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Alberta

Lake Louise RCMP respond to a possible drowning – Update 2

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Sept. 21, 2020

Lake Louise RCMP respond to a possible drowning – Update 2

Lake Louise, Alta. – On Sept. 20, 2020, a deceased adult male body was recovered by Rocky Mountain House RCMP and Alberta Conservation officers on a small remote island west of Abraham Lake.

RCMP have confirmed the deceased is the 23-year-old male from Calgary that fell into the North Saskatchewan River along Glacier Lake trail in Banff National Park and was swept away on July 25, 2020.

The name of the deceased will not be released and no further updates are anticipated.

Our thoughts continue to be with the family at this time.

Background:

July 28, 2020

Lake Louise RCMP respond to a possible drowning – Update

Lake Louise, Alta. – Today at 11:00 am MT, Parks Canada and Lake Louise RCMP will hold a joint teleconference to provide an update on the ongoing search and recovery operation on the North Saskatchewan River in Banff National Park.

A statement will be provided by the Parks Canada Incident Commander, followed by a question and answer period.

Background:

July 26, 2020

Lake Louise RCMP respond to a possible drowning

Lake Louise, Alta. – On July 25, 2020 at approximately 7:00 p.m., Lake Louise RCMP, along with Parks Canada and the Lake Louise Fire Department, responded to a report of an adult male that fell into the North Saskatchewan River along the Glacier Lake trail in Banff National Park and was swept away.

The male along with two others stopped for photos beside the river while hiking when the incident occurred.

The male has not been located. Parks Canada Visitor Safety specialists are working closely with the Lake Louise RCMP to conduct a search and rescue operation. The search operation has been ongoing since last night.

An update will be provided when more information is available.

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Alberta

Aurora Cannabis shares fall 40% after share sale amendment

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EDMONTON — Aurora Cannabis Inc.’s share price fell by about 40 per cent, after the company announced it sold US$150 million worth of shares.

The Edmonton marijuana company’s share price was $3.47 when trading ended Thursday, but by mid-morning Friday, had fallen to $2.07 and closed at $2.14.

The sale of shares was part of an amendment Aurora made to a previously announced bought deal financing.

The amendment made it possible for a syndicate of underwriters led by Canaccord Genuity and BMO Capital Markets to purchase 61.2 million Aurora units for US$2.45 each.

Each unit is comprised of one common share in Aurora and one common share purchase warrant, which can be used to acquire one common share for US$3.20 each in the next 36 months.

Aurora has yet to record a profit and in recent years has been trying to drive revenues by better aligning supply with demand, laying off staff and closing facilities.

This report by The Canadian Press was first published May 27, 2022.

The Canadian Press

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Alberta

Analysts say natural gas could go even higher after breaking 14-year record this week

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CALGARY — The price of natural gas hit heights not seen since 2008 this week and analysts say it could go even higher this summer.

The U.S. benchmark natural gas price hit is currently trading at around US$8.60 per million British thermal units, or MMBtu. It surged to over $9 earlier in the week.

Analysts say the price could break $10 this summer due to low inventories and global concerns about energy security.

Summer heat waves could also push prices higher by driving up electricity demand.

The surging prices are good news for Western Canada, where the country’s natural gas production is concentrated.

But an industry group says labour shortages remain an ongoing challenge for drillers.

This report by The Canadian Press was first published May 27, 2022.

The Canadian Press

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