FACILITYCalgary

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

FACILITYCalgary May 6/25

ARCHIVED ISSUES

CONVERSATIONS

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SHAKERS AND MOVERS 
appointments and disappointments 

+ Allan Fogwill to COO @ Petroleum Technology Alliance Canada

+ Amy Shumate to head of US Tax Practice @ RSM Canada

+ Bernadette Patton to Interim CEO @ IREM

+ Blake Steels to VP, Head of Mortgage Investments @ Crestpoint Real Estate Investments Ltd.

+ Brian Shkrobot to Exec. VP & CFO @ Canadian Utilities Limited

+ Christopher Carlsen to Pres. & COO @ Birchcliff Energy Ltd.

+ Claudia Désilets to Board Pres. @ Nutrigroupe

+ Dean Manjuris, Vice-Chair @ Richardson Wealth Ltd., left the company

+ Dedre Toker to Creative Director @ Modern Flowers Ltd.

+ Dennis Steiger to Chief Technology Officer @ Xplornet Communications Inc.

+ Gaston Tano, Sr. VP & CFO @ Shawcor, resigned

+ George Gretes to Issues Mgr. @ Metrolinx

+ Hugo Blasutta to Pres. & CEO @ Comtech Group Inc.

+ Iggy Domagalski to Pres. & CEO @ Wajax Corporation

+ Jake McGregor to Pres. @ Minerva Intelligence Inc.

+ Jason Claxton to Board Chair @ Comtech Group Inc.

+ Jennifer Dibblee to Chief Legal Officer and Corporate Secretary @ BDC

+ Justine Delisle to Trustee @ Nexus REIT

+ Kathryn Fric to Chief Risk Officer @ Ontario Teachers’ Pension Plan Board

+ Katie Patrick to Exec. VP, Chief Financial & Investment Officer @ ATCO Ltd.

+ Louie DiNunzio to Trustee @ Nexus REIT

+ Mark Foote, Pres. & CEO @ Wajax Corporation, retiring

+ Martin Fecko to Chief Marketing Officer @ dentalcorp Holdings Ltd.

+ Michael Mitchell to Director @ GreenFirst Forest Products Inc.

+ Pat Elliott to CFO @ Canfor Corporation

+ Patrick Bui to CFO @ Transat A.T. Inc.

+ Patrick Pollak to Gen. Mgr. @ Four Seasons Hotels and Resorts, Toronto

+ Phil Thomas to Chief Risk Officer @ Scotiabank

+ Rick Couronne to VP Bus. Dev. Canada @ Sentinel Financial Management Corp.

+ Rohit Chokhani to Artistic & Executive Director @ Alberta Theatre Projects

+ Sandy Russell to CEO @ Canadian Beef Brands Council

+ Sarah Meilleur to CEO Calgary Public LIbrary

+ Sean Young to Multimedia Designer @ WSP

+ Sharon Driscoll, CFO @ Ritchie Bros., retiring

+ Tom Holloway to Sr. VO & Chief Accounting Officer

~ 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 

+ James Cuming; lawyer, partner at Cuming and Gillespie, 53

+ John Fowlis; retired KPMG partner, horse racing and rodeo pro, Rotarian, 90

+ Margaret Plain; long serving former St. Albert councillor, community activist/volunteer, 80




 HUMAN RESOURCES + WORKPLACE TRENDS 

+ HR can boost morale

+ legal issues – questions on hybrid workplaces




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CONVERSATIONS

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



 SHAREHOLDER MEETINGS

+ Oct. 12; Cervus Equipment Corporation, Special Meeting of Shareholders, virtual-only

+ Oct. 12; Inter Pipeline Ltd., Special Meeting of Shareholders, virtual-only

+ Oct. 19; Starlight U.S. Multi-Family (No. 1) Core Lpust Fund, Meeting of Unitholders, virtual-only

+ Oct. 27; TIMIA Capital Corporation, Annual and Special Meeting, Vancouver

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

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




  GLOSSARY + ABBREVIATIONS + ACRONYMS 

CLICK HERE FOR FULL GLOSSARY  




 SAVE THE DATE - CHARITY GOLF TOURNAMENTS 

+ send us your 2022 tournament information – we are happy to post them here

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




 QUOTES 

+ A good teacher does not teach facts, he or she teaches enthusiasm, open-mindedness and values. – Gian-Carlo Rota

+ Leadership is service, not position. – Tim Fargo




 KUDOS 

+ to four Calgarians named to the Alberta Order of Excellence; Murray McCann, Barb Olson, Merle Olson, Greg Powell




 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to June, 2022; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners




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Your Vote Matters! 
hear 20 candidates for Mayor of Calgary - watch it here



 THIS WEEK'S HEADLINES


BOWEN Group sold to Agilus | Calgary Mayor Candidates video forum | COVID case counts down, hospitals under pressure | crude prices continue ⬆⬆⬆ to rise | DOW announced massive expansion | Freehold Royalties acquisition | TC / Nikola hydrogen JV | Whitecap CO2 royalty sale + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos




 Sponsors of this week's issue:

Visit: Levvel.ca
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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 

e-mail CalgaryRentals@rohitgroup.com
 
NEW RENTAL HOUSING



e-mail Kevin Phone
 
OFFICE MOVERS



Request a consult
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OUR SERVICES

