FACILITYCalgary FREE

+ Alison Schafer to CFO & Secretary @ PRO REIT

+ Amy Ferguson to VP, Bus. Dev @ Desjardins Insurance

+ Andrea Skinner, Interim Chair Chair @ Hockey Canada, resigned

+ Christian Buhagiar to Pres. @ Restaurants Canada

+ Craig Walker to Chief Product Officer @ Versapay

+ Daniel Smith to Leader of the UCP and Premier-Designate @ Government of Alberta

+ Debra Gerlach to Director @ Peyto Exploration & Development Corp.

+ Doug Junor to Director, Innovation & Product @ Field Safe Solutions

+ François Perras to Pres. & CEO @ Alliance Magnesium

+ Frank Guse to Sr. Exec, VP & Chief Risk Officer @ CIBC

+ Gordon Lawlor to Pres. & CEO @ PRO REIT

+ Irene Eddy to CFO @ Accord Financial

+ Jean-Paul Lachance to Pres. & COO @ Peyto Exploration & Development Corp.

+ Jeremy Busch-Howell to VP Legal, General Counsel & Corp. Secretary @ Total Energy Services Inc.

+ Kristen Dickey to Director @ Aimia Inc.

+ Laura Ferrera to Global Chief Marketing Officer @ Scotiabank

+ Laura Main to Managing Dir., North America @ Certn

+ Lori Lancaster to Director @ Precision Drilling

+ Michael Capatides to Vice-Chair @ CIBC Bank USA

+ Ryan Tabone to Chief Product & Technology Officer @ Lightspeed Commerce Inc.

+ Shawn Beber to Sr. Exec, VO and Group Head, US Region & Pres, & CEO @ CIBC Bank USA

+ Simon Noel to Intelligence Commissioner @ Government of Canada

+ Ugur Gunaydin to Gen. Mgr. @ Amgen Canada

+ Zack Brown to Chief Commerical Officer @ Novisto

~ 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 ]

+ new rules for foreign workers and what it means for Canadian employers

+ survey (U.S. employers) – how do employees feel, how do executives feel, about returning to the office?

+ Canadian Utilities Limited agreed to acquire from Suncor Energy Inc. a portfolio of operational wind (252 MW) and a development pipeline (1,500+MW) of wind and solar projects in Alberta and Ontario; the purchase price is $730.0 million

+ ENMAX Power and Cadillac Fairview commissioned their Chinook Mall project; 1,900 roof-mounted solar panels/53,000 sq. ft.

+ Heartland Generation Ltd. announced a deal/selection to do a carbon capture project -  Battle River Carbon Hub, and a deal to donate 268 acres to the province as an addition to Big Knife provincial park – announced by the government as part of the Jason Kenny flurry of announcements in his last week; our information is the deal is far from done, the land has not been identified, but the government announced it anyway … tic toc … we’ll see

+ TC Energy Corporation is investing $146.0 million to develop the 81MW Saddlebrook Solar Project near Aldersyde

+ send us your 2023 tournament information – we are happy to post them here

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

+ construction industry hit with inflation and labour shortages …

+ RoyOp Development Corporation acquired North Hill Co-op site; will redevelop as mixed-use – 180 residential units and retail anchored by new 42,000 sq. ft. Co-op store

+ WinSport is planning a Day Lodge renovation; the government of Alberta is re-directing funds earlier committed to repairing the sliding track – M3 Development Mgmt. are running the contracting process, seeking a prime consultant

FACILITYCalgary FREE

+ The first responsibility of a leader is to define reality. The last is to say thank you. In between, the leader is a servant. – Max de Pree

+ Unconsciously, Canadian feel that any people can live where the climate is gentle. It takes a special people to prosper where nature makes it hard. – Robert MacNeil

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 - 2022 MaxComm Communications. All rights reserved. 

 weekly newsletter

Est. July, 1999

+ Canadian Utilities Limited agreed to acquire from Suncor Energy Inc. , a portfolio of operational wind (252 MW) and a development pipeline (1,500+MW) of wind and solar projects in Alberta and Ontario; purchase price is $730.0 million

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices this week – WTI @US$90/bbl, Brent @ @ US$96/bbl ~ with OPEC+ production cuts expected will bolster prices in light of softening demand, aids Russia and hurts consumers …

+ Danielle Smith won the leadership of UCP on the 7^th round of preferential balloting by 53% of party voters and will be sworn in as premier today (Jason Kenny stepped down when his leadership review gave him 52% of party supporters); she doesn’t have a seat – will contest a by-election in Brooks-Medicine Hat riding

+ Danielle Smith’s campaign has ‘walked back’ her position on the proposed Sovereignty Act; now her representatives say they WILL respect Supreme Court decisions … oh my, obeying the law, what a concept!

+ E3 Lithium Ltd. acquired Clearwater Royalty

+ ENMAX Power and Cadillac Fairview commissioned their Chinook Mall project; 1,900 roof-mounted solar panels/53,000 sq. ft.

