ATB

Nanalysis Enters into New Credit Facility with ATB Financial

Retrieved on: 
Friday, June 30, 2023
NSCI, Borrowing base, TSX Venture Exchange, ATB Financial, NMR, Credit agreements in South Africa, AB, Primary Dealer Credit Facility, Research, FRA, The Company, MRI, OTCQX, Warrant, Growth, ATB, Letter, Credit, Security (finance), Nanalysis

Furthermore, with ATB Financial's approval, the Company could obtain up to an additional $5 million incremental term loan.

Key Points: 
  • Furthermore, with ATB Financial's approval, the Company could obtain up to an additional $5 million incremental term loan.
  • The new Credit Facilities are expected to provide improved financial flexibility to help the Company manage its operations, implementation of contracts, and future growth.
  • The Credit Facilities will be secured by, inter alia, a general security agreement over the property of Nanalysis and certain of its subsidiaries.
  • In connection with the Credit Agreement, the Company has granted 500,000 common share purchase warrants to ATB Financial (the "Warrants").

ATB Capital Markets Acts as Co-lead for Verses AI's Financing of up to C$13 Million

Retrieved on: 
Monday, June 26, 2023
Artificial intelligence, ATB, AB, AI, Human, Intelligence, Brain, Nature, Capital market, CBOE, Medical device

VERSES is a cognitive computing company specializing in next-generation Artificial Intelligence.

Key Points: 
  • VERSES is a cognitive computing company specializing in next-generation Artificial Intelligence.
  • Built on open standards, KOSM transforms disparate data into knowledge models that foster trustworthy collaboration between humans, machines, and AI, across digital and physical domains.
  • ATB Capital Markets recognizes the potential of this technology and the revolutionary approach taken by Verses AI," said Darren Eurich, CEO of ATB Capital Markets.
  • ATB Capital Markets is pleased to act as the co-lead agent, providing capital investment, strategic advice and business support."

Harvest Venture Builder Expands Leadership Team With The Launch Of Its New Climate And Energy AI Vertical

Retrieved on: 
Tuesday, June 20, 2023
Technology, Alternative Energy, Energy, Artificial Intelligence, Insurance, Climate, Electron capture, Greengate Power Corporation, Metromile, Intelligence, Innovation, Wind, Lemonade, Machine learning, TC Energy, ATB, Ecosystem, AI, Woman, Oil, Renewable energy

Harvest Venture Builders , a not-for-profit early-stage venture studio, is proud to announce the launch of its new global climate and energy vertical, and expansion of its leadership team with proven energy and AI technology experts.

Key Points: 
  • Harvest Venture Builders , a not-for-profit early-stage venture studio, is proud to announce the launch of its new global climate and energy vertical, and expansion of its leadership team with proven energy and AI technology experts.
  • This ecosystem will provide the framework for Calgary, Alberta, a world leader in energy technology, to emerge as the global hub for Energy AI.
  • Leading this new vertical are Dan Chapman, Head of Climate and Energy, and Tevi Legge, Head of Innovation.
  • Further supporting the climate and energy vertical, Harvest is welcoming three leading industry minds across AI and energy.

From recovery to expansion: Alberta's economy pushes forward through headwinds

Retrieved on: 
Thursday, June 8, 2023
ATB Financial, Trans Mountain pipeline, Wildfire, Agriculture, St. Louis Fed Financial Stress Index, AB, Fire, Bank, GDP, Growth, ATB, Transport, Population growth, Oil, Wood buffalo

Last year marked a significant milestone as real GDP fully recovered from 2014 levels and the economy moved into expansion.

Key Points: 
  • Last year marked a significant milestone as real GDP fully recovered from 2014 levels and the economy moved into expansion.
  • The slowdown reflects a softer global backdrop, a pullback in commodity prices, and rising interest rates.
  • "Despite the positive expansion of Alberta's economy, it cannot avoid the challenges of inflation and rising interest rates", said ATB Financial's Chief Economist, Mark Parsons.
  • ATB's latest economic forecast outlines the challenges facing the province and the key areas boosting Alberta's economy.

New Tims Credit Card Offers Quicker Ways to Earn More Free Coffee, Beverages and Food

Retrieved on: 
Wednesday, June 7, 2023
Mastercard, Food, Drink, Student, Senior, Costco, Final good, ATB Financial, Credit card, Walmart, Restaurant, TIMS, ATB, Digital, Tim Hortons, Online shopping

The Tims® Credit Card is a Mastercard® with no annual fee1 and designed to offer quicker ways to earn Tims Rewards Points to redeem for more free coffee, beverages and food at Tim Hortons.

