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Queen City Ex attendance down 25% from 2024, as REAL changes reporting practices

Queen City Ex attendance down 25% from 2024, as REAL changes reporting practices

CTV News12 hours ago
This year's Queen City Ex (QCX) wrapped up on Aug. 3, after five-days of rides, live entertainment and food. (Sierra D'Souza Butts/CTV News)
The Regina Exhibition Association Limited (REAL) has changed the way it records attendance — leading to reduced totals for this year's Queen City Ex (QCX).
According to REAL, the 2025 Queen City Exhibition welcomed just under 74,000 fairgoers this year – marking a decrease from last year's scanned attendance of 102,000.
'Scanned attendance offers a reliable and verifiable measure of how many people actually attended the event — unlike broader promotional estimates,' REAL CEO Rick Bennet said in the announcement.
In reference to the 'broader promotional estimates' — last year, REAL claimed that 262,720 people attended the Queen City Ex, which represents a margin of 160,720 attendees.
As for the decrease of the more than 25,000 scanned attendees from 2024 to 2025 — the organization said several factors fed into that result, such as the Saskatchewan Roughriders playing an away game, the timing of the Saskatchewan Day holiday, the pause of community activations such as the Kidway Morning, Newcomers Day, the 5K Midway Run, as well as a delayed start to ticket sales.
QCX event manager Cat Betker says advancements in technology are allowing the organization to be far more accurate in calculating attendance.
'It was a really common industry practice to kind of use this, almost like a multiplier … the technological systems have advanced so much that now we do have a really clear insight to how many people we have on property at any one time,' she explained.
'Whereas previously, if you didn't have [a] fancy, high tech, ticket scanning system or a way to control and manage people, you had to use these kinds of multipliers because that was your best estimate.'
REAL has made headlines in recent years and not always for the right reasons.
From the controversial Experience Regina tourism campaign to the removal of Tim Reid as president and CEO, to the organization's financial struggles — issues at REAL have been prevalent.
Betker says her colleagues are excited for the future and eager to put past troubles behind them.
'We've been through a couple of very tumultuous couple of years, and I think we're all ready for things to settle down a little bit and kind of just get back to business and do the things that we do so well,' she said.
'There's been a lot of a lot of noise and a lot of media and realistically, you know, we're just trying to be that anchor in the community that is continually focused on delivering things that support the people that need it.'
The 2026 Queen City Ex is slated to run from July 29 to Aug. 2.
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IT'S OFFICIAL CANADA - NESTEA® RTD IS HERE Français
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Cision Canada

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IT'S OFFICIAL CANADA - NESTEA® RTD IS HERE Français

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Mainstreet Delivers 15th Straight Quarter of Double-Digit Growth Amid Economic Uncertainty
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National Post

time23 minutes ago

  • National Post

Mainstreet Delivers 15th Straight Quarter of Double-Digit Growth Amid Economic Uncertainty

