FACILITYCalgary

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

FACILITYCalgary May 6/25

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CONVERSATIONS

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



SHAKERS AND MOVERS 
appointments and disappointments 

+ Adam Elliott to Pres. & CEO @ IA Clarington Investments Inc.

+ Amber Ruddy to Assoc. VP, Western Canada @ Counsel Public Affairs Inc.

+ Andrew Gibbons to VP, Government Relations & Regulatory Affairs @ WestJet

+ Angela Santiago to Director @ Bond Bakery Brands Limited

+ Bruce Cousins to Pres. & CFO @ Eupraxia Pharmaceuticals Inc.

+ Churyl Elgart to Partner, Real Estate Group @ Osler

+ Cliff Stevenson to Chair @ Canadian Real Estate Association

+ Cyrus Reporter to VP, Government and Regulatory Affairs @ Canadian National Railway Company

+ Dr. Linda ManyGuns to Associate VP of Indigenization and Decolonization @ Mount Royal University

+ Else Murphy to Strategic Account Mgr. @ Quorum Software

+ Greg Marshall to Pres. @ H2Safety Services Inc.

+ Isabelle Hudon to Pres. & CEO @ Business Development Bank of Canada

+ Jerilyn Dressler, Exec. Director @ Distress Centre Calgary, stepping down

+ John Boynton to Vice Chair @ NordStar Capital

+ Justine Croft to Director of People, Training and Culture @ Impetus Digital

+ Kyle Gee to Sr. Project Mgr. @ Stantec

+ Larissa Svelka to Counsel @ Fasken

+ Lorenzo DeMarchi to CEO @ Torstar

+ Mary Lou Maher to Director @ CAE Inc.

+ Mathieu Lepage to CFO @ Énergir Inc.

+ Murray Sinclair to Chancellor @ Queen’s University

+ Rebecca Duquette to Project Coordinator, Service Delivery @ Shaw Communications

+ Sandra Duff to Pres. @ Jackman

+ Stephanie Bowman to Director @ The Empire Life Insurance Company

+ Stewart Schaefer to Pres. @ Sleep Country Canada

+ Tashia Batstone to Pres. & CEO @ FP Canada

+ Yaniv Bitton to VP, Head of Investor Relations & Capital Markets @ Sun Life Financial 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 

+ Byron (BJ) Seaman; oil man, philanthropist, sports patron, original co-owner of Calgary Flames; 97

+ Stan Milner; Edmonton philanthropist, founder of Chieftain International, corporate director, Order of Canada recipient; 91

+ Thomas Berger, QC; indigenous rights lawyer, retired judge, politician, Order of Canada recipient; 88




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ drivers of employee engagement – pushing the right buttons

+ tips to being a workplace ally

+ when it comes to burnout concerns, 47% of employers care – so what about the 53% who don’t?




 BOARD + COMMUNITY VOLUNTEER OPPORTUNITIES 

+ THIRD ACTion Film Festival, is seeking volunteers – get in on the action, great films and a fascinating volunteer experience – info/apply

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




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 SHAREHOLDER MEETINGS

+ May 4; Calfrac Well Services Ltd., Annual Meeting of Shareholders, virtual-only

+ May 4; Suncor Energy Inc., Annual Meeting, virtual-only

+ May 4; The Equitable Life Insurance Company of Canada, Annual Meeting, virtual-only

+ May 4; TransAlta Corporation, Annual and Special Meeting of Shareholders, virtual-only

+ May 5; Boralex Inc., Annual Meeting of Shareholder, virtual-only

+ May 5; Enbridge Inc., Annual Meeting of Shareholders, virtual-only

+ May 5; Maple Leaf Foods Inc., Annual Meeting of Shareholders, virtual-only

+ May 5; Sun Life Financial Inc., Annual Meetings of Shareholders and Policy Holders, virtual-only

+ May 6; Canada Life Assurance Company, Annual Meeting of Shareholders and Policyholders, virtual-only

+ May 6; Cascades Inc., Annual General Meeting of Shareholders, virtual-only

+ May 6; Crombie REIT, Annual General and Special Meeting of Unitholders, virtual-only

+ May 6; Great-West Lifeco and Canada Life, Annual Meetings, virtual-only

+ May 6; iA Financial Group, Annual Meeting of Shareholder and Participating Policy Holders, virtual-only