Key Points: 
  • The Tims® Credit Card is a Mastercard® with no annual fee1 and designed to offer quicker ways to earn Tims Rewards Points to redeem for more free coffee, beverages and food at Tim Hortons.
  • Students, newcomers, and others with limited or no credit history will be offered a version of the Tims Credit Card that will earn Tims Rewards Points and may help build their credit4.
  • "We have designed the most attractive credit card for Canadians that love Tim Hortons and want the opportunity to earn even more free coffee, beverages and food.
  • 1 The Purchase Credit Rate on the Tims® Credit Card is 20.99%-25.99% and the Cash Advance Rate is 22.99%-27.99%.

Media Advisory: ATB Financial to release year end results

Retrieved on: 
Monday, June 5, 2023
European Business Summit, ATB, AB, ATB Financial, Interview, News

A news release with a hyperlink to the results will be distributed through this channel on June 6, 2023.

Key Points: 
  • A news release with a hyperlink to the results will be distributed through this channel on June 6, 2023.
  • ATB will also host its annual business summit for industry experts, businesses and community leaders on June 6, 2023.
  • Curtis Stange, ATB Financial's President & CEO will be available for media interviews relating to the year end results June 6, 2023 from 11:00 am to 12:00 pm in 15-minute interval slots.
  • Chris Turchansky, Group Head ATB Business will be available for media interviews relating to the Business Summit June 6, 2023 from 1:00 pm to 2:00 pm in 15-minute interval slots.

Recreation.gov Announces 2023 "Share Your Story" Writing Contest for Outdoor Explorers

Retrieved on: 
Thursday, June 1, 2023
Prize, Beautiful, United States Army Corps of Engineers, National park, Administrator, Recreation.gov, Corps, Category, Old, National archives, Creativity, Bureau of Land Management, United States Forest Service, Pass, United States Bureau of Reclamation, National Park Service, Transit, United States Fish and Wildlife Service, Contest, ATB, Travel, Family, Entertainment, Auction

DENVER, June 1, 2023 /PRNewswire/ -- Today, Recreation.gov launched its third annual "Share Your Story" adventure writing contest, inviting adventurists of America's federal public lands and waters to submit stories detailing their experiences exploring the great outdoors. Experiences must have taken place between January 1 and September 30, 2023. Visitors can submit stories from now until September 30, 2023, for a chance to win great outdoor adventure prizes and have their story featured on Recreation.gov.

Key Points: 
  • Visitors can submit stories from now until September 30, 2023, for a chance to win great outdoor adventure prizes and have their story featured on Recreation.gov.
  • The platform has grown into the one-stop resource for the public to discover, reserve, and experience federal recreation destinations.
  • "We debuted the 'Share Your Story' contest in the summer of 2021 for outdoor visitors to submit their treasured experiences at public lands across the country," said Rick DeLappe, Recreation.gov Program Manager.
  • The contest promotion period to submit stories will conclude on September 30, 2023.

mCloud Provides Update from Special Committee Exploring Strategic Alternatives

Retrieved on: 
Tuesday, May 23, 2023
Cloud, Philippine House Special Committee on Strategic Intelligence, Maxim, Committee, Acquisition, Nature, SAN, Google Cloud, SIOS Technology Corp., ATB, Jennifer McLoud-Mann, Google Earth, Cryptocurrency

On March 29, 2023, mCloud announced it had formed a special committee comprising independent members of mCloud's Board of Directors (the "Special Committee") for the purposes of exploring strategic alternatives to maximize shareholder value, including retaining ATB Capital Markets Inc. ("ATB") and Maxim Group LLC ("Maxim") as financial advisors.

Key Points: 
  • On March 29, 2023, mCloud announced it had formed a special committee comprising independent members of mCloud's Board of Directors (the "Special Committee") for the purposes of exploring strategic alternatives to maximize shareholder value, including retaining ATB Capital Markets Inc. ("ATB") and Maxim Group LLC ("Maxim") as financial advisors.
  • Since this announcement, the Special Committee has worked diligently with the support of ATB and Maxim to evaluate a variety of options.
  • Over the past several weeks, the Special Committee has narrowed its efforts toward a transaction that would result in the acquisition of the Company by a strategic partner.
  • These technologies contribute strongly to the Company's differentiation and continue to create strategic avenues for mCloud to deliver sustainability applications to energy-intensive enterprise customers worldwide.

