FACILITYCalgary

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FACILITYCalgary June28/22

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Mark Kolke talks with interesting Calgarians - to catch a glimpse of what drives them, about what they see . . .  
 
This week's conversation with Louise Gallagher, Sr. Communications Consultant, Calgary Homeless Foundation
 

 
Last week's conversation with Robert Hawkes, Partner at Jensen Shawa Solomon Duguid Hawkes LLP Barristers 
 
 



Mark Kolke's 2013 - Calgary office leasing market outlook



SHAKERS AND MOVERS

 

+ Badar Khan to Pres. & CEO @ Direct Energy replacing Chris Weston
+ Chris Fowler to Pres. & CEO @ Canadian Western Bank, replacing Larry Pollock who is retiring
+ Colin Gilligan to COO @ Coalspur Mines Limited
+ David Fitzpatrick to Interim CEO @ Lone Pine Resources Inc. , replacing David Anderson who was terminated
+ David Seymore to Senior Fellow, Municipal Governance @ The Manning Foundation for Democratic Education
+ Ehren Schroeder to Associate @ Linnell Taylor Lipman & Associates Ltd.
+ Sandra Hall to VP Business Development and Strategy @ IMV Projects
+ Suzanne Clarke to Associate @ Linnell Taylor Lipman & Associates Ltd.
+ Wendell Zerb to Pres. & CEO @ Exeter Resource Corporation
+ Winston Chow to Partner @ BDO
 
[send us your firm’s appointment notices to: http://kolke@facilitycalgary.com ]



FINANCINGS - proposed & closed

 

+ American Hotel Income Properties REIT LP closed $4.35 million over-allotment of its recent equity financing
+ BTB REIT closed $3 million over-allotment of its recent $20 million equity financing
+ CGX Energy Inc. closed $35 million common share and warrants issue
+ Emerald Bay Energy Inc. is on the market to raise $1 million in new equity
+ Genoil Inc. closed $200,180 equity financing
+ Industrial Alliance Insurance and Financial Services Inc. closed $237,375,000 equity financing
+ Lignol Energy Corporation closed $5 million credit facility
+ Marksmen Resources Ltd. is on the market to raise $2,250,000
+ Milestone Apartments REIT is on the market to raise $200 million in an IPO
+ Nordic Oil and Gas Ltd. is on the market to raise $500,000 in flow-through equity
+ Power Financial Corporation closed $300 million preferred share issue
+ Rogers Communications Inc. is on the market to raise US$1 billion in a debt financing
+ Shoreline Energy Corp. closed $3,961,482 equity financing
+ Starlight U.S. Mult-Family Core Fund is on the market to raise $37.5 million in an IPO
+ Sterling Resources Ltd. closed $37,500,000 tranche of its new equity financing
+ TransCanada Corporation closed $600 million preferred share issue



 SAVE THE DATE / upcoming events

 

 

+ Mar. 5; Alberta Legislature begins its spring sitting, Edmonton
+ Mar. 5; CCAT’s 3rd Annual Innovation Summit, Innovate Calgary
+ Mar. 12-13; 13th Annual Arctic Oil and Gas Symposium, Hyatt Regency, Calgary info/register
+ Mar. 26; Canada’s Energy Technology Blueprint Summit, TELUS Convention Centre info/register
+ Apr. 9; Vancouver Real Estate Forum, Vancouver Convention Centre West
+ Apr. 9 & 10; Calgary – Construction Financing Course, Mark Kolke Course Leader, 11 presenters -  info/register
+ Apr. 11, 2013 – Vancouver Real Estate Forum, Vancouver Convention Centre West, SAVE THE DATE
+ Apr. 16-17; PSAC Spring Conference, Sheraton Hotel, Red Deer info/register
+ Apr. 22; PTAC Tight Oil & Gas Forum, Calgary Petroleum Club, info/register
+ May 9; Edmonton Real Estaet Forum, Edmonton Convention Centre info/register
+ May 29; Calgary Real Estate Leasing Conference, Telus Convention Centre, Calgary info/register
+ May 29-31; Pathways 2 Sustainability Conference, Telus Spark Centre, Calgary info/register
 
[send us your event notices to:  kolke@facilitycalgary.com ]



 SHAREHOLDER MEETINGS

 

+ Mar. 11; Servus Credit Union, Annual General Meeting, Edmonton
+ Mar. 14; ShawCor Ltd.; Special Shareholders Meeting/restructuring, Toronto
+ Mar. 26; KEYreit, Special Meeting of Unitholders, Toronto
+ Apr. 23; Celistica Inc., Annual General Shareholders Meeting, Toronto
+ Apr. 23; Canadian National Railway Company, Annual General Meeting of Shareholders, Edmonton
 
[send us your event notices and AGM notices to:  kolke@facilitycalgary.com ]



FEEDBACK / COMMENTS

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Or, send an e-mail to:  feedback@facilitycalgary.com



 KUDOS

+ to RBC’s Children’s Mental Health Project … $250,000 donation to Calgary based Child Advocacy Centre