TAX LAWYERS


TAX ACCOUNTANTS



Contact Zelos for a free consultation today
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Visit:  www.zelosglobal.com
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Video Conference:  Booking Calendar
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 LEADERS IN PRIVATE WEALTH MANAGEMENT



Contact Razerlift: sales@razerlift.com 
https://razerlift.com/

AUTOMATED ROOFTOP CARGO



BennettJones.com



Visit: https://www.incito.ca/
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E-mail:  inspire@incito.ca

EXECUTIVE COACHING



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BRAND HERE



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OFFICE AND INDUSTRIAL LEASING

RETAIL LEASING AND SALES



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

~
Mark Kolke, Publisher

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NEWS SUMMARY 
 Oct. 6 ~ Oct. 12 / 2021 


+ BOWEN Group acquired by Agilus Work Solutions

+ Calgary Council races; City of Calgary 2021 elections; nominations;  of 30 candidates, 3 have withdrawn leaving 27 in the race  for mayor; of 111 candidates have filed nomination papers for the council’s 14 Ward seats, 100 remain – also, 37 candidates for Public Schools trustee, and  18 candidates for Separate School Board trustee

+ Calgary Candidates Forum, YOUR VOTE MATTERS! – available on YouTube: click to hear 20 of 27 candidates

+ COVID-19 in Alberta full current stats – [17,839 active cases – 1,101 in hospital, 250 patients in intensive care] -

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; WTI over US$80/bbl, Brent over US$83/bbl after a week of volatility in both crude and natural gas markets – European energy shortage concerns

+ Dow announced plans to expand/retrofit it’s Fort Saskatchewan facilities; to build the world’s first net-zero carbon emissions ethylene and derivatives complex – capital costs, job creation, and construction time-frames not announced yet, but expected to triple their plant’s ethylene and polyethylene production; involves $6.0-10.0 billion in capital costs with the key component being a 1.8 million tonne/year ethane cracker

+ Freehold Royalties Ltd. closed its US$54.0 million royalty portfolio acquisition from OneMap Mineral Services LLC

+ General Logistics Systems agreed to acquire Rosenau Transport

+ GOA to offer businesses up to $2.0K to implement Restrictions Exemption Program

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

+ name changed: Bishop Grandin High School, renamed as Our Lady of the Rockies School

+ PROPERTYlines;  – monthly commercial real estate; archived Issues  

+ rig activity in Canada

+ rig counts (active/working) – US: up 5 to 533 this week; Canada: up 2 to 167 this week; full breakdown and international rig counts

+ Sylogist Ltd. acquired Mission CRM Ltd. for $2.67 million

+ TC Energy Corporation and Nikola Corporation entered into a JV to develop large-scale clean hydrogen hubs

+ Whitecap Resources Inc. agreed to a royalty sale on a working interest in the Weyburn CO2 Unit Weyburn CO2 unit to Topaz Energy Corp. for $188.0 million




THIS WEEK IN FINANCINGS 
- proposed & closed

+ Altura Energy Inc. closed $5.0 million equity raise by private placement

+ Athabasca Oil Corporation on the market to raise US$350.0 million in debt

+ Colliers International Group Inc. closed US$150.0 million equity raise by private placement

+ Colliers International Group Inc. closed €125.0 million sr. unsecured debt financing by private placement

+ Great-West Lifeco Inc. closed $200.0 million equity raise by a preferred share issue

+ NG Energy International Corp. is on the market to raise $8.0 million in equity

+ Nuvei Corporation closed US$424.833 million equity raise

+ PetroFrontier Corp. secured $24.0 million in credit facilities

+ PRO REIT closed $69.0 million equity raise

+ PRO REIT closed $14.3 million overallotment of its equity raise by private placement

+ Royal Bank of Canada is on the market to raise $1.75 billion in sub. debt

+ Rubellite Energy Inc. closed $83.5 million equity raise

+ Rubellite Energy Inc. secured $3.0 million credit facility

+ Starlight U.S. Residential Fund is on the market to raise US$98.8 million equity raise by IPO

+ Topaz Energy Corp. is on the market to raise $150.5 million in equity

+ Tricon Residential Inc. is on the market to raise US$503.0 million in equity by IPO

+ Xenon Pharmaceuticals Inc. closed $345.0 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 …


 SAVE THE DATE / upcoming events

+ Oct. 20 -21; Calgary Real Estate Forum, virtual format; agenda/register

+ Oct. 20-21; BOMEX Virtual 2021, The New Normal?, annual conference; info/register

+ Oct. 27; Calgary Economic Development – 2022 Economic Outlook; virtual event – info/register

+ Nov. 5; 7th Annual Peter Burgener Charity Concert for Classrooms with Barney Bentall and the Cariboo Express, Bella Concert Hall, Mount Royal University; GET TICKETS

+ 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

+ 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

+ 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 ]




 CORPORTE RESPONSIBILITY + ESG REPORTS 

+ Algonquin Power & Utilities Corp. published its 2021 ESG Report

+ Canfor Corporation published its 2020 Sustainability Report




 OUR MEDIA PARTNERS 

+ GLOBAL ENERGY SHOW   - postponed to June, 2022; North America's Leading Energy Event, Stampede Park - Calgary, Canada

+ Check out this year’s GLOBAL ENERGY AWARDS winners


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