Customers Take Center Stage: Betterworks Honors Five Companies for Innovation in Performance Management

Retrieved on: 
Thursday, May 4, 2023
Software, Technology, Professional Services, Human Resources, Learning, Communication, Partnership, University, Peer feedback, Impact, Calibration, Culture, Dräxlmaier Group, Feedback, Best Western, Posadas, University of Phoenix, Careers New Zealand, Organization, OKR, ATB Financial, Student, Hospital, Amwell, Patient, HR, Growth, ATB, Management, Tourism, Nursing, Customer service, Love

Betterworks, the leader in modern performance management, announced its 2023 Customer Award winners — recognizing five companies for their outstanding achievements over the last year in driving better performance and empowering their people at work.

Key Points: 
  • Betterworks, the leader in modern performance management, announced its 2023 Customer Award winners — recognizing five companies for their outstanding achievements over the last year in driving better performance and empowering their people at work.
  • “Our customers help drive everything we do at Betterworks,” said Betterworks Chief Operating Officer Andrea Lagan.
  • Its technology management division partnered with Betterworks for a pilot in 2018 to develop a fluid goal-setting process.
  • The Amwell team has driven growth in collaboration with Betterworks by blending effective OKRs with a performance management program that includes one-on-one conversations, feedback, and ratings.

Alberta election: Is the province's energy regulator acting in the public interest?

Retrieved on: 
Wednesday, May 3, 2023
Imperial Oil, Industry, Sequoia, Commons, National Observer, Perpetual, Tax, Ministry of Energy (Alberta), Smith, Imperial, Energy, House of Commons, Supreme, RMA, Embarrassment, Government, Sale, Observational comedy, ATB Financial, Park, AER, Climate change, Soil, PWC, Supreme court, Alberta Energy Regulator, First Nations, Program, ATB, Environment, Federation, Citizens for Responsible Energy Solutions, House, Bankruptcy, Risk management, Security (finance), Environmental remediation, Oil, Life insurance, Bank, Airline, Tobacco, Accounting, Credit, Mark (given name)

As a political scientist with a public finance background, I have been studying the impact that environmental contamination can have on government finances.

Key Points: 
  • As a political scientist with a public finance background, I have been studying the impact that environmental contamination can have on government finances.
  • Environmental liabilities are the future costs assumed by licensed oil and gas companies to remediate the extraction site to its previous state.

Reclamation

    • What’s known as the “polluter pay” principle in Alberta law requires all licensed and operational oil and gas companies to adhere to the remediation and reclamation practices of the Alberta Energy Regulator (AER).
    • Since 2015, financial hardship has resulted in a number of court decisions with significant ramifications for those who could ultimately be stuck with the reclamation bill — taxpayers rather than company shareholders.
    • Financial security is defined as cash or letters of credit that ensure funds are available to the regulator for reclamation costs if companies go bankrupt and fail to meet their obligations.

Two key court cases

    • The first court case on this issue began in May 2015 after ATB Financial, an arm of the Alberta government, pushed Redwater Resources into bankruptcy.
    • Taking such action is always a last resort for a creditor, especially for a public institution like ATB.
    • When the case made it to the Supreme Court of Canada, the polluter pay principal was upheld.

Unpaid municipal taxes

    • Rural Municipalities of Alberta (RMA) says that as of December 2021, $253 million in unpaid taxes had accrued.
    • The RMA is particularly galled that the provincial government allowed companies to avoid municipal taxes on new wells drilled until 2025.
    • Furthermore, it would only apply to 41 per cent of unpaid taxes owed by companies that are currently operating.

Smith’s royalty lobbying

    • Smith’s support of the oil industry’s efforts to receive royalty payment breaks, meanwhile, is an embarrassment to the sector.
    • The premier’s proposed royalty deferral program, RStar, was previously rejected by then Energy Minister Sonya Savage, who was soon moved to the Environment and Parks department.

Kearl Lake spill


    Recently a toxic spill at Imperial Oil’s Kearl Lake oilsands mine has led to a House of Commons environment committee inquiry. The AER and Imperial Oil failed to notify affected First Nations or the federal government. Heartbreaking testimony from First Nations and evasive testimony from chief executives of both Imperial Oil and the AER reveal continuing indifference to the environment.

A tool of the industry

    • All of these developments suggest the Alberta Energy Regulator is controlled by the industry and has lost the public’s trust, particularly First Nations.
    • A powerful book, Hidden Scourge by ecologist Kevin Timoney calls for a dismantling of the regulator, given it apparently acts on behalf of the industry and not the public.