JUST LISTED: extraordinary 2 bedroom condominium in Eau Claire Estates - $455,000; contact Mark Kolke or Jamie Giszas
FOR SALE - relax and enjoy beautiful Marina Bay at SYLVAN LAKE
FOR SALE - lakefront home Marina Bay - Sylvan Lake - CLICK PHOTO for VIRTUAL TOUR
+ year-round lakefront home (48 photo virtual tour) at Marina Bay, Sylvan Lake – 1,388 sq. ft., 2 bedroom, wood-burning fireplace, sauna, extraordinary – $649,900; in the owner’s words: There is something therapeutic about watching the seasons of life on a lake, the waterfowl and other birds flocking up in groups of thousands, as they are right now, and to hear their excited calls to each other as they contemplate their annual pilgrimage south. The Trumpeter swans, majestic in sound and sight in their perfect formations. The deer, who are not around the house all summer, seem to know that the neighborhood will now be quiet for months, are now in search of my crab apple tree and others, on which they will feast all winter. The variety of activity out on the lake in winter... and all viewed through that WINDOW, seated with a coffee next to a crackling fire. The morning walk along Lakeshore Drive or, to mix it up, through Norglenwold to the north, to see which old cabin is being torn down and rebuilt this time... - email me to arrange a showing: kolke@markkolke.com
+ Joey Moss; revered member of the Edmonton community, number one fan for the Oilers and Eskimos – demonstrating the lives of people with developmental disabilities enrich lives and communities; 57
+ be part of the transformation and join the Global Energy Show where technical experts from around the world present and discuss the latest technologies, processes and innovations leading the way toward zero emissions energy systems – CALL FOR ABSTRACTS
+ Le Château Inc. filed for CCAA creditor protection while it winds down operations; 123 stores will close; PwC is monitor, Gordon Brother ULC and Merchant Retail Solutions ULC appointed to handle the liquidation
+ The GAP – operators of GAP and Banana Republic stores will close 350 stores in coming business cycles; they are focused on generating 80% of its revenue from non-mall stores and e-commerce by 2023
SAVE THE DATE - CHARITY GOLF TOURNAMENTS
+ no more listings for 2020 – please send us your 2021 events
+ Alberta COVID-19 stats: 307 deaths, 4,477 active cases of 25,733 cases to date: aggregate Alberta data – currently, 118 Albertans are in the hospital with COVID-19, and 16 of those are in intensive care units – the second-wave in Alberta seems to be unfolding as cases in Edmonton still spiking, Foothills Hospital in Calgary outbreaks continue to cause concern; more than 800 AHS staff are working on contact tracing
+ Alberta did a Stage 2 relaunch, re-opening Stage 3 remains delayed because of case/infection levels; new 15-person gathering limit set for Calgary
+ Alberta-based quarantine trial: things are changing at Calgary International Airport ~ a new quarantine approach for arrivals: pilot program; testing initiative
+ Alberta government stopping its oil production curtailment program in December
+ ABTraceTogether – get the APP; GOA has launched an app which, if loaded on your phone, enables contact tracing in the event you or someone you’ve been near contracts COVID-19; this is something we should all consider getting on-board
+ B.C. provincial election; early results seem conclusive – John Horgan’s NDP will have a solid majority
+ Brookfield Business Partners LP agreed to acquire Genworth MI Canada Inc. (Sagen MI Canada) for $3.8 billion
+ Brookfield Asset Management agreed to sell its Simply Self Storage business (120 facilities / 23 states) to Blackstone REIT for $1.6 billion
+ Canadian Spirit Resources Inc. shareholder Elmag Investments Inc. filed an early warning report; they’ve recently increased their holding from 47.52% to 51.06%