Article content CALGARY, Alberta — Mainstreet Equity Corp. (TSX: MEQ) today announced its 15th consecutive quarter of double-digit year-over-year growth, reinforcing the strength and resilience of its business model amidst ongoing global economic uncertainty. Funds from operations ('FFO') increased 10%, while net operating income ('NOI') increased 16% and rental revenues grew 10%. Same asset NOI rose 12% while revenues on a same-asset basis grew 6%. Operating margins increased from 63.9% in Q3 2024 to 67.5% in Q3 2025, and from 64.5% to 67.9% on the same asset properties over the same period. Article content 'Despite persistent uncertainty—from global trade disruptions to changing policies—Mainstreet has continued to perform and grow,' said Bob Dhillon, Founder and CEO of Mainstreet Equity Corp. 'Our long-standing strategy of acquiring and revitalizing undervalued and underperforming mid-market rental assets has created a consistent pattern of non-dilutive growth. While we kept our powder relatively dry in the first two quarters, MEQ is ready to unleash $815 million of liquidity to generate a new wave of counter-cyclical growth going into 2026. Our goal is to turn today's uncertainty into tomorrow's opportunity—just as we've done for the past 25 years.' Article content Article content The Mainstreet Mission: We believe the current operating environment, including continued uncertainty stemming from global trade, economic headwinds, and immigration policy, presents an opportunity for accelerated acquisitions throughout the end of the year and fiscal 2026, potentially paving the way for another new phase of counter-cyclical growth at Mainstreet. Article content As always, we remain passionately committed to our role as a crucial provider of quality, affordable homes for Canadians, offering renovated apartments and customer services at an average mid-market rental rate of $1250. Article content Key Metrics | Q3 2025 Performance Highlights Rental Revenue From operations Up 10% to $69.7 million (vs. $63.3 million in Q3 2024) From same asset properties Up 6% to $64.2 million (vs. $60.6 million in Q3 2024) Net Operating Income (NOI) From operations Up 16% to $47.0 million (vs. $40.5 million in Q3 2024) From same asset properties Up 12% to $43.6 million (vs. $39.1 million in Q3 2024) Funds from operations (FFO) 1 FFO-before current income tax Up 17% to $27.5 million (vs. $23.5 million in Q3 2024) FFO per basic share-before current income tax Up 17% to $2.95 (vs. $2.52 in Q3 2024) FFO-after current income tax Up 10% to $24.3 million (vs. $22.1 million in Q3 2024) FFO per basic share-after current income tax Up 10% to $2.61 (vs. $2.37 in Q3 2024) Operating Margin From operations 67.5% (vs. 63.9% in Q3 2024) From same asset properties 67.9% (vs. 64.5% in Q3 2024) Unstabilization rate 12% (providing potential for future NOI growth) Stabilized Units 434 properties (16,390 units, 12%) out of 482 properties (18,634 units) Net Profit Net profit per basic share Net profit of $46.6 million (vs. Net profit of $35.3 million in Q3 2024, including change in fair value of $29.6 million in Q3 2025 vs. $19.5 million in Q3 2024) Total Capital Expenditures $8.1 million (vs. $6.2 million in Q3 2024) Total Capital Expenditure (unstablized assets) $2.0 million (vs. $1.0 million in Q3 2024) Total Capital Expenditure (stablized assets) $6.1 million (vs. $5.3 million in Q3 2024) Vacancy rate From operations 5.0% (vs. 2.8% in Q3 2024) From same asset properties 4.9% (vs. 2.8% in Q3 2024) Vacancy rate as of August 7, 2025 4.4% excluding unrentable units Total Acquisition During Q3 2025 $15.5 million for 183 units (vs. $91.6 million for 632 units in Q3 2024) Subsequent to Q3 2025 87 unit ($14.9 million, $171,000 per suite) in Alberta and BC Total YTD Acquisition 2025 387 unit ($49.2 million) Total Units As of June 30, 2025 18,684 units 2 As of August 7, 2025 18,771 units 3 Fair Market Value Up 2% to $3.6 billion (vs. $3.4 billion in 2024) Liquidity Position FY2025 $815 million 4 (1) See 'Non-IFRS Measures' and Note (1) in MANAGEMENT'S DISCUSSION AND ANALYSIS to the table titled 'Summary of Financial Results' for additional information regarding FFO and a reconciliation of FFO to net profit, the most directly comparable IFRS measurement. 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Closing the NOI gap: As of Q3 2025, 12% of Mainstreet's portfolio was going through the stabilization process due largely to high levels of add-value acquisitions. Our management team believes vacancy rates, NOI and FFO will be meaningfully improved as we continue to stabilize units. In the BC market alone, we estimate that the potential upside based on an estimated average monthly mark-to-market gaps for NOI growth is approximately $28 million. Alberta and Saskatchewan markets also have substantial room for mark-to-market catch up. Article content 3. Creating value from existing footprints: We continue to explore opportunities to create larger returns from existing Mainstreet properties through municipalities that have eased zoning restrictions, through subdivisions and optimized residual space. The three-point plan to accomplish this is: Article content Turning unused or residual space within existing buildings into new units (YTD 55 additional units created) Exploring zoning and density relaxations to potentially build new capacity