+ Amber Haworth to Director @ Servus Credit Union

+ Barry Perry to Director @ Capital Power

+ Blaine Fitzgerald to CFO @ Kinaxis Inc.

+ Chris Seto to CEO @ Spectral Medical Inc.

+ Cynthia Lavoie to Director @ Profound Medical Corp.

+ Daniel Marinovic to CEO & Managing Partner @ Forest Gate Financial Corporation

+ Darryl Sutter to Head Coach @ Calgary Flames

+ Denine Saldivar to Sr. Property Mgr. @ Canderel Management (West) Inc.

+ Dexter Peart to Director @ Roots Corporation

+ Frank DelZotto to CFO & Partner @ Forest Gate Financial Corporation

+ Geoff Ward, Head Coach @ Calgary Flames, fired

+ Jared Mackey to Partner @ Bennett Jones

+ Jesse Buhler to Director of Property Management @ GWL Realty Advisors

+ John Rooke to VP Operations, BC @ BentallGreenOak

+ John Rooney to Director @ Tamarack Valley Energy Ltd.

+ Jorge Blanco to Exec. VP & Chief Product Officers @ Altus Group

+ Julia Wehmeyer to CFO @ Kognitiv Corporation

+ Kashinath Bhoosnurmath to Pres. & CEO @ Operation Eyesight

+ Katherine Minyard to Director @ Ovintiv Inc.

+ Kelvin Johnston, Director @ Leucrotta Exploration Inc., resigned

+ Kim Clauss to Exec. VP, HR and Global Talent @ mCloud Technologies Corp.

+ Kristina Lengyel to Exec. VP, Customer Solutions @ OpenText Corporation

+ Lachlan MacQuarrie to Sr. VP, Real Estate Mgmt. (National) @ Epic Investment Services

+ Laura Rivers-Bowerman to Prvacy & Risk Advisor @ Suncor

+ Laura Schwinghammer to Sr. Talent Acquisition Advisor @ VMware

+ Lucas Beck to Director, Leasing, Calgary @ GWL Realty Advisors

+ Matt Edgar to Chief Technology Officer @ Slate Asset Management

+ Michael Makinson to CFO @ Osum Oil Sands Corp.

+ Mike Reeves to Pres. @ Shawcor Ltd.

+ Orlando Cabrales Segovia to CEO @ Frontera Energy Corporation

+ Phil Marleau to VP, Operations, Prairies @ BentallGreenOak

+ Qi Tang, Sr. VP & CFO @ RioCan REIT, resigned

+ Richard Monkman, CFO & VP Corporate Services @ Kinaxis Inc., retiring

+ Rob Morgan to Pres. & COO @ Osum Oil Sands Corp.

+ Romy Bowers to Pres. & CEO @ Canada Mortgage and Housing Corporation

+ Russell Zirnhelt to Exec. VP, Construction @ Ledcor Group of Companies

+ Savvas Kotsopoulos to Partner @ Osler, Hoskin & Harcourt LLP

+ Zenon Iwachiw to Sr. VP, Business Dev. @ CFO Group

~

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 ]

+ David Schindler, CM; renowned water researcher, U of A Professor of Ecology, 80

+ Jeff Burns; Pres. @ Burnswest Properties, 60

+ Ty Lund; former MLA from Rocky Mountain House and Minister of Public Works, 82

+ Walter Gretzky; Canada’s ‘everyman’ hockey dad, 82

+ empathy is more important than ever – ultimate leadership trait

+ feeling Zoom fatigue?

+ gender pay gap persists

+ top recruitment challenges

+ 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 ]

+ 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; 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. 14; Colliers International Group Inc., Annual General and Special 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; Keyera Corp., 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 ]

+ 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; 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. 14; Colliers International Group Inc., Annual General and Special 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; Keyera Corp., 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 ]

FACILITYCalgary FREE

FACILITYCalgary FREE

IN THIS ISSUE: Alberta COVID stats | Alberts STEP 2 re-opening | carbon capture AB/CA | crude prices UP! | oilsands output reductions | Waterous wins Osum bid + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes

+ geothermal start up underway with $40.0 million funding round with strong BP and Chevron support

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

+ Tough times don’t last. Tough people do. – Gregory Peck

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

+ Alberta COVID-19 stats: 1,920 deaths to date, 4,633 active cases of 136,119 confirmed cases to date: aggregate Alberta data – currently, 254 Albertans are in the hospital with COVID-19, and 36 of those are in intensive care units; 3,476,408 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

+ ABTraceTogether – get the APP

+ Canary Biofuels Inc. closed its acquisition of Invigor Bioenergy Corporation

+ Canderel Management (West) acquired Greystone Property Management

+ carbon capture initiative: Canada and Alberta have launched an initiative: Alberta–Canada Carbon Capture, Utilization and Storage (CCUS) Steering Committee; Alberta reported to be seeking $30.0 billion in support from Ottawa …

