Upcoming Webinars/PODCASTS:

+ Sept. 22; The Road to Canada's Economic Recovery Runs Through Indigenous Communities; info/register

+ Alice Wang, CEO @ CIM International, resigned

+ Allen Capps to Sr. VP Corporate Development & Energy Services @ Enbridge Inc.

+ Anik Lanthier to Pres., Public Markets @ Fiera Capital Corporation

+ Antoine Tronquoy to CFO @ Cominar REIT

+ Arthur Kacprzak to CFO @ Algonquin Power & Utilities Corp.

+ Bob Demulder, Regional VP @ Nature Conservancy of Canada, retiring

+ Brian Ford to CFO @ Acasti Pharma Inc.

+ Carrie Russell to Pres. & CEO @ Knowledge First Financial Inc.

+ Charles Edmonds to Chief Revenue Officer @ VizworX

+ Charles Jackson to Director @ Subversive Capital Acquisition Corp.

+ Chris Bardell to Project Director, Development @ Calgary Municipal Land Corporation

+ Deanna Oppenheimer to Director @ Thomson Reuters

+ Deepak Khandelwal, Sr. VP * Chief Client Experience Officer @ CIBC, leaving the bank

+ Dharmesh Makwana to VP @ Xyntax Group Inc.

+ Diana Iannetta to Director @ FP Canada

+ Dustin Wilkes to CEO @ VizworX

+ François Poirier to Pres. & CEO @ TC Energy Corporation

+ Geoff Ward to Head Coach @ Calgary Flames

+ Gérard Mounier to Pres. & Gen. Mgr. @ GNR Québec Capital Management Inc.

+ Gregor Resch to Regional VP and Gen. Mgr., Fairmont Banff Springs @ Fairmont Hotels

+ Gregory Chrispin to Director @ Addenda Capital

+ Iain Stewart to Pres., Public Health Agency @ Government of Canada

+ Jacqueline McConnell to Director & COO @ Nova Mentis Life Science Corp.

+ Jonathan Korol, Pres. @ SilverBirch Hotels and Resorts, resigned

+ Jonathan Korol to CEO @ American Hotel Income Properties REIT

+ Jordan Zinberg, Director @ Axis Auto Finance Inc., resigned

+ Kay Brekken, CFO @ First Capital REIT, retiring

+ Laurence Smoliak to CFO @ Klondike Silver Corp.

+ Mark Carney to Director @ Pacific Investment Management Company (PIMCO)

+ Martin Marino to Chairman @ Microbix Biosystems Inc.

+ Matthew Akman to Sr. VP, Corporate Strategy and Power @ Enbridge Inc.

+ Michael Gordon to CEO @ Altus Group

+ Michael Lindsay to CEO @ Infrastructure Ontario

+ Nathalie Rousseau to Exec. VP, Asset Mgmt. and Transactions @ Cominar REIT

+ Patricia Verburgt to Business Development Mgr. -West Region @ DIRTT Environmental Solutions

+ Paul Rivett to Director @ Itasca Capital Ltd.

+ Peggy Heed to Director @ TC Pipelines GP Inc.

+ Peggy Montana to Director @ Gibson Energy

+ Rachel Pinnington to Communications Mgr. @ Sun Life

+ Rick Begg to Chief Information Officer @ Bird Construction

+ Rick Doman to Director @ Itasca Capital Ltd.

+ Robert Courteau, CEO @ Altus Group, retired

+ Robert Parker to Trustee @ Firm Capital American Realty Partners Trust

+ Russ Girling, Pres. & CEO @ TC Energy Corporation, retiring

+ Scott Provan to Sr. Estimator, Multifamily @ Hopewell Residential

+ Simon Paris to Director @ Thomson Reuters

+ Ted Menzies to Sr. Associate @ Hill+Knowlton Strategies

+ Teresa Black Hughes to Director @ FP Canada

+ Tina Namiesniowski, Pres. @ Public Health Agency of Canada, resigned

+ Tom Lynch-Staunton to Regional VP @ Nature Conservancy of Canada

+ Trish Keen to Property Mgr. @ Triovest

~

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

+ Emery Dosdall; former Superintendent, Edmonton Public Schools, retired B.C, Deputy Education Minister, client/friend, leader extraordinaire, 77

+ John Turner; former Prime Minister of Canada; 91

+ Can an employer restrict personal trips – and what about quarantines?

+ PwC Management Services LP’s workforce study is an interesting read: Canadian Workforce study

+ The Changing Talent Landscape

+ The Future of Work, Now – fireside chat with Vala Afshar of Salesforce, talking with Deloitte’s Zabeen Hijiri; Sept 24 – 12 PM -1 PM EST – sign up/get tickets

+ What will HR tech look like in a post-COVID world?