+ Government of Alberta announced the formation of the Premier’s Council on Missing and Murdered Indigenous Women and Girls – press release and links to details of the seven appointed council members

+ Heartland Generation Ltd. announced a deal/selection to do a carbon capture project -  Battle River Carbon Hub, and a deal to donate 268 acres to the province as an addition to Big Knife provincial park – announced by the government as part of the Jason Kenny flurry of announcements in his last week; our information is the deal is far from done, the land has not been identified, but the government announced it anyway … tic toc … we’ll see

+ HOUSING TRUTH – residential newsletter, Calgary and area: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  – archived issues …; check out our Q2 report – sign up

+ HSBC is considering a sale of its entire Canadian business operations; $10.0 billion is estimated as the price tag … tic toc

+ PROPERTYlines - commercial real estate quarterly newsletter – check out our 2022-Q1 Report; stay tuned for Q2 & Q3 reports coming soon … sign up

+ rig activity in Canada

+ rig counts/utilization (active/working) – US: up down 3 to 762 this week; Canada: up 2 to 215 this week; full breakdown and international rig counts

+ RoyOp Development Corporation acquired North Hill Co-op site; will redevelop it as a mixed-use – 180 residential units and retail anchored by new 42,000 sq. ft. Co-op store

+ TC Energy Corporation is investing $146.0 million to develop the 81MW Saddlebrook Solar Project near Aldersyde

+ WestJet Group and the Government of Alberta struck a partnership deal; though it might be a ‘good intentions memo’, whereby WestJet will make Calgary/YYC its hub for international flights using its growing fleet of 787 Dreamliners to Asia and Europe from Calgary; too soon to know if there is anything contractually binding in this ‘week of many Jason Kenny announcements’ that will really unfold as announced … tic toc

+ WinSport is planning a Day Lodge renovation; the government of Alberta is re-directing funds earlier committed to repairing the sliding track – M3 Development Mgmt. is running the contracting process, seeking a prime consultant

+ Blue-Zone Technologies Ltd. secured $8.0 million financing round

+ ClearStream Energy Services Inc. secured $50.0 million credit facility

+ Dollarama Inc. is on the market to raise $700.0 million in unsecured debt

+ Elemental Energy/East Strathmore Solar secured $3.4 million Canadian government investment

+ Equitable Bank closed €250.0 million (euros) debt financing

+ Northstar Clean Technologies Inc. is on the market to raise $1.95 million in equity by private placement

+ Northstar Clean Technologies Inc. is on the market to raise $4.8 million in convertible debt by private placement

+ NorthStar Gaming Inc. closed $1.055 million 2^nd tranche of a recent equity raise by private placement

+ Petro-Victory Energy Corp. closed US$1.7 million debt financing

+ PillarFour Capital Fund II secured US$3.0 million investment

+ Sandstorm Gold Ltd. closed US$92.0 million equity raise

+ Spectral Medical Inc. is on the market to raise $8.5 million in convertible debt financing

+ Toronto-Dominion Bank is on the market to raise US$1.75 billion in unsecured debt

+ VitalHub Corp. secured $27.0 million credit facility

+ XORTX Therapeutics Inc. closed US$5.0 million 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 …

+ Oct. 11; A Taste of Quantum: A Quantum Leap in Quantum – U of C Alumni all-access event; information/register

+ Oct. 12; Rotary Ribbons For Peace Fundraiser, Polish Canadian Centre, Calgary; info/tickets/sponsorship

+ Oct. 13; ASC Connect – virtual conference; info/access the conference/speakers list

+ Oct. 18; Building Operators Association of Calgary, Trade Show & Speakers, Danish Canadian Club; details/register

+ Oct. 18-19; Supply Change Conference & Expo, Westin Airport, Calgary; info/register

+ Oct. 19; Calgary Economic Development – 2023 Economic Outlook, TELUS Convention Centre, Calgary; save the date

+ Oct. 20; Calgary Real Estate Forum, TELUS Convention Centre, Calgary; agenda,  info/register

+ Oct. 24-28; U of C School of Public Policy – Fundamentals of ESG Management; info/register

+ Oct. 25-27; Net Zero Conference & Expo, TELUS Convention Centre, Calgary; info/register

+ Oct. 26 & 27; BUILDEX Alberta – Build Your Road Map, TELUS Convention Centre, Calgary; info/register

+ Nov. 4; 8^th Annual Peter Burgener Memorial Benefit Concert, Bella Concert Hall, Mount Royal University, Calgary; info/tickets

+ Nov. 29 – Dec. 1; Real Estate Forum, Metro Toronto Convention Centre, Toronto; info/register

~~~

2023

+ Apr. 4 & 5; BMO Capital Markets and Canadian Association of Petroleum Producers – Annual Energy Symposium, Investors Conference – save the date

+ Sept. 17-21; 24^th World Petroleum Congress – Energy Transition – the path to Net Zero, info/sponsorship/registration

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

+ Oct. 11; The Very Good Food Company Inc., Annual General Meeting, Vancouver

+ Oct. 21; Recipe Unlimited Corporation, Special Meeting, Toronto

+ Oct. 31; Resolute Forest Products Inc., Special Meeting of Stockholders, virtual only

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

+ RoyOp Development Corporation acquired North Hill Co-op site; will redevelop as mixed-use – 180 residential units and retail anchored by new 42,000 sq. ft. Co-op store