+ Cenovus Energy Inc. agreed to acquire Husky Energy Inc. in $3.8 billion all-stock transaction valued at $23.6 billion; unanimously approved by boards of both companies – subject to shareholder and regulatory approval; combination expected to reduce operating costs by $1.2 billion/year or more; meanwhile, the future of Husky’s capital-starved White Rose field offshore in Newfoundland is in limbo …tic toc
+ Enmax Corp. announced job cuts are coming within weeks as business volumes are down; re-structuring of divisions to improve efficiency is part of it too …
+ Exxon Mobil Corp. announced to employees it is planning staff cuts in the U.S. and Canada … tic toc
+ Suncor Energy Inc. is reported to be reviewing the potential sale of its North Sea holdings – in aggregate $500.0 million in values as well as other UK field holdings …
+ Suncor Energy Inc. is relocating its Oakville and Mississauga operations to Calgary in 2021; no announcement yet on how many the 700 personnel will be moving …
+ Sun Life Financial Inc. agreed to acquire a majority stake in Crescent Capital Group LP (US$28.0 billion book)
THIS WEEK IN FINANCINGS
- proposed & closed
+ Bragg Gaming Group Inc. is on the market to raise $12.5 million in equity
+ Canadian Spirit Resources Inc. is on the market to raise $1.6 million in equity by private placement
+ Canadian Western Bank is on the market to raise $175.0 million in debt
+ Cascades Inc. closed $125.0 million equity financing
+ CloudMD Software & Services Inc. is on the market to raise $32.4 million in equity
+ Datable Technology Corporation Corp. is on the market to raise $1.571 million equity financing by private placement
+ Flagship Communities REIT closed US$14.0625 million overallotment of its recent IPO
+ Itasca Capital Ltd. closed $5.0 million convertible debt financing raised by private placement
+ Marble Financial Inc. closed $1.5 million equity financing by private placement
+ Pivotree Inc. is on the market to raise $60.0 million in equity by IPO
+ Restaurant Brands International Inc. is on the market to raise $750.0 million in sr. secured debt
+ Royal Bank of Canada is on the market to raise $1.25 billion in debt
+ StageZero Life Sciences Ltd. is on that market to raised $5.0 million in equity
+ Tervita Corporation secured $325.0 million credit facility
+ Topaz Energy Corp. closed $230.5 million equity raise by IPO
+ Vitalhub Corp. is on the market to raise $15.0 million in equity
+ WELL Health Technologies Corp. closed $80.5 million equity financing
+ Willow Biosciences Inc. is on the market to raise $10.0 million in equity
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*editor’s note: names companies involved in debt 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 …
SHAREHOLDER MEETINGS
+ Oct. 29; CF Energy Corp., Annual General Meeting of Shareholders, Toronto
+ Nov. 13; Horizon North Logistics Inc., Special Meeting of Shareholders, Toronto
+ Nov. 25; Source Energy Services Ltd., Noteholder and Shareholders Meeting, virtual only
+ Dec. 11; Echelon Holdings Inc., Annual and Special Meeting of Shareholders, Toronto
+ Dec. 11; Rifco Inc., Annual General and Special Meeting of Shareholders, Edmonton
+ Dec. 15; Karnalyte Resources Inc., Special Meeting of Shareholders, Saskatoon
+ Feb. 23; Artis REIT, Special Meeting of Unitholders, Winnipeg
+ Alberta Electric System Operator (AESO) is planning a Fast Frequency Response energy storage procurement process: here’s the scoop according to Osler
+ Encore Energy Corp. closed $4.8 million equity financing by private placement
+ Fengate Asset Management closed its acquisition of Freeport Energy Center from Calpine Corporation; 260MW natural gas-fired cogeneration facility inside Dow Inc.’s Texas Operations park
+ Hydro-Quebec is investing $750.0 million to refurbish its Carillon generating station; work from 2021-27 will produce 753MW of installed capacity; Andritz are partnering-supplier
+ Suncor Energy Inc. is relocating its Oakville and Mississauga operations to Calgary in 2021; no announcement yet on how many the 700 personnel will be moving …