+ Sept. 24; Calgary Chamber of Commerce – Resilient Business Awards Gala (virtual); register

+ Sept. 30-Oct. 1; Vancouver Real Estate Forum, Vancouver Convention Centre West, Vancouver; info/register

+ Oct 21; Business Transitions Forum – Western Edition, Virtual Conference – info/register

+ Oct. 21; Alberta Real Estate Forum, Edmonton; info/register

+ Oct. 27-28; Supply Change EXPO, Stampede Park, Calgary; register

+ Oct. 28-29; BOMEX VIRTUAL 2020, 20^th Annual Building Excellence Summit; Dr. Jane Goodall is keynoter;  info/register

+ Oct. 29-30; Business Transitions Forum, Westin Calgary; info/registration

+ Nov. 6; 6^th Annual Barney Bentall and Cariboo Express/Peter Burgener Memorial Charity Concert benefit for Classroom Champions; save the date/information

+ Nov. 25-27; Economic Developers Alberta, 2020 Conference & AGM, Kananaskis; info/register

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2021

+ Feb. 9-11; Egypt Petroleum Show, Egypt International Exhibition Center, Cairo, Egypt; info/register/call for papers

+ May 12-13; Business Transitions Forum, Westin Edmonton; info/registration

+ May 31 – June 1; Egypt Petroleum Show, Cairo, Egypt; info/registration

+ June 5;  NSTEP’s Step Up 4 Calgary Kids Race 2020, Fish Creek Park, Calgary; watch for sign up details

+ June 6-18; CERI 2021 Petrochemical Conference, Kananaskis Mountain Lodge; program; sign up/register

+ June 8-12; Global Energy Show, Stampede Park, Calgary, info/registration

+ June 14-16; NeoCon, the Mart, Chicago; info

+ June 22-23; Petrochem Canada, Sunbridge Hotel & Convention Centre, Saria; info/registration

+ July 23 – Aug. 8; Tokyo Olympics – 2021 Summer Games

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

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IN THIS ISSUE: Alberta Covid-stats | Communauto launches | crude price volatility | Girling retirement | Kearl restart | welcome Print Three + deals + rig counts are UP + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos

PROPERTY MANAGEMENT SERVICES - consulting, administration, and fully contracted management services

Insolvency/Workouts/Foreclosures:

- receiverships

- judicial sales

Services for Investors/Property Owners/ Buyers:

- due diligence

- workouts, collections, project management

- small portfolios and stand-alone buildings

- net lease administration

- multi-family residential

Commercial Agent | Property Manager /  Consultant | Office, Industrial & Education Facilities Specialist | Public-Private Partnerships (P3) | Commercial Property Sales / Leasing / Land + Residential Sales

Mark Kolke – Agent/Property Manager

Realtor - licensed in Alberta for Residential, Commercial and Property Management ~ under contract to MaxWell Capital Realty

+ Play by the rules, but be ferocious. – Phil Knight

+ Everyone wants to live on top of the mountain, but all the happiness and growth occurs while you’re climbing it. – Andy Rooney

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 weekly newsletter

Est. July, 1999

+ Alberta COVID-19 stats: 256 deaths, 1,459 active cases of 16,739 cases to date: aggregate Alberta data – currently, 51 Albertans are in the hospital with COVID-19, and 9 of those are in intensive care units

+ Alberta did a Stage 2 relaunch, re-opening Stage 3 remains delayed because of case/infection levels; school openings are causing concern as outbreaks at schools have left parents and neighbours jittery … tic toc

+ Alberta Legislature fall sitting will start October 20^th

+ 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

+ AEF (Alberta EnviroFuels) facility in Edmonton is going off-line; Keyera will handle the turn-around for six weeks of preventative maintenance

 + a NEW advertiser/sponsor joins us this week: welcome Print Three

+ B.C. government announced its allocations for its program to clean up dormant oil and gas wells; $120.0 million in funds from the Trudeau government will, they say, provide 1,200 jobs in B.C.; this program was announced before – now seems to operational; details and application process link

+ B.C. Premier John Horgan called an election; B.C. voters go to the polls Oct. 24^th

+ Canada – U.S. border to remain closed to non-essential traffic until at least October 21^st; Rapid Housing Initiative to address homelessness announced, $1.0 billion program to be run by CMCH

+ Canada – throne speech this week; Wed. Sept. 23^rd – watch it live-stream at 1:00PM Eastern ` -the speech is expected to focus on pandemic response and economic recovery – and keeping the Liberal minority government in power … so expect the Liberals to be courting NDP support so they can withstand the likely non-confidence motion the following week

+ Cequence Energy Ltd. got court sanction for its CCAA plan of compromise and arrangement

+ Communauto car-sharing service commenced in Calgary; they’ve begun with 100 Kia Rio models, with plans to add more vehicles – they have some free use inducements as part of their marketing program

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude prices bumped upward again over the week due to GOM hurricane disruption and reduced inventories – then downward on concerns Libyan oil returning to the market – tic toc!

