+ Amish Morjaria to Director @ CIFF Calgary

+ Barry Perry, CEO @ Fortis Inc., stepping down

+ Bruce Morin to Chief Revenue Officer @ Day & Ross Inc.

+ Camille Katigbak to Chair of the Board @ Filipino Chamber of Commerce Alberta

+ Charles Edmonds to Chief Revenue Officer EnsureworX @ VizworX

+ Danny Leon to VP Merchandising, Leon’s Furniture Div. @ LFL Group/Leon’s Furniture Limited

+ Darci Walker to VP Operations, The Brick @ LFL Group/Leon’s Furniture Limited

+ Darko Ulakovic to COO @ Questor Technology Inc.

+ David Gerofsky to Director @ Triovest Inc.

+ David Hutchins to CEO @ Fortis Inc.

+ Dustin Wilkes to CEO EnsureworX @ VizworX

+ Frederic Perron to Pres. @ Cogeco Connexion

+ Gordon Reid, Founder & CEO @ Giant Tiger, stepped down

+ Graeme Lon to Pres. Leon’s Furniture Div. @ LFL Group/Leon’s Furniture Limited

+ Jason Melbourne to Director @ Restaurant Brands International Inc.

+ Jennifer Campeau to Director, Indigenous Initiatives @ George Brown College

+ Jim Brown to Chief Commercial Officer @ Just Energy Group Inc.

+ Lee Corbett to Director @ Habitat for Humanity Southern Alberta

+ Lee Matheson to Director @ AutoCanada Inc.

+ Lindsey Galloway to Pres. & CEO @ Heritage Park

+ Lisa Giles to Director @ Milestone Pharmaceuticals Inc.

+ Lyndsay Osmond to Partner, Leadership Consultant Practice Leader, Edmonton @ Boyden

+ Lynn Kozak to Managing Partner and Director, Canadian Office @ Retina

+ Mandeep Chawla to Director @ Sleep Country Canada Holdings Inc.

+ Mark Renzoni to Director @ Triovest Inc.

+ Matthew Arena to Marketing Specialist @ Du Plooy Law

+ Maurice Kagan, Director @ Cliffside Capital Ltd., resigned

+ Michael Carter to CFO @ Just Energy Group Inc.

+ Michael Pine to Sr. VP Bus. Dev. & Strategy @ Medexus Pharmaceuticals Inc.

+ Mike Degagne to Pres. & CEO @ Indspire

+ Mike Walsh to Pres. & COO @ LFL Group/Leon’s Furniture Limited

+ Monica Silenzi to Sr. Marketing Strategist @ William Joseph Communications

+ Niall Gallagher, Director @ Martello Technologies Group Inc., retired

+ Paul Wood to CEO @ Giant Tiger Stores Ltd.

+ Peter Loretto, Director @ TAG Oil Ltd., resigned

+ Robert Wills to Director @ Milestone Pharmaceuticals Inc.

+ Russ Wells to Director @ Habitat for Humanity Southern Alberta

+ Scott Fordham to COO @ Just Energy Group Inc.

+ Stephen Devito to CEO @ BlueCat

+ Ted Willcocks to Pres., CEO & Director @ Triovest Inc.

+ Tina Mitchell to Business Dev. Mgr. @ KBM Commercial Floor Coverings Inc.

+ Todd Skinner to Director @ Cliffside Capital Ltd.

+ Tomago Collins to Director @ Four Seasons Hotels and Resorts

~

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

+ Michael Pick; retired oil industry executive, 89

+ Normand Petrin; founder of Norm Petrin Plumbing and Heating Ltd. (now Petrin Mechanical); 93

+ CEWS extended – announced in the throne speech

+ desk-friendly yoga

+ impact of windows and sunlight on health – healthier by design

+ recruiters facing a changing talent landscape

+ redefining (and appreciating) HR in the time of COVID

+ seven days a week daycare opens in Calgary to meet needs of parents with irregular work hours

+ a review of the new Apple Watch – Series 6 – Brian Heater full review

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

+ Oct. 1, 8, 15, 29; Brené Brown’s Rising Strong by INCITO / WXN; info/register

+ Oct. 20; Virtual 2021 Economic Outlook, virtual – 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