+ May 6; Manulife Financial Corporation and Manufacturers Life Insurance Company, Annual Meetings, virtual-only

+ May 6; PFB Corporation, Annual General Meeting, Calgary, in-person and virtual

+ May 6; Taiga Building Products Ltd., Annual General Meeting of Shareholders, virtual-only

+ May 6; Tervita Corporation, Annual and Special Meeting, virtual-only

+ 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 7; Ensign Energy Services Inc., Annual General and Special Shareholder Meeting, virtual-only

+ May 7; Oncolytics Biotech Inc., Annual General Meeting, virtual-only

+ May 7; Pembina Pipeline Corporation, Annual Meeting of Common Shareholders, virtual-only

+ May 7; Recipe Unlimited Corp., Annual General Meeting of Shareholders, virtual-only

+ May 7; TC Energy Corporation, Annual Meeting of Common Shareholders, virtual-only

+ May 27; VIA Rail Canada, Annual Public Meeting, virtual-only

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

+ May 11; Bridgemarq Real Estate Services Inc., virtual-only

+ May 11; Innergex Renewable Energy Inc., Annual General Meeting, virtual-only

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

+ May 11; MCAN Mortgage Corporation, Annual and Special Meeting, virtual-only

+ May 12; Crown Capital Partners Inc., Annual and Special Meeting of Shareholders, virtual-only

+ May 12; Equitable Group, Annual and Special Meeting of Shareholders, virtual-only

+ May 12; Ivari, Annual General Meeting, virtual-only

+ May 13; Canadian Tire Corporation, Annual Meeting of Shareholders, virtual-only

+ May 13; Peyto Exploration & Development Corp., virtual-only

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

+ May 13; 5N Plus Inc., Annual General Meeting of Shareholders, virtual-only

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

+ May 14; SNC-Lavalin Group Inc., Annual Meeting of Shareholders, virtual-only

+ May 18; Morien Resources Corp., Annual Meeting of Shareholders, virtual-only

+ May 19; Cineplex Inc., Annual Meeting of Shareholders, virtual-only

+ May 19; Pine Cliff Energy Ltd., Annual and Special Meeting of Shareholders, virtual-only

+ May 20; Shaw Communications Inc., Special Meeting of Shareholders, virtual-only

+ May 20; Crescent Point Energy Corp., Annual General Meeting, virtual-only

+ May 21; Resolute Forest Products Inc., Annual Meeting of Stockholders, virtual-only

+ May 25; ViveRE Communities Inc., Annual and Special Meeting of Shareholders, virtual-only

+ May 26; RF Capital Group Inc., Annual Shareholder Meeting, virtual-only

+ May 27; Jamieson Wellness Inc., Annual and Special Meeting of Shareholders, virtual-only

+ June 1; McCoy Gobal Inc., Annual Meeting of Shareholders, virtual-only

+ June 3; BRP Inc., Annual General Meeting, virtual-only

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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




  CLIMATE CHANGES + LEED + RENEWABLE ENERGY 

+ Blindman Brewing in pilot project to reduce greenhouse gas emissions

+ Enbridge Inc. is partnering with Walker Industries and Comcor Environmental to develop renewable natural gas from landfill waste

+ Spring Creek Mountain Village in Canmore got a Built Green Canada ‘Built Green Community’ award




 KUDOS 

+ to Ruth and Don Taylor and the Taylor Family Foundation, for donating $15.0 million to Mount Royal University, which together with $50.0 million from Government of Alberta will fund a project to transform empty and old spaces into new learning environments

+ to Barbara Palmer – she donated $3.0 million to the Alberta Ballet Foundation




 THIS WEEK'S HEADLINES


IN THIS ISSUE: ALBERTA COVID-stats; new restrictions coming TODAY! + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

e-mail Kevin Phone
 
OFFICE MOVERS



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EXECUTIVE COACHING



RETAINED EXECUTIVE SEARCH - For more information, click here.



