+ Amanda Reitenbach to COO @ Strategic Oil & Gas Ltd.

+ Axel Schwan to Regional Pres., Canada & U.S. @ Tim Hortons

+ Brad Stevens, Deputy City Manager @ City of Calgary, retired

+ Chris Young to VP Sales & Bus. Dev. @ Glacier Media Group

+ David Lamming to CEO, Asia Pacific @ Plenary Group

+ Dawn Munro to Partner, Tax, Calgary @ KPMG Canada

+ Devin Wenig, Pres. & CEO @ eBay, stepping down

+ Doug Parker, Pres. & CEO @ Quarterhill Inc.

+ Elizabeth Beale, Director @ DHX Media Ltd., resigned

+ Fred Guzman to Sr. Project Mgr. @ IBM iX

+ Ian Andersson to Gen. Mgr., Coal Logistics @ Teck Resources Limited

+ Kevin Lavallee to CEO @ thyssenkrupp Elevator North America

+ Kimberly Setrakov to Counsel @ Burstall LLP

+ Luke Caplette, CFO @ Cordy Oilfield Services Inc., resigned

+ Mari McClure to Pres. & CEO @ Green Mountain Power

+ Michael Monahan, CFO @ Hexo Corp., resigned

+ Paul Wynnyk to Deputy Minister, Municipal Affairs @ Government of Alberta

+ Peter Nieuwenhuizen to VP, Technology & Deployment @ Enerkem Inc.

+ Robert McFarlane to Director @ Economical Insurance

+ Robert Robotti to Director @ Prairie Sky Royalty Ltd.

+ Rod Berg to VP Design and Construction @ Canderel

+ Roy Berg to Tax Partner, National Leader International Private Client @ Grant Thornton LLP

+ Roxana Secara to Sr. Advisor, Corporate Communications, Calgary @ Brookfield Properties

+ Stuart Doshi to Director @ Continental Energy Corporation

+ Sylvain Prud’homme, Pres. International Activities (Canada and Mexico) @ Lowe’s Canada, retiring

+ Tim Croyle, VP, WestJet Vacations and Cargo @ WestJet, an Alberta Partnership

+ Tony Berthelet, CEO @ Strategic Oil & Gas Ltd., resigned

+ Tony Berthelet to COO @ Gran Tierra Energy Inc.

+ William Lancaster to Pres. & CEO @ Strategic Oil & Gas Ltd.

~

 [send us your appointment notices  kolke@facilitycalgary.com ]

+ Leroy Earl (Bus) Fuller, legend/creator of Earls, Joeys, Cactus Club – and the man who brought A&W to Alberta way back when; 90

+ virtual reality training saves lives

+ 10 worst interview mistakes

+ Microsoft launched its new Surface features

+ Oct. 9; Millennial Esports Corp., Annual and Special Shareholders Meeting, Toronto

+ Oct. 31; Callidus Capital Corporation, Special Meeting, Toronto

+ Dec. 10; First Capital Realty Inc., Special Meeting of Shareholders, Toronto

+ Jan. 24; Aimia Inc., Special Meeting of Shareholders, Montreal

~

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

FACILITYCalgary FREE

 weekly newsletter

Est. July, 1999

HEADLINES: Alberta Legislature resumes| Bell buys AlarmForce | Bus Fuller dies | Bellatrix in CCAA | City Wide/ULS merger | First Capital converting to REIT | Intact acquires On Side | TELUS buying ADT | SUMMIT REIT portfolio buy + deals + rig counts + upcoming events, appointments, Golf Tournaments + REIT NEWS + financings

+ A leader is best when people barely know he exists, when his work is done, his aim fulfilled, they will say we did it ourselves. – Lao Tzu

+ Management is doing things right, and leadership is doing the right things. – Peter Drucker

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FACILITYCalgary FREE

+ 4^th Annual Business Transitions Forum - Oct. 30-31, focus on your exit/transition strategy; [full program], Westin Calgary; info/register; use this code: maxcomm20 for a 20% discount

+ Alberta Legislature resumes sitting TODAY … tic toc

+ Algonquin Power & Utilities Corp. closed its $331.0 million acquisition of New Brunswick Gas from Enbridge Inc.