+ HOUSING TRUTH – monthly residential newsletter: HOUSING TRUTH – CLICK HERE TO SIGN UP for our mailing list  – September Issue

+ Imperial Oil restarted production at its Kearl oil sands operation following a re-start of the Polaris diluent pipeline

+ Obsidian Energy Ltd. launched its bid to acquire Bonterra Energy Corp.; shares-for-shares deal

+ PROPERTYlines;  – monthly commercial real estate newsletter  CLICK HERE to CHECK OUT THE SEPTEMBER ISSUE

+ rig activity in Canada

+ rig counts (active/working) – U.S.: up 1 to 255 this week; Canada: up 12 to 64 this week; full breakdown

+ Royal Dutch Shell announced it plans to slash 40% of its budget for producing oil and gas; drive to save cash and overhaul its business with a greater focus on renewables …

+ Artis REIT closed $250.0 million in sr. unsecured debt financing

+ CU Inc. is on the market to raise $150.0 million debt

+ Dollarama Inc. is on the market to raised $300.0 million in sr. unsecured debt

+ Else Nutrition Holdings Inc. is on the market to raise $18.0 million in equity

+ encore Energy Corp. is on the market to raise $4.8 million in equity by private placement

+ Engine Media Holdings Inc. closed US$1.9 million tranche of an US$7.6 million debt financing

+ Engine Media Holdings Inc. secured US$8.0 million standby convertible debt financing

+ Equitable Bank closed $200.0 million debt financing

+ Great-West Lifeco Inc. closed in aggregate US$1.5 billion in simultaneous senior debt financings

+ Ithasca Capital Ltd. is on the market to raise $5.0 million in unsecured convertible debt by private placement

+ Liberty Utilities Co. is on the market to raise $600.0 million in sr. unsecured debt

+ Lightspeed POS Inc. closed US$397.7 million equity financing by IPO

+ MPX International Corporation is on the market to raise $6.8 million in equity by private placment

+ Pipestone Energy Corp. closed $70.1 million convertible preferred share financing by private placement

+ Restaurant Brands International Inc. is on the market to raise $1.0 billion in sr. secured debt

+ Sadhu Johnston, City Manager @ City of Vancouver, stepping down

+ Sienna Senior Living is on the market to raise $175.0 million in sr. unsecured debt

+ Sienna Senior Living is on the market to secure $100.0 million term credit facility

+ Summit Industrial Income REIT closed $250.0 million sr. unsecured debt financing

+ VitalHub Corp. closed $2.2 million in equity by private placement

~

*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 …

+ Sept. 23; Atlas Engineered Products Ltd., Annual General Meeting, Vancouver

+ Sept. 24; Calgary Chamber of Voluntary Organizations (CCVO), Annual General Meeting, (Zoom-virtual only); register

+ Sept. 28; 49 North Resources Inc., Debentureholder Meeting, Saskatoon

+ Sept. 29; Calfrac Well Services Ltd., Shareholders Meeting, Calgary

+ Oct. 1; Painted Pony Energy Ltd, Special Meeting of Shareholders, Calgary

+ Oct. 6; GMP Capital Inc., Annual and Special Meeting, Toronto

+ Oct. 15; Africa Energy Corp., Special Meeting of Shareholders, Vancouver

+ Oct. 15; Clarke Inc., Special Meeting of Shareholders, Halifax

+ Dec. 15; Karnalyte Resources Inc., Special Meeting of Shareholders, Saskatoon

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

+ contractors chosen for $601.0 million Kicking Horse Canyon project – Aecon Group et al

+ Apple’s floating store in Singapore – very cool!

+ managing risk at an anxious time

+ Enerplus Corporation released its 2020 ESG Report

+ Calgary historical city hall’s $34.1 million renovation is complete, reopened 113 yrs. to the day from when construction began …

+ Government of Alberta announced it will spend $43.0 million on provincial park upgrades and repairs

+ Stoney Trail upgrade will improve access to Fish Creek Park and improve safety; $70.0 million eastbound bridge replacement announced

+ Cominar REIT initiated a strategic review process; will evaluate alternatives to increase unitholder value

+ Firm Capital American Realty Partners Trust agreed to acquired a 50% interest in a 235-door multi-res property in Hyattsville, Maryland; going-in cap rate 5.7%

+ NexPoint Hospitality Trust and Condor Hospitality Trust US$318.0 million merger terminated – deal is dead

+ Sept. 28; 31^st Annual 65 Roses Ladies Golf Classic in support of Cystic Fibrosis Canada, Earl Grey Golf Club, Calgary; info/register or, email info@cfcalgary.ca

~

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

+ Rowing harder doesn’t help if the boat is headed in the wrong direction. – Kenichi Ohmae

+ An expert is a person who has found out by painful experience all the mistakes that one can make in a very narrow field. – Niels Bohr

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