+ 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  41 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 prices up nicely – (yesterday: WTI @ US$64.90/bbl, BRENT @ US$68.24/bbl) as OPEC and its allies agreed to keep production steady through April, and Saudi Arabia extended it’s 1.0 million/bpd voluntary production cut through to April …

+ Eaglesmed Group Inc. is in receivership; Deloitte appointed receiver and manager

+ Enbridge Inc.’s Line 5 replacement project/politics heats up; best coverage of the week was Danielle Smith’s op-ed

+ Essential Energy Services Ltd. announced its 2021CapEx Budget is $5.4 million

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

+ Infosys announced an expansion (currently 10) to 500 jobs in Calgary over the next three years – to much political fanfare; best wishes to Infosys for success in Calgary …

+ Mullen Group Ltd. agreed to acquire APPS Transport Group Inc.

+ oilsands production reductions are temporary, but consistent with OPEC holding the line in support of stronger crude prices; CNRL’s Horizon upgrader off-line for 130,000 bbl/day undergoing 30 maintenance turnaround, Suncor reducing output by 130,000/bbl/day from its U2 crude upgrader, and Syncrude idling 70,000 bbl/day for maintenance

+ PetroShale Inc. negotiated a recapitalization agreement

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

+ rig activity in Canada

+ rig counts (active/working) – US: up 1 to 403 this week; Canada: down 22 to 141 this week; full breakdown and international rig counts

+ Tamarack Valley Energy Ltd. agreed to $135.3 million in asset acquisitions

+ TC Pipelines LP and TC Energy Corporation completed their merger

+ Topaz Energy Corp. agreed to acquire a portfolio of Clearwater area royalty assets to Tamarack Valley Energy Ltd. for $13.7 million

+ Vertex Resource Group Ltd. acquired MAD Oilfield Solutions; terms not disclosed

+ Waterous Energy Fund takeover bid for Osum Oil Sands Corp. gained traction and got Osum board support

+ Alaris Equity Partners Income Trust closed $85.0 million equity raise

+ Algernon Pharmaceuticals Inc. closed $2.815 million equity raise by private placement

+ ARC Resources Ltd. is on the market to raise $450.0 million in sr. unsecured debt

+ Avanti Energy Inc. is on the market to raise $5.0 million in equity by private placement

+ BMO Financial Group is on the market to raise $750.0 million in debt

+ CAE Inc. closed $700.0 million equity financing

+ CAE Inc. is on the market to raise US$250.0 million in equity

+ Canary Biofuels Inc. closed $16.5 million equity financing by private placements

+ Canary Biofuels Inc. secured $7.0 million credit facility

+ Farmers Edge Inc. closed $125.0 million equity financing by IPO

+ First Energy Metals Limited is on the market to raise $1.55 million in equity by private placement

+ Good Natured Productions closed $23.1 million equity financing

+ GreenSpace Brands Inc. is on the market to raise $3.0 million in equity by private placement

+ Keyera Corp. is on the market to raise $350.0 million in sub. debt

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

+ MediPharm Labs Corp. closed $33.35 million equity raise

+ Neo Lithium Corp. is on the market to raise $30.19 million in equity

+ Nexus REIT closed $34.9 million equity raise

+ Pollard Banknote Limited closed $34.5 million equity raise

+ Pond Technologies Holdings Inc. closed $3.5 million equity financing

+ Ratesdotca Group Ltd. closed $51.0 million equity and debt funding round by its shareholders

+ Sagen NI Canada Inc. is on the market to raise $300.0 million in sr. unsecured sub. debt

+ Spartan Delta Corp. closed $45.0 million equity raise

+ SQI Diagnostics Inc. raised $2.3 million in equity by a warrants issue

+ Suncor Energy Inc. is on the market to raise US$750.0 million in debt

+ Suncor Energy Inc. is on the market to raise $500.0 million in debt

+ Tamarack Valley Energy Ltd. is on the market to raise $68.18 million in equity

+ TC Energy Corporation closed $500.0 million sub. debt financing

+ Tetra Bio-Pharma Inc. closed $14.4 million equity raise

+ XORTX Therapeutics Inc. closed $1.0 million equity raise by a warrants issue

~

*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 …

+ Aecon and Strabag, top bidders for two Toronto transit tunnels projects

+ tallest building in B.C. interior approved for Kelowna project

+ Gibson Energy ULC expanded its Sustainability and ESG targets

+ TD Bank Group published its 2020 Environmental, Social and Governance Report

+ Alberta 2021 budget calls for $20.7billion for capital investment projects – time will tell whether announcements result in actual work … tic toc

+ Alberta ‘start’ on five priority health care projects; $143.0 million