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OUR SERVICES



Visit: https://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 

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PROPERTY MANAGEMENT SERVICES



 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

Please send us your events:

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

Aug. 12; Glenn Anderson Day of Golf, in support of the Cross Cancer Institute, Derrick Golf & Winter Club, Edmonton – info/sponsor/save the date

+ Aug. 24; Alberta Cancer Foundation Golf Classic, Country Hills Golf Club; info/register

+ 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 ]




 SAVE THE DATE / upcoming events

+ May 1-31; Albertans Helping Albertans Virtual 5K run/Alberta Cancer Foundation; raising funds for the Tom Baker Cancer Centre – individuals and teams; 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; registration now open

+ 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 11-13 – THIRDACTion Film Festival: Projecting Possibilities; save the date / 2021 films

+ June 20; Oil & Gas Tech Summit 2021; virtual – register here

+ June 11-13; THIRDACTion Film Festival – Patricia Whalen Theatre, in-person & online - Calgary Downtown Library, and VIRTUAL; tickets/passes go on sale April 12th; SAVE THE DATES/get on the mailing list – and check out the 2020 Films

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

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

+ Aug. 28; Enbridge Tour Alberta for Cancer; sign up for free, no minimums – cycle from anywhere and any distance – pedal for progress; info/register

+ 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 ]




 QUOTES 

+ Decency must not be sacrificed in tough times. Decency is more important than ever in tough times. – Tom Peters

+ Play by the rules, but be ferocious. – Phil Knight




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

http://facilitycalgary.com

http://markmusing.com




 weekly newsletter

Est. July, 1999

~
Mark Kolke, Publisher

NEWS SUMMARY 
 Apr. 27 ~ May 4 / 2021 


+ Alberta COVID-19 stats: 2,090 deaths to date, 23,608 active cases of 196,910 confirmed cases to date: aggregate Alberta data – currently, 658 Albertans are in the hospital with COVID-19, and 154 of those are in intensive care units; 4,208,791 tests have been administered to 2,052,795 Albertans to date

+ Alberta COVID-19 restrictions remain in effect; Alberta’s COVID-19 cases per capita is the highest in Canada and the United States at this time; experts are calling for another full-shutdown; Premier Kenny promises a ‘package of stricter restrictions’  to be announced May 4th

+ Alberta Vaccine program – now finishing Phase 2

+ABTraceTogether – get the APP

+ AVAC Group launched Carrot Ventures, an ag-centric venture capital fund

+ Big Rock Brewery Inc. sold its Etobicoke brewery leasehold interest and some equipment for $2.1 million

+ Bridging Finance Inc. placed in receivership; Pwc is the receiver/manager – the Ontario Securities Commission is investigating … tic toc

+ Calgary Economic Development EDGE UP program; $5.4 million in funding for tech training for displaced oil & gas professionals

+ Calgary Guidebook to Great Communities is getting plenty of pushback; 131 page document now has 62 proposed amendments to look at … public hearing coming on May 5th

+ Canadian Pacific’s merger with Kansas City Southern is far from over; fending of Canadian National’s competing higher bid and adding to their argument … tic toc

+ City of Calgary 2021 elections; now there are 13 declared candidates running for mayor: Ian Chaing, Jeremy Farkas, Brad Field , Jyoti Gondek, Larry Heather, Dean Hopkins, Kevin Johnston, Zane Novak,Teddy Ogbonna, Sunny Singh, Shaoli Wang,  Grace Yan, Zac Hartley and  60 candidates so far have filed nomination papers for 14 Ward seats on council

+ Coalspur Mines (Operations) Ltd. filed for CCAA creditor protection

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude up week-over-week as demand outweighs India concerns – WTI/US$64/bbl

+ Distinction Energy Corp. and Kiwetinohk Resources Corp. closed their $335.0 million asset acquisition

+ Enerplus Corporation closed its US$312.0 million acquisition of Williston Basin assets from Hess Corporation

+ Government of Alberta – spring sitting of the legislature has been paused for two weeks due to COVID case surge; opposition calling-out the premier for

+ ground-breaking news – Calgary’s BMO Centre’s $500.0 million doubling project put the shovel in the ground

+ GYMVMT filing for bankruptcy; will close some gyms in Edmonton and Calgary – reported to be in a pending deal to sell to an investor who will re-open a downsized company … tic toc

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

+ International Fitness Holdings Inc., International Fitness Holdings LP and World Health North LP filed a Notice of Intention to Make a Proposal – under the Bankruptcy and Insolvency Act; KPMG Inc. is trustee

+ Mullen Group Ltd. closed its acquisition of International Warehousing & Distribution Inc.