+ Bell acquired AlarmForce for $182.0 million

+ Bellatrix Exploration Ltd. is now under CCAA administration; pursuing a court supervised restructuring plan

+ Brookfield Business Partners LP agreed to sell its interest in North American Palladium Ltd. for $1.0 billion

+ Canadian Tire Corporation Limited closed its acquisition of Party City (65 stores)

+ City Wide Towing & Recovery Service Ltd. agreed to a merger with ULS Maintenance & Landscaping

+ Clarke Inc. closed its acquisition of Holloway Lodging Corporation

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices edging up on China/US trade concerns, and supply concerns

+ First Capital Realty Inc. board approved conversion to a REIT structure

+ Intact Financial Corporation closed its acquisition of On Side Developments Ltd. o/a On Side Restoration

+ McCoy Global Inc. closed its US$6.0 million acquisition of DrawWorks LP

+ Metro Supply Chain Group agreed to acquire Custom Delivery Solutions; terms not disclosed

+ Parkland Fuel Corporation closed its acquisition of Tropic Oil Company Inc.

+ rig activity in Canada

+ rig counts (active/working) – U.S.: down 5 to 855 this week; Canada: up 17 to 144 this week; full breakdown

+ Summit Industrial Income REIT agreed to acquire an Alberta portfolio (37 light industrial buildings); 3.3 million sq. ft. for $588.0 million

+ Telus Corp. agreed to acquire ADT Canada for $700.0 million

+ Tidewater Midstream and Infrastructure Ltd. agreed to acquire Husky Energy Inc.’s light oil refinery in Prince George for $215.0 million

+ TransAlta Corporation entered into agreement with SemCAMS Midstream ULC to develop $105.0 million 40MW cogeneration plant at the Kaybob South No. 3 procession plant

+ Allied Properties REIT is on the market to raise $300.0 million in unsecured debt

+ BTB REIT closed $24.0 million debt financing

+ Continuum Residential REIT is on the market to raise $300.0 million in equity by IPO

+ Docebo Inc. closed $88.25 million equity financing by IPO

+ Innergex Renewable Energy Inc. closed $18.75 million over-allotment of its recent convertible debt financing

+ Journey Energy Inc. is on the market to raise $7.3 million in equity

+ National Bank of Canada is on the market to raise US$750.0 million in debt

+ Razor Energy Corp. is on the market to raise $5.0 million in flow-through share equity

+ Summit Industrial Income REIT is on the market to raise $200.0 million in equity

+ ViveRE Communities Inc. closed $1,475,000.0 equity financing

~

*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 …

+ Baytex Energy Corp. published its 2018 Corporate Sustainability Report [60 page PDF download]

+ Algonquin Power & Utilities Corp. closed its $331.0 million acquisition of New Brunswick Gas from Enbridge Inc.

+ TransAlta Corporation entered into agreement with SemCAMS Midstream ULC to develop $105.0 million 40MW cogeneration plant at the Kaybob South No. 3 procession plant

+ Katerra presentation at Woodrise conference showcased its recently opened Cross-Laminated Timber (CLT) facility – the world’s largest CLT facility, in Spokane that can produce 12ft. wide X 60 ft. long panels – pretty impressive and a lot more than finger joints and glue …

+ tallest building in Beijing, 4^th tallest in China, completed – 109-storey

+ Boston Properties Inc. (55%) and CPPIB (45%)formed a JV to develop 1.1 million sq. ft. office campus (Platform 16) in San Jose, CA

+ Western Wealth Capital closed its acquisition of 940 units in Houston; terms not disclosed

+ Amazon is reported to have signed leases for more than a dozen grocery store locations in the greater Los Angeles area; will operate as Amazon’s Whole Foods / 35,000 sq. ft. stores

+ Canadian Tire Corporation Limited closed its acquisition of Party City (65 stores)

+ Does flexible space need flexible furniture?

+ WeWork’s future hanging in the balance; negotiations for an equity injection of US$1.0 billion from Softbank and floating a new US$3.0 billion debt financing with JPMorgan Chase is predicated on a prediction of profit within 10 years; and Softbank wants to renegotiate terms of its warrants granted last January (that’s when the invested US$10.0 billion based on a valuation of US$47.0 billion). Yikes!

+ Allied Properties REIT is on the market to raise $300.0 million in unsecured debt

+ BTB REIT closed $24.0 million debt financing

+ Continuum Residential REIT is on the market to raise $300.0 million in equity by IPO

+ First Capital Realty Inc. board approved conversion to a REIT structure

+ RioCan REIT formed mixed use property partnerships with Killam Apartment REIT (50% of Elmvale Acres Shopping Centre, Ottawa), and Boardwalk REIT (Sandalwood Square, Mississauga)

+ RioCan REIT acquired a 50% interest for $27.1 million in an mixed use Toronto asset with income in place and housing in development; 50/50 JV with Streamliner Properties Inc.

+ Summit Industrial Income REIT agreed to acquire an Alberta portfolio (37 light industrial buildings); 3.3 million sq. ft. for $588.0 million