within existing footprint Subdividing residual lands which created more clear title assets on our balance sheet (See page 10 of Q3 2025 report for leger of developable vacant land) Article content 4. Buying back shares: Mainstreet is prepared to buy back shares under our existing NCIB on an opportunistic basis when Mainstreet shares are trading below NAV, to further increase shareholder value. Article content Forward-Looking Information Article content Certain statements contained herein constitute 'forward-looking statements' as such term is used in applicable Canadian securities laws. These statements relate to analysis and other information based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, statements concerning estimates related to future acquisitions, dispositions and capital expenditures, increase or reduction of vacancy rates, increase or decrease of rental rates and rental revenue, future income and profitability, timing of refinancing of debt and completion, timing and costs of renovations, increased or decreased funds from operations and cash flow, the Corporation's liquidity and financial capacity, improved rental conditions, future environmental impact the Corporation's goals and the steps it will take to achieve them the Corporation's anticipated funding sources to meet various operating and capital obligations and other factors and events described in this document should be viewed as forward-looking statements to the extent that they involve estimates thereof. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions of future events or performance (often, but not always, using such words or phrases as 'expects' or 'does not expect', 'is expected', 'anticipates' or 'does not anticipate', 'plans', 'estimates' or 'intends', or stating that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements. Article content Such forward-looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors, including those risks described in the Corporation's AIF, dated December 5, 2024 under the heading 'Risk Factors', that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the effect of inflation on consumers and tenants, the effect of rising mortgage and interest rates on the Corporation, including its financing costs, challenges related to up-financing maturing mortgages or financing of clear titled assets after stabilization, disruptions in global supply chains, labour shortages, the length and severity of geopolitical conflict and the occurrence of additional global turmoil and its effects on global markets and supply chains, changes in government policies regarding immigration and international students, cyber-incidents Corporation (including the effect of the cybersecurity incident which occurred on May 2, 2024), costs and timing of the development or renovation of existing properties, availability of capital to fund stabilization programs, other issues associated with the real estate industry including availability of labour and costs of renovations, supply chain issues, fluctuations in vacancy rates, general economic conditions, trade policies and tensions, including changes in, or the imposition of tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, competition for tenants, unoccupied units during renovations, rent control, fluctuations in utility and energy costs, carbon tax increases, environmental and other liabilities, effects of climate change, credit risks of tenants, availability of capital, changes in legislation and regulatory regime applicable to the corporation, loss of key personnel, a failure to realise the benefit of acquisitions and/or renovations, the effects of severe weather events on the Corporation's properties, climate change, public health measures (including travel and post-secondary restrictions), uninsured losses, fluctuations in the capital markets and the trading price of the Common Shares, conflicts of interest of the Corporation's directors and officers, and other such business risks as discussed herein. This is not an exhaustive list of the factors that may affect Mainstreet's forward-looking statements. Other risks and uncertainties not presently known to the Corporation could also cause actual results or events to differ materially from those expressed in its forward-looking statements. Article content Forward-looking statements are based on management's beliefs, estimates and opinions on the date the statements are made, and the Corporation undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions should change except as required by applicable securities laws. Article content Management closely monitors factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements and will update those forward-looking statements where appropriate in its annual and quarterly financial reports. Article content Certain information set out herein may be considered as 'financial outlook' within the meaning of applicable securities laws. The purpose of this financial outlook is to provide readers with disclosure regarding the Corporations reasonable expectations as to the anticipated results of its proposed business activities for the periods indicated. Readers are cautioned that the financial outlook may not be appropriate for other purposes. Article content Article content Article content Article content Article content Contacts Article content

