Kindersley servicing company goes public
Transcription
Kindersley servicing company goes public
W ES T C EN TR A X PM#40007155 SARAH MACMILLAN of The Crossroads Proud to serve West Central Saskatchewan and East Central Alberta ROADS L Volume 36 • Issue 40 • Friday, October 4, 2013 TRYING TO SELL YOUR HOME? Let the PROFESSIONALS do the WORK for YOU! Wheat Country #1 West Road Kindersley www.royallepage.ca/kindersley 306-463-1766 Returning from Russia Agnes Spicer was a well known figure in Netherhill with a hidden past, a past that involved belonging to the Soviet Red Army, being a slave to Hitler and missing for 1,000 days during the Second World War, but daughter Roxana Spicer is trying to reveal this secret past through her documentary. And in order to get to the truth, Roxana went back to her mother’s roots, Russia. Roxana, along with her one camera person, spent 14 days in Russia filming the landscape that Agnes once called home and interviewing the people who could give Roxana insight into her mother’s past. “It was a very intense trip,” said Roxana. During the trip Roxana had to balance being a journalist with being part of the family, as she interviewed family members for the film. “I had to find a balance between getting the story and being a pest,” said Roxana, her family weary of the film and guarded over what happened during the Second World War. “They are of the mind some things are better left unsaid, better unexplored,” she said, one topic being the arrest of Roxana’s grandmother, who was labeled a traitor of the Soviet Union and imprisoned in a Gulag, not to be released until the beginning of the Second World War. Gulags were the Soviet Union’s labour camps, detention and transit camps and prisons that housed prisoners between the 1920’s and 1950’s. Many of the camps were corrective labour colonies which had prisoners felling timber and doing general construction, the people working in conditions with inadequate food, long hours and a harsh climate. The Gulags held criminals as well as political prisoners, those labeled as traitors of the Soviet Union. “In a way, the traitor’s daughter is not only myself but also my mother,” said Roxana. Agnes did not discover what had happened to her mother until she returned to Russia for the first time in 1992. “Keeping secrets in the Soviet Union could mean the difference between staying alive or not,” said Roxana, and though the cities have changed, modernized, she says the attitudes in rural Russia have remained the same. One of the reasons Roxana went to Russia was to interview the person she refers to as ‘the last witness,’ her 88-year-old aunt Nela. Roxana interviewed Nela for 10 to 15 minutes a day for a period of eight to nine days, sometimes getting 30 seconds worth of material she could use, other times getting two to three minutes of usable footage “It was tricky,” Roxana said, interviewing her aunt. “I just had to be very respectful.” Roxana says that her aunt has forgotten some of the story details she was able to recall years ago. “But that’s the nature of doing this type of documentary,” said Roxana. Roxana also interviewed her cousin Lena, who acted as the gatekeeper of the family information, notifying Roxana when she had pushed a topic too far. “I had to respect the boundaries that I sensed they put in place,” said Roxana. In total, Roxana, her camera person and an interpreter spent 10 days in the Ural Mountains, near the border of Siberia. To get to Chusovoy, her mother’s hometown in the mountains, Roxana flew from Moscow to Perm and then took a bus through the country side. “Once you’re there you feel like Alice in Wonderland,” said Roxana. “It’s a completely different place.” During her 10 days, in addition to interviewing family, she also visited nearby historical and geographical sites including the last Gulag, Perm 36, the concrete buildings of the camp, which was established in 1946 as a logging camp, still standing. “It’s actually the very last physical structure of that very evil,” said Roxana. The crew was able to tour the prison cells, which once housed approximately 2,000 prisoners who were made up of doctors, intellectuals, and others. “That was quite an extraordinary day,” said Roxana. Part of the footage shot at the Gulag will be used for a Remembrance Day program Roxana is writing and creating for Global TV. While in the Ural Mountains Roxana and her crew also visited the stone city, which is not an actual city but a geological formation where pathways have been carved out of deep, solid stone structures, and spent a day along the river banks. “We had a chance to really enjoy the landscape,” said Roxana, describing the rugged landscape as being similar to Northern B.C. “The physical landscape says something about the people who live there and thrive there.” Though she says the landscape is beautiful, it also has a haunted feeling because of its dark history. She is hoping to have captured that in her footage. Prior to arriving in the Ural Mountains and two days before her departure from the country Roxana also filmed Moscow, planning to use the footage to show the difference between the city and the rural areas. During the day they filmed ancient cathe- ROXANA SPICER FOR THE CROSSROADS Top left: Film maker Roxana Spicer poses near an original Soviet Union era building during her recent trip to Russia. Above: Roxana in Moscow, standing before the building where she was doing archival research on forced labor camps. Bottom Left: Agnes Spicer with sister Nela during Agnes’s visit to Russia in 1992. drals and the Stalin era subway system, she also re-interviewed historical expert, Irina Sherbakova who had originally broke the news to Roxana that Agnes was quite likely in Auschwitz. “I had to go back and talk to her about that again,” said Roxana At night Roxana filmed the city, including the Red Square at midnight. “It’s a city that’s so dramatic at night time,” said Roxana. “You feel like you’re on another planet.” Roxana