From the Province of Alberta
Improving David Thompson Highway and creating jobs
The 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
Winnipeg prize of $495,900 for EE Football Club’s Joey Moss 50/50 draw claimed
EDMONTON — The winning ticket for a record-breaking 50/50 raffle held by the CFL’s EE Football Team has been claimed.
The team said in a release Monday that John Groff of Edmonton is taking home the winner’s prize of $495,900 for the draw, which was held in honour of former EE Football Team and Edmonton Oilers locker-room attendant Joey Moss.
The draw, which closed at $991,800 on Sunday, broke a record set by the team during a July 2017 game against the Ottawa Redblacks where $871,839 was raised.
The remainder of the pot, minus administration fees, will go toward the Joey Moss Memorial Fund created by the Winnifred Stewart Association, a group that empowers people with disabilities.
Moss, who was born with Down syndrome, passed away at the age of 57 this past October. No cause of death was given.
He first became an attendant with the Oilers in 1984 before joining the Edmonton Football Team two years later, holding both positions for over 30 years.
Moss was a favourite in Edmonton among fans and players. He was later given a Queen Elizabeth II Diamond Jubilee medal for his contributions and achievements in 2012 and was later inducted into the Alberta Sports Hall of Fame in 2015.
This report by The Canadian Press was first published Nov. 23, 2020
The Canadian Press
Obsidian Energy shareholders approve stock issuance in pursuit of Bonterra takeover
CALGARY — Obsidian Energy Ltd. says shareholders have voted to approve its proposal to issue up to 72.3 million shares to buy Bonterra Energy Corp. in a hostile takeover.
The Calgary-based oil and gas producer says 91.4 per cent of the shares represented at a special meeting on Monday were voted in favour of the deal announced in August, but strongly resisted since by the takeover target.
Last week, shareholder advisory firm Glass Lewis recommended investors support management in pursuing Bonterra because it would create a company with a stronger balance sheet and the ability to grow through acquisitions.
But it added in a report the deal has “almost no practical likelihood of being successful” because of opposition by the Bonterra board and from more than 30 per cent of Bonterra shareholders.
The takeover, first proposed in August, is open until Jan. 4 and offers two Obsidian shares for each Bonterra share. It requires approval by holders of more than two-thirds of Bonterra’s stock to be successful.
On Monday, Bonterra shares closed at $1.68, more than three times the closing stock price of 50 cents for Obsidian.
Bonterra has dubbed the Obsidian offer a “take-under bid” based on relative stock prices.
This report by The Canadian Press was first published Nov. 23, 2020.
Companies in this story: (TSX:BNE, TSX:OBE)
The Canadian Press
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