A&M is the proposal trustee

+ Whitecap Resources Inc. announced its 2024CapExBudget is $900.0 million




 
THIS WEEK IN FINANCINGS 
- proposed & closed

+ Cielo Waste Solutions Corp. is on the market to raise $5.0 million in convertible debt

+ Cineplex Inc. closed a $575.0 million sr. secured debt financing by private placement

+ First Capital REIT closed a $300.0 million sr. unsecured debt financing

+ Kuber Mortgage Investment Corporation secured an $80.0 million credit facility

+ Loblaw Companies Limited closed a $400.0 million sr. unsecured debt financing

+ Montfort Capital Corp. secured a $50.0 million credit facility

+ Petro Victory Energy Corp. closed a US$2.7 million equity raise by private placement




 
 CONSTRUCTION - BUILDING SERVICES NEWS 

+ Alberta 2024 budget speech proposes $2.1 budget over three years for new builds and upgrading projects: for new schools; some for actual new builds, some for design funding, some for planning funding




 
 SHAREHOLDER MEETINGS

+ Mar. 8; Neighbourly Pharmacy Inc., Special Meeting of Shareholders, Toronto

+ Mar. 12; Ceapro Inc., Special Meeting of Securityholders, Edmonton

+ Mar. 12; Aeterna Zentaris Inc., Special Meeting of Shareholders, Toronto

+ Mar. 13; Transcontinental Inc., Annual General Meeting of Shareholders, Montreal

+ Mar. 28; Parkland Corporation, Annual General Meeting of Shareholders, Calgary [ concerns about scheduling from Simpson Oil are noteworthy ]

+ Apr. 3; IBEX Technologies Inc., Annual and Special Meeting of Shareholders, Montreal

+ Apr. 11; Cargojet Inc., Annual General Meeting, Mississauga

+ Apr. 26; SECURE Energy Services Inc., Annual General Meeting of Shareholders, Calgary

+ May 2; Topaz Energy Corp., Annual Shareholder Meeting, Calgary

+ May 16; Precision Drilling Corporation, Annual and Special Meeting of Shareholders, Calgary

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




 
 RETAIL REAL ESTATE NEWS 

+ Eau Claire Market shopping centre will close May 31; the property will be demolished to make way for the Green Line LRT

+ The Body Shop Canada Ltd. has filed for reorganization and bankruptcy creditor protection; they will close 33 of its 105 stores in Canada – reporting indicates the parent UK company bled off cash, leaving Canadian sub. unable to manage it’s debt




 
 INDUSTRIAL + LOGISTICS REAL ESTATE NEWS 

+ Concert Income Properties acquired Rocky View Business Park (536,931 sq. ft.) from Morguard/Versus Partners; terms not dislosed


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this site last updated May 13, 2025