Spanish Mountain Gold Announces Brokered Private Placement for up to $5,000,000
Spanish Mountain Gold Announces Brokered Private Placement for up to $5,000,000

National Post

time23 minutes ago

  • National Post

Spanish Mountain Gold Announces Brokered Private Placement for up to $5,000,000

Article content Not for distribution to United States Newswire Services or for dissemination in the United States Article content VANCOUVER, British Columbia — Spanish Mountain Gold Ltd. (the ' Company ' or ' Spanish Mountain Gold ') (TSX-V: SPA) (FSE: S3Y) (OTC: SPAUF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. (' Red Cloud ') to act as lead agent and sole bookrunner in connection with a 'best efforts' private placement (the ' Offering ') for aggregate gross proceeds of up to C$5,000,000 from the sale of the following: Article content Article content up to 20,689,655 units of the Company (each, a ' Unit ') at a price of C$0.145 per Unit, for gross proceeds of up to $3,000,000 from the sale of Units; and up to 12,121,212 flow-through share units of the Company (each, a ' FT Unit ', and together with the Units, the ' Offered Securities ') at a price of C$0.165 per FT Unit, for gross proceeds of up to $2,000,000 from the sale of FT Units. Article content Each Unit will be comprised of one (1) common share in the capital of the Company (each, a ' Common Share ') and one (1) Common Share purchase warrant (each, a ' Warrant '). Each Warrant will entitle the holder thereof to acquire one (1) additional Common Share (each, a ' Warrant Share ') at a price of C$0.22 per Warrant Share, for a period of 36 months from the Closing Date (as defined herein). Each FT Unit will be comprised of one (1) Common Share to be issued as a 'flow-through share' within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a ' FT Share ') and one-half of one Common Share purchase warrant (each whole warrant, a ' FT Unit Warrant '). Each FT Unit Warrant will entitle the holder thereof to acquire one (1) additional Common Share to be issued on a non-flow-through basis (a ' FT Unit Warrant Share ') at a price of C$0.22 per FT Unit Warrant Share, for a period of 36 months from the Closing Date. Article content The Company will grant to Red Cloud an option, exercisable in full or in part, up to 48 hours prior to Closing Date, to sell up to an additional C$1,000,000 of gross proceeds in any combination of the Offered Securities (the ' Agent's Option '). Article content Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 Prospectus Exemptions (' NI 45-106 '), the Units will be offered for sale to purchasers resident in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan (the ' Canadian Offering Jurisdictions '), pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ' Listed Issuer Financing Exemption '). The securities of the Company issuable from the sale of such Units will not be subject to a statutory hold period in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units may also be offered in the United States or to, or for the account or benefit of, U.S. persons, by way of private placement pursuant to the exemptions from the registration requirements provided for under the United States Securities Act of 1933, as amended (the ' U.S. Securities Act '), and in jurisdictions outside of Canada and the United States on a private placement or equivalent basis, in each case in accordance with all applicable laws, provided that no prospectus, registration statement or other similar document is required to be filed in such jurisdiction. All securities not issued pursuant to the Listed Issuer Financing Exemption will be subject to a restriction period of four (4) months following the Closing Date, in accordance with applicable Canadian securities legislation. Article content The FT Units will be offered by way of the 'accredited investor' and 'minimum amount investment' exemptions under NI 45-106 in the Canadian Offering Jurisdictions. The securities of the Company issuable from the sale of such FT Units will be subject to a restriction period of four (4) months following the Closing Date, in accordance with applicable Canadian securities legislation. Article content The Company intends to use the net proceeds from the Offering for exploration and development work at the Company's Spanish Mountain Gold Project in the Cariboo Gold Corridor in British Columbia as well as for working capital and general corporate purposes. Gross proceeds from the sale of FT Shares will be used to incur 'Canadian exploration expenses' as defined in subsection 66.1(6) of the Income Tax Act (Canada) and 'flow-through mining expenditures' as defined in subsection 127(9) of the Income Tax Act (Canada) (or would so qualify if the references to 'before 2026' in paragraph (a) of the definition of 'flow-through mining expenditure' in subsection 127(9) of the Tax Act were read as 'before 2027' and the references in paragraphs (c) and (d) of that definition to 'before April 2025' were read as 'before April 2026'). Such gross proceeds will be renounced to the purchasers of the FT Units with an effective date not later than December 31, 2025, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of the FT Shares. Article content The Offering is anticipated to close on or about August 27, 2025 or such other date as the Company and Red Cloud may agree (the ' Closing Date '). Completion of the Offering is subject to certain customary closing conditions including, but not limited to, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. Article content There is an offering document (the ' Offering Document ') related to the Offering that can be accessed under the Company's profile at and on the Company's website at Prospective investors should read this Offering Document before making an investment decision. Article content The securities referred to in this news release have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements. 'United States' and 'U.S. person' have the respective meanings assigned in Regulation S under the U.S Securities Act. Article content About Spanish Mountain Gold Ltd. Article content Spanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold Project (Project) towards construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. The Company will publish, within 45 days of the July 3, 2025 Preliminary Economic Assessment (PEA) news release, a new NI 43-101 Technical Report setting out the new executable vision to advance the Project. This new NI 43-101 Technical Report, with a de-risked and optimized PEA with an updated Mineral Resource Estimate (MRE), will supersede the prior technical report of the Company. Upon receipt of the new PEA and updated MRE, the Company will decide the next steps to advance the Project to position the Company to make a construction decision in or before 2027. We are striving to be a leader in community and Indigenous relations by leveraging technology and innovation to build the 'greenest' gold mine in Canada. The Relentless Pursuit for Better Gold means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities. Details of the Company are available on and on the Company's website: Article content Spanish Mountain Gold Ltd. Article content Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Article content When used in this press release, the words 'estimate', 'project', 'belief', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information (collectively referred to as 'forward-looking information'. Although the Company believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in forward-looking information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking information in this press release include, amongst others: the terms of the Offering, the anticipated closing date of the Offering, the ability of the Company to complete the Offering, the approval of the closing of the Offering by the TSX Venture Exchange, the issuance of the Offered Securities, the intended use of proceeds of the Offering and filing of the Offering Document. Such statements and information reflect the current view of the Company. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in the forward-looking information. Article content By their nature, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking information. Such factors include, among others: currency fluctuations; limited business history; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable). The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Article content The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of the Company as of the date of this press release and, accordingly, are subject to change after such date. The Company does not undertake to update this information at any particular time except as required in accordance with applicable laws. Article content Article content Article content Article content Contacts Article content For more information, contact: Article content Article content Article content

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