FACILITYCalgary

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

FACILITYCalgary May 27/25

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Adrian Lang to General Counsel & Chief Privacy Officer @ Staples Canada

+ Analea Wayne to Sr. Consultant @ EY

+ Brock Duhon, Pres. US Operations @ STEP Energy Services, stepping down

+ Christine Kennedy to Pres. @ Woodfibre LNG

+ Devin Dreeshen, Minister of Agriculture and Forestry @ Governmetn of Alberta, resigned

+ Don Crichton to Head of Workplace Insights @ Relogix

+ Doug Adlam to Director, Strategic Growth @ Axiom Mortgage Solutions

+ Eamon Hurley to Partner @ Cassels Brock & Blackwell LLP

+ Ehab Samy to VP Product and Engineering @ BBTV Holdings Inc.

+ Frano Cavar to Director of Government Relations @ Calgary Construction Association

+ Gaurdie Banister to Director @ Enbridge Inc.

+ Heather Stefanson to Premier @ Government of Ontario

+ Ian Anderson to Regional Sales Mgr. @ The Master Group

+ Isabelle Turcotte to EVP Marketing & ESG @ Qscale

+ Jane Rowe to Director @ Enbridge Inc.

+ Julie Filion, Director @ Reitmans (Canada ) Limited, resigned

+ Kathryn Borgatti to Sr. VP & General Counsel @ Great Gulf Group

+ Ken Lima-Coelho to Pres. & CEO @ Big Brothers Big Sisters of Calgary & Area

+ Klaas Deemeter to CFOR @ STEP Energy Services Ltd.

+ Kyle Fawcett to Chief External Relations Officer @ Silvera for Seniors

+ Marshall Myles to Pres. @ Switch Health Inc.

+ Paola Clarke, VP & General Counsel @ Clarke Inc., left the company

+ Peter MacKay to Strategic Advisor @ ONE9

+ Robyn Ross to Director @ Odyssey Trust Company

+ Quentin Chiotti to Practice Lead, Climate Risk and Resilience @ Matrix Solutions Inc.

+ Sandra Tran to CFO @ McMaster Innovation Park

+ Shawn Stordy to CFO @ Odyssey Trust Company

+ Tim Haney to Canada CEO @ Dentons Canada LLP

+ Tim McMillan, Pres. & CEO @ Canadian Association of Petroleum Producers, stepping down

+ Tom Casey to CFO and Co-President @ Holloway Lodging Corporation

+ Tomer Cohen to VP Investments @ Clarke 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 ]

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CONVERSATIONS

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

 SHAREHOLDER MEETINGS

+ Nov. 12;  Falcon Oil & Gas Ltd., Annual General and Special Shareholder Meeting, virtual-only

+ Nov. 18;  exactEarth Ltd., Special Meeting of Shareholders, virtual-only

+ Dec. 1: ProMIS Neurosciences Inc. ; Special Meeting of  Shareholders, virtual-only

+ Dec. 8: Canadian Pacific Railway Limited, Special Meeting of Shareholders, virtual-only

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

 CLIMATE CHANGE + LEED + RENEWABLE ENERGY 

+ Pattern Energy Group LP started construction of its 150MW Lanfine Wind power project SW of Oyen in Special Area 3; to be operational by end of 2022

  GLOSSARY + ABBREVIATIONS + ACRONYMS 
CLICK HERE FOR FULL GLOSSARY  



 INFRASTRUCTURE + P3 

+ Pattern Energy Group LP started construction of its 150MW Lanfine Wind power project SW of Oyen in Special Area 3; to be operational by end of 2022

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

 INTERESTING TRENDS IN OFFICE REAL ESTATE ...

+ eStruxture added to its portfolio of data centres – they added 93,000 sq. ft. facility in the Calgary market

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

 QUOTES 

+ Brains are in; heavy lifting is out. That’s the essential nature of the new knowledge-based economy. Therefore, the development of knowledge is close to job No. 1 for corporations. – Tom Peters

+ When something is important enough, yhou do it eve if the odds are not in your favor. – Elon Musk

 THIS WEEK'S HEADLINES


Amazon hub for Calgary | bitumen beyond combustion | COVID stats | COP26 Trudeau announcement + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos

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AUTOMATED ROOFTOP CARGO

BennettJones.com

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EXECUTIVE COACHING

Visit: Levvel.ca
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OFFICE MOVERS


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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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NEWS SUMMARY 
 Nov. 3 ~ 9 / 2021 

+ Amazon Web Services Canada is establishing a cloud computing server hub in the Calgary area; the overview is ‘900 jobs and $4.3 billion investment by 2037’ with the expectation of completion by end of 2023 – no details of location disclosed …

+ ARC Resources Ltd. announced its 2022CapEx Budget is $1.2 billion

+ bitumen beyond combustion:  BBC is an initiative of Alberta Innovates

+ BMO Financial Group sold its EMEA Asset Management unit to Ameriprise Financial Inc.; terms not disclosed