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

+ rig activity in Canada

+ rig counts (active/working) – US: up 2 to 44 this week; Canada: down 4 to 51 this week; full breakdown and international rig counts

+ Sanling Energy Ltd. placed in receivership; PwC is the receiver

+ Tamarack Valley Energy Ltd. got shareholder approval for its takeover of Anegada Oil Corp.

+ TD Bank Group completed its acquisition of Wells Fargo’s Canadian Direct Equipment Finance business unit

+ Topaz Energy Corp. acquired a portfolio of Reserve Royalty assets for $26.0 million

+ Transat A. T. Inc. secured a $700.0 million bailout package from the Government of Canada

+ Waterous Energy Fund and Osum Oil Sands Corp. got shareholder approval for their amalgamation




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Acerus Pharmaceuticals Corporation closed US$15.0 million secured debt facility

+ Alpha-9 Theranostics Inc. closed $11.0 million equity raise

+ BTB REIT closed $31.6 million equity financing

+ CanWel Building Materials Group Ltd is on the market to raise $325.0 million in sr. unsecured debt

+ Enerplus Corporation secured US$900.0 million sr. unsecured credit facility

+ eStruxture Data Centers Inc. secured $600.0 million equity raise

+ K.B. Recycling Industries Ltd. is on the market to raise $1.2 million in equity by private placement

+ Kinetyx Sciences Inc. secured US$3.1 million financing

+ Kneat.com Inc. closed $20.126 million equity financing

+ Kneat.com Inc. closed $2.0 million equity financing by private placement

+ Magnet Forensics Inc. closed $115.0 million equity financing by IPO

+ Marwest Apartment REIT closed $1.0 million equity raise by private placement

+ Microbix Biosystems Inc. is on the market to raise $6.0 million in equity

+ Next Hydrogen Corporation and Bio-Hep Technologies closed $55.545 million equity financing by private placement

+ Northland Power Inc. closed $990.0 million equity financing

+ ROK Resources Inc. closed its portfolio acquisition for $3.5 million in a cash and shares deal

+ Southern Energy Corp. closed $5.5 million equity raise by private placement

+ Surge Energy Inc. is on the market to raise $20.0 million by a flow-through common share issue

+ Telesat Canada closed a US$500.0 million secured debt financing

+ Thinklific Inc. closed $160.0 million equity financing by IPO

+ Valeo Pharma Inc. closed $6.6 million equity raise by private placement

+ VOTI Detection Inc. is on the market to raise $4.275 million in equity by private placement

+ Wealthsimple Financial Corp. is on the market to raise $750.0 million in equity

*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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 CONSTRUCTION NEWS + BUILDING INNOVATIONS  


+ Calgary Guidebook to Great Communities is getting plenty of pushback; 131-page document now has 62 proposed amendments to look at … public hearing coming on May 5th

+ ground-breaking news – Calgary’s BMO Centre’s $500.0 million doubling project put the shovel in the ground

+ Spring Creek Mountain Village in Canmore got a Built Green Canada ‘Built Green Community’ award




 CORPORATE RESPONSIBILITY + ESG REPORTS 


+ ATCO Ltd. issued its 2020 Sustainability Report



 INFRASTRUCTURE + P3


+ ground-breaking news – Calgary’s BMO Centre’s $500.0 million doubling project put the shovel in the ground

+ TransAlta Corporation and Pembina Pipeline Corporation struck a 100MW power purchase agreement; the $195.0 million Garden Plain Wind Power Project near Hanna will have 130MW capacity, of which Pembina will take 100MW

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




 INTERESTING REAL ESTATE NEWS FROM OTHER PLACES 


+ in Edmonton, Imperial Equities Inc. acquired 120,000 sq. ft. /seven property deal

+ in Edmonton, Firm Capital Property Trust acquired two building/128-door project in Millwoods for $25.0 million

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




 INTERESTING TRENDS IN RETAIL ... 


+ Disney is closing all its standalone stores, including all its 18 locations in Canada

+ L.L. Bean is adding 4 more Canadian stores; coming to Deerfoot Meadows in Calgary this September

+ Wing-Stop announced plans to open 100 stores in Canada

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




 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




 this week in REITs + TRUSTS 


+ Marwest Apartment REIT completed its qualifying transaction; acquisition of 251-doors in Winnipeg

+ Nexus REIT acquired two properties (London, ON and Edmonton, AB) for $56.1 million

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


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