FACILITYCalgary
 published every Tuesday morning




NEWS TODAY 
 March 5 / 2013 


 

+ Alberta Legislature opens Spring Sitting today
+ Bank of Canada interest rate announcement tomorrow – March 6th
+ Birch Lake Energy Inc. intends to form a JV and business combination with Sundance Energy Corporation
+ current energy prices: live link to Bloomberg.com commodities data
+ Enbridge Energy Partners and Enbridge Income Fund completed their Bakken Pipeline Expansion Project that increased capacity to 145,000 barrels/day, of which 100,000 barrels/day is committed by shippers
+ First Capital Realty completed a joint acquisition of former Molson Brewery site in Edmonton with Sun Life Assurance Company; 14.3 acres for $32.3 million
+ Hess Corporation announced it will sell its retail, refining and processing business to shake up its business and stave off activist investors
+ NewNorth Projects Ltd. agreed to sell its interest in Kinniburgh South Limited Partnership for $3.5 million



 NEWS REVIEW 
 Feb. 26 - Mar. 4


 

+ Advantage Oil & Gas Ltd. engaged advisors to consider strategic alternatives to enhance and maximize value for shareholders
+ Celtic Exploration Ltd. closed its takeover arrangement that had ExxonMobil Canada Ltd. acquired all the shares of Celtic
+ CN and LBC Tank Terminals teamed up to increase northern Alberta crude oil shipments to the Gulf of Mexico coast, expanding Sunshine terminal in Geismar, LA
+ Desjardins Investments Inc. changed its name to Desjardins Global Real Estate Fund and adjusted its investment plans
+ Dixie Energy Trust and VisionSky Corp. completed their arrangement whereby Dixie acquired VisionSky
+ ExxonMobil Canada Ltd. sold 50% interest in Celtic Exploration Ltd. to Imperial Oil Limited
+ Homburg International Group closed sale of Homburg Insurance Company Limited
+ Homburg Invest Inc. secured an extension of its CCAA protection to April 26, 2013
+ Huntingdon Capital Corp. is amending its takeover bid for KEYreit to $99 million; KEYreit urging unitholders not to accept . . . stay tuned
+ Olympia Trust Company expanding, got authority to operate in Nova Scotia, applied for license in New Brunswick
+ Pacific Rubiales Energy Corp. agreed to invest $35 million to acquire control of CGX Energy Inc.
+ PIMCO published a report on Global Volatility
+ Royal Dutch Shell PLC cancelled its 2013 Arctic/Alaska offshore drilling program due to equipment issues . . . without commenting on price ??
+ Shaw Communications are renovating and expanding Shaw Court – 2 tower development will be 540,000 sq. ft. office/residential development across the street
+ Temple Hotels Inc. agreed to acquire three Nova Scotia hotels, $87.5 million
+ Terra Energy Corp. closed a sale of an additional $20 million in Montney assets to Crew Energy Inc.
+ Toscana Energy Income Corporation agreed to acquire $12 million in light crude oil production
+ TransCanada Corporation got encouragement for its Keystone XL Pipeline – U.S. Department of State released its Draft Supplemental Environmental Impact Statement, one more step in the approval process . . .
+ True North REIT closed acquisition of four multi-family properties in Ontario for $25.7 million
+ University of Calgary School of Public Policy published a paper suggesting a 10 yr. plan for Alberta to eliminate dependence on resource revenues



 INFRASTRUCTURE / P3 / GREEN


+ ENMAX Corporation closed Capital Power Corporation's purchase of an initial 25% interest in a JV to build and operate the Shepard Energy Centre (800MW natural gas fired electricity generation facility to open first quarter 2015). Capital Power and ENMAX agreed to financially close the second 25% tranche no later than first quarter of 2014


+ Alberta Government announced plans for a new $1.3 billion southern Alberta Cancer Center for Calgary to replace the Tom Baker Center as a joint adventure with the Alberta Cancer Foundation; to be built on Foothills Medical Centre grounds in 2015/16; probably a P3 (Public Private Partnership) because the province has committed $181 million while it struggles with a large deficit. Alberta Cancer Foundation has committed to raising $200 million . . .


+ Alderman Shane Keating is proposing a new funding scheme to accelerate construction of the SouthEast LRT line . . . with little hope – but, it is an election year! I suppose he is seeking re-election


+ St. Patrick’s Island bridge ($25 million – opening in October/2013) under construction as part of island redevelopment – on time, on schedule – full design details of the $45 million master plan to be made public by mid-March


+ Mayor Nenshi making peace Canadian Home Builders Association’s Calgary Pres. – war of words may be over . . . stay tuned




 QUOTES

“It is a sad thing when men have neither the wit to speak well nor the judgment to hold their tongues.” – Jean de la Bruyere


“Self-esteem isn’t everything; it’s just that there’s nothing without it.” – Gloria Steinem


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FACILITYCalgary - Calgary oil & gas, business and real estate NEWS, Mark Kolke (Editor) - President, MaxComm Realty Advisors - Calgary office leasing, Calgary industrial leasing, P3 Public Private Partnerships - MaxComm Communications Publisher

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