+ border issues; U.S. land borders re-opened November 8; vaccination proof required

+ Cardinal Energy Ltd. announced its 2022CapEx Budget is $70.0 million

+ COVID-19 in Alberta full current stats – [ 6,387 active cases – 608 in hospital, 135 patients in intensive care, deaths to date from COVID – 3,155 ] – booster 3rd doses now available to Albertans over 70

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; still in the 80s but down week-over-week due to inventory builds - WTI US$/82/bbl, Brent US$83/bbl – meanwhile, Saudi Arabia is hiking prices in a tightening market

+ Enerplus Corporation closed its sale of non-strategic Williston Basin assets for US$115.0 million

+ Enerplus Corporation announced its preliminary 2022CapEx Budget is $500.0 million

+ Gear Energy Ltd. announced its 2022CapEx Budget is $40.0 million

+ Government of Canada at COP26 – Prime Minister Trudeau announced his intention to cap oil & gas sector emissions – and the big target is Alberta’s oilsands

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

+ NFP Corp. acquired Foster Park Brokers Inc. (4 offices/135 staff)

+ Obsidian Energy Ltd. agreed to acquire 45% interest in the Peace River oil partnership

+ Paramount Resources Ltd. announced its 2022CapEx Budget is $500.0 million

+ Parkland Corporation is expanding in the U.S.; they completed an acquisition of Urbieta Oil Co. – adding 94 locations in Florida to their portfolio – 54 of which include site ownership

+ PFB Corporation agreed to be acquired by The Riverside Company for $178.0 million

+ PROPERTYlines;  – monthly commercial real estate; archived Issues  

+ rig activity in Canada

+ rig counts (active/working) – US: up 6 to 550 this week; Canada: down 6 to 160 this week; full breakdown and international rig counts

+ Rogers Communications Inc. board-room-brawl got settled in B.C. courts; the ruling confirmed Edward Rogers had the authority to reconstitute the board  and it appears Rogers will not appeal that decision, but the status of senior executives is still in some doubt

+ TC Energy Corporation launched US$800.0 million acquisition program

THIS WEEK IN FINANCINGS 
- proposed & closed

+ AIMCo Realty completed $500.0 million unsecured debt financing

+ Alpha Lithium Corporation is on the market to raise $13.0 million in equity

+ Axis Auto Finance Inc. secured $120.0 million credit facility

+ Cardiol Therapeutics Inc. is on the market to raise US$50.19 million in equity

+ Definity Financial Corporation is on the market to raise $1.25 billion in equity  by IPO

+ E Automotive Inc. is on the market to raise $135.7 million in equity by IPO

+ Eat Beyond Global Holdings Inc. secured $US$30.0 million financing

+ Emergia Inc. closed $2.0 million first tranche of a convertible debt financing

+ Hapbee Technologies Inc. is on the market to raise $3.5 million in equity by private placement

+ Longbow Capital closed $114.0 million equity raise for its Energy Transition Fund

+ MCAN Mortgage Corporation is on the market to raise $33.0 million in equity by a rights offering

+ Obsidian Energy Ltd. is on the market to raise $22.5 million in equity

+ Parkland Corporation is on the market to raise US$800.0 million in sr. unsecured debt

+ Playgon Games Inc. is on the market to raise $9.0 million in equity by private placement

+ RioCan REUT closed $450.0 million sr. unsecured debt financing

+ Sama secured $70.0 million funding round

+ Xortx Therapeutics Inc. closed US$1.47 million overallotment of its recent 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 …

 SAVE THE DATE / upcoming events

+ Nov. 9-10; 2021 CCVO Connections Conference – info/program

+ Nov. 9-10; ISA, Calgary Show – Expo & Conference, Telus Convention Centre, Calgary; save the date / submit a paper (deadline is June 7) / conference brochure/register

+ Nov. 22; Parliament of Canada – resumption of parliament, Ottawa

+ Nov. 24; Business Transition Forum, Westin Bayshore, Vancouver; info/register

+ Dec. 1-2; 30th Anniversary Real Estate Forum, in-person & virtual, Fairmont Royal York, Toronto; info/registration

+ 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

+ Apr. 6-8; Economic Developers of Alberta – EDA Experience 2022, Pomery Kananaskis Moutain Lodge, Kananaskis; info/partner/call for presenters

+ May 26; Top 7 Over 70 awards gala, Hyatt Regency, Calgary; info/tickets

+ June 7-9; Global Energy Show, Stampede Park, Calgary; awards nomination, info/registration

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

 CONSTRUCTION NEWS + BUILDING SERVICES INNOVATIONS 

+ Alberta Innovates is sponsoring BioFibre building projects …

+ EllisDon won BIM award

 KUDOS 

+ Top 7 over 70 winners announced: Margaret Southern, Sherali Saju, Clarence Wolrleg, Don Taylor, Louis Hobson, Bonnie Kaplan and Murray McCann
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 27, 2025