~

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 | A2A RAIL! | Bird acquired Stuart Olson | Calfrac wrangling on … | Calgary FALL Lease Sentiment Survey | Cequence exits CCAA | Devon acquiring WPX | Inter Pipeline asset swap | Ranchman’s saddle saga + deals + rig counts + upcoming events, appointments + REIT NEWS + ESG reports + financings + quotes + kudos

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

Insolvency/Workouts/Foreclosures:

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Services for Investors/Property Owners/ Buyers:

- due diligence

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- 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

+ to the Calgary TELUS Convention Centre; one of 57 facilities worldwide given the GBAC Star accreditation by the Global Biorisk Advisory Council

+ Most important things take a lot of time. Peerless quality. Relationship building. Developing people. Superb design. Excellence. – Tom Peters

+ Design is not just what it looks like and feels like. Design is how it works. – Steve Jobs

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 weekly newsletter

Est. July, 1999

+ Alberta COVID-19 stats: 265 deaths, 1,549 active cases of 17,749 cases to date: aggregate Alberta data – currently, 63 Albertans are in the hospital with COVID-19, and 15 of those are in intensive care units – it looks like the second-wave in Alberta is feared, as Ontario and Quebec are now experiencing a third-wave case spike …

+ 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’s TIER fund is now emptied$52.0 million into new emissions projects; now the entire $750.0 million invested for emission-reduction ventures

+ 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

+ A2A Rail project is getting some good press; the project, to take a rail line from northern Alberta to Alaskan tidewater is a very ambitious project; $22.0 billion freight/rail project is getting wind in its sails from Alberta Premier Kenny and U.S. President Trump saying approving words; Trump announced he will sign presidential border-crossing permit – so it seems all that’s left is regulatory processes in two countries and raising all that money …

+ Bird Construction Inc. completed its acquisition of Stuart Olson Inc.

+ Calfrac – the saga continues like a nighttime soap-opera miniseries: Calfrac are now proposing an Amended Recapitalization Transaction, a revised shareholder and noteholder meetings date with the inference that CCAA process will ensue if the transaction is not approved; in response, no surprise, a rebuttal from Wilks Brothers reiterating their proposal is best for shareholders, and heaping on with a Top Ten list – if you can’t get a chuckle or two out of this, then you need to get out more… tic toc

+ Calgary FALL 2020 – Calgary tenant’s (retail, office, industrial)  – please respond to our Lease Sentiment Survey

+ Canada’s parliament opening throne speech contained much to please the east, appease the NDP, and not one word about Alberta oil & gas … a telling sign of Alberta-unfriendly sentiment in the Prime Minister’s Office, which seems to disappoint all Albertans, and fuels anti-Ottawa sentiment and separatist rumblings; clearly Alberta needs a ‘made in Alberta’ solution to its problems – and that won’t come without costs for us all, but methinks we are up for that fight

+ Canada – U.S. border to remain closed to non-essential traffic until at least October 21^st

+ Canadian Association of Petroleum Producers (CAPP) released an IPSOS poll showing priorities; 44% say the economy is #1, 64% feel oil & natural gas are key to Canada’s recovery

+ Cequence Energy Ltd. completed its plan of compromise and arrangement; have emerged from CCAA proceedings – new board in place

+ Crown Capital Partners Inc. acquired Galaxy Broadband Communications Inc.

+ current energy prices; live link to current Bloomberg energy prices / OilPrice.com; crude back at US$40-ish/bbl, Armenia-Azerbaijan conflict unsettling traders, while optimism over a new U.S. stimulus package before Nov. 3^rd elections is buoying markets …

+ Devon Energy Corp. agreed to acquire WPX Energy Inc. for US$2.56 billion

+ Dye & Durham Limited agreed to acquire Property Information Exchange Ltd. for $53.0 million

+ Foothills Medical Centre postponing surgeries due to virus outbreak, 5 units impacted by COVID-19; 26 patients and 27 health care workers at Foothills have tested positive

+ GMP Capital Inc. and Richardson Financial Group Limited have reached a settlement agreement which will allow their consolidation transaction to go forward

