Alberta
Province twinning David Thompson Highway (#11) from Sylvan Lake to Rocky Mountain House

From the Province of AlbertaImproving David Thompson Highway and creating jobsThe Government of Alberta will twin a 66-kilometre stretch of the David Thompson Highway between Sylvan Lake and Rocky Mountain House.This $120-million project is part of Alberta’s Recovery Plan and will create about 582 jobs, while upgrading the highway and improving traffic flow along this important recreation corridor.
The David Thompson Highway project is part of the more than $10 billion infrastructure spending announced as part of Alberta’s Recovery Plan. This spending includes: $6.9 billion Budget 2020 capital spending, $980 million accelerated for Capital Maintenance and Renewal, $200 million for Strategic Transportation Infrastructure Program and water infrastructure projects, $600 million in strategic infrastructure projects, $500 million in municipal infrastructure and $1.5 billion for Keystone XL.
Alberta’s government is helping create more than 50,000 good jobs for Albertans by building schools, roads and other core infrastructure that benefits Albertans and communities. It will further diversify our economy by helping sectors grow and succeed and return investment to our province by ensuring we have the most competitive tax environment in Canada Quick facts
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Alberta
“With success comes challenge.” Premier Smith to Alberta Municipalities

Premier Danielle Smith delivered a keynote address at the 2023 Alberta Municipalities Convention in Edmonton.
Alberta
Aurora Cannabis to raise $33.8M in share offering, plans to repay convertible debt

EDMONTON — Shares of Aurora Cannabis Inc. were down more than 10 per cent after the cannabis company announced plans to raise $33.8 million in a share offering.
The company says Canaccord Genuity has agreed to buy, on a bought deal basis, 46,250,000 shares of the company at a price of 73 cents per share.
It has also granted Canaccord Genuity an over-allotment option for up to an additional 6,937,500 shares on the same terms. If the over-allotment option is exercised in full, the offering will total $38.8 million.
Aurora says it plans to use the money raised to repay the remainder of its outstanding convertible senior notes at or prior to maturity.
The company says the remainder, if any, will be used for strategic purposes, including potential acquisitions.
Aurora’s stock price was down 13 per cent at 79 cents per share in early trading on the Toronto Stock Exchange.
This report by The Canadian Press was first published Sept. 28, 2023.
Companies in this story: (TSX:ACB)
The Canadian Press
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