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

+ Husky’s West White Rose offshore project remains idle; last week’s throne speech promise of $320.0 million in help from Ottawa hasn’t done the trick …

+ Inter Pipeline Ltd. agreed to sell a major portion of its European bulk liquid storage unit to CLH Group for $715.0 million

+ Inter Pipeline Ltd. agreed to acquire Milk River Pipeline System in a deal with Plains Midstream Canada ULC; Inter Pipeline gets $35.0 million, and 100 % of the Milk River System, while Plains gets 100% of Empress II straddle plant and 50% of Empress V straddle plant

+ Just Energy Group Inc. completed its recapitalization transaction and plan of arrangement

+ Keyera Corp. resumed stalled operations at its Wapiti Gas Plant; unplanned outage began August 17, 2020

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

+ Ranchman’s Cookhouse and Dancehall, the brainchild of its late founder Harris Dvorkin, long a fixture on Macleod Trail, will be no more; the building is still there, now for lease; BMO are in control and in the news this week as owners of ‘saddles and memorabilia on loan’ had a skirmish or two to get their gear back; word is the courts, the receiver, and or BMO relinquished claim on 50 years of accumulate rodeo cowboy gear

+ rig activity in Canada

+ rig counts (active/working) – U.S.: up 6 to 261 this week; Canada: up 7 to 71 this week; full breakdown

+ Rocky Mountain Motorsports Park ground-breaking – new racetrack project near Carstairs will have 3.5 km. track will have 16 corners and an overall 36 metre elevation change; fast cars will get the green flag in summer 2021

+ TMX Group Limited agreed to acquire AST Investor Services Inc. (Canada) from AST Trust Company (Canada) from Pacific Equity Partners for $165.0 million

+ Africa Energy Corp. is on the market to raise US$28.0 million in equity by private placement

+ Blackstone Real Estate Debt Strategies IV closed US$8.0 billion equity raise

+ CB2 Insights Inc. closed $5.138 million equity financing by private placement

+ Cielo Waste Solutions Corp. closed $1.619 million final tranche of an equity financing

+ Clearford Water Systems Inc. secured US$1.14 million in debt financings

+ Converge Technology Solutions Corp. is on the market to raise $30.03 million in equity

+ Dye & Durham Limited are on the market to raise $50.0 million in equity

+ Dye & Durham Limited secured $140.0 million revolving credit facility

+ Flagship Communities REIT is on the market to raise US$93.75 million in equity by IPO

+ Greenspace Brands Inc. secured $7.5 million in credit facilities

+ Hydro One Limited is on the market to raise $425.0 million in a debt financing

+ Marwest Apartment REIT closed $500,000.0 equity raise by IPO

+ Morguard Corporation closed $175.0 million sr. unsecured debt financing

+ Nuvei Corporation closed US$833.0 million equity financing by IPO

+ Siyata Mobile Inc. is on the market to raise US$12.6 million in equity by IPO

+ TD Bank Group closed US$500.0 million sustainability bond financing

+ Terra Nova Resources Inc. is on the market to raise $5.0 million in equity by private placement

+ Timia Capital Corp. is on the market to raise $10.0 million by a preferred share financing

+ Topaz Energy Corp. is on the market to raise $252.5 million in equity by IPO and a secondary offering

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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 …

+ 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

+ Oct. 16; Calfrac Well Services Ltd., Shareholders Meeting, Calgary

+ Oct. 16; Calfrac Well Services Ltd., Noteholders Meeting, Calgary

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

~

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

+ Bird Construction Inc. completed its acquisition of Stuart Olson Inc.

+ tunnel construction on Ottawa’s $4.7 billion western segment of Stage 2 LRT project has started

+ Bausch Health Companies Inc. published its 2019 Corporate Social Responsibility Report

+ BSR REIT acquired 276-door residential project in Dallas/Fort Worth, TX, for $51.8 million

+ Flagship Communities REIT is on the market to raise US$93.75 million in equity by IPO

+ Marwest Apartment REIT closed $500,000.0 equity raise by IPO

+ Summit Industrial Income REIT is acquiring 244,633 sq. ft. single-tenant warehousing and logistics facility in Vaughan, ON for $47.3 million

+ no more listings for 2020 – please send us your 2021 events

~

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