returned from her Russian film shoot and search in August, immediately going to work in the edit suite, putting together scenes. Originally Roxana was planning on hosting a screening of some of the Russian footage as well as three documentary trail- ers during the weekend of Goose Festival in Kindersley, hoping to show supporters what their support has helped to create. Since beginning her project Roxana has received letters, phone calls and emails from people across the country voicing their support and giving her encouragement. She says just knowing that people are interested and intrigued by the story gives her motivation, and through the screening she wanted to acknowledge that she was doing something with all that energy. “I want them to feel like they’ve got a front row seat on a project that’s really exciting,” said Roxana. However, when Roxana returned to the edit suite and began going over the material, she found that her material was multilayered. “I didn’t think the material was going to be as complex as it was,” Roxana said. As she was sitting in the edit suite, Roxana began to notice things she had not seen during the filming, items that changed the direction of a scene. While filming Roxana said she had the camera acting as a silent partner. Instead of staging a scene she waited to see what would unfold before her. This technique lead to approximately six different dramatic moments she noticed at the time of filming, one which took place outside the house Agnes was born in. “Something happened in front of the house that completely surprised me,” said Roxana. The daughter of a woman who had grown up with Agnes approached while they were filming. The neighbour also gave Roxana a new lead on her mother, one that she is following up on. “As a film maker you want to be really open and responsive to what your material is,” she said. To help edit the documentary Roxana has entered into a creative partnership with documentary film maker and editor, Michele Hozer, who has won two Gemini Awards and a film which she co-directed was short listed for an Oscar. Roxana and Hozer have worked together previously, doing a film about the only homosexual high school in Canada called “Class Queens,” for CBC as well as a show called “Building for Disaster” which was part of a series on Discovery Channel called Frontiers of Construction. See more ‘Russian return’ cont’d on Page 5 Kindersley servicing company goes public KENNETH BROWN of The Crossroad Good to Go Rentals Ltd. and Neigum Hot Oilers Ltd. of Kindersley have been purchased by a group of investors and the new operation would enter the realm of publicly traded entities. The qualifying transaction by DevCorp Capital Inc. (TSX VENTURE:DCC.P) of Good to Go Rentals Ltd. and Neigum Hot Oilers Ltd. was announced back in June and the company announced on Sept. 3 that it has completed a previously announced private placement, or offering, of 50 million subscription receipts at 20 cents each for a total of $10 million of aggregate gross proceeds. Good to Go Rentals, an oilfield rental and servicing company, and Neigum Hot Oilers, otherwise known as Good to Go Trucking, is an oilfield trucking company. DevCorp is a capital pool company consisting of several financial experts and other key investment players. Eight directors in total sit on the board at DevCorp, along with two staff members in Alex Jackson, the company’s chief financial officer (CFO), and Frank Sur, its corporate secretary. The board is led by Sidney Dutchak, who’s DevCorp’s president, chief executive officer and sitting director. Norm Neigum, along with his wife Darla Dorsett, established Neigum Hot Oilers in 1991 after 17 years working in the oil and gas industry, and then the company expanded with Good to Go Rentals in 2005, a move spurred on by rapid growth. Neigum sits as one of the eight directors on DevCorp’s board and he would also continue with the company as its general manager. Neigum and Dorsett are the majority shareholders in DevCorp, but there are several investment opportunities for people to own shares in the company. Jackson, the company’s CFO, said in an interview from September that the two Kindersley companies represent the first acquisition for DevCorp. Its transaction would be the first of several made in Saskatchewan. “Our end goal here is to build a Saskatchewan-wide service company that’s really focused on the four major oil producing regions,” he said, referring to the four areas such as Swift Current-Shaunavon, Estevan-Weyburn, Lloydminster and Kindersley-Kerrobert. “(Good to Go is) so well established in this marketplace already that it really gives you a strong position to go out and grow both through expansion, but also through acquisition.” The trading of DevCorp shares was halted when the acquisition was announced early in the summer. The company is about 18 months old, but its founders had been screening acquisition opportunities before the transaction announcement in June. Jackson said DevCorp’s founders and board members have a long history of experience in exploration and production companies, and the oil and gas servicing industry, so it is fair to say that DevCorp’s first acquisition was going to be an oil production or servicing company. It was noted that the company chose to acquire Good to Go because it fit with its overall strategy. “It became apparent that (Neigum and Dorsett) really were aligned in terms of their business strategy, and what they were wanting to do to grow their business,” the CFO said. “That really married up well with what we were hoping to do with a company that we would acquire.” According to Jackson, DevCorp is the name of the publicly traded company at present and its officials are expecting the name of the public company to change, but they do not know what the name will be- come or when it would be revealed. DevCorp is the company that all other companies would be acquired under. Company officials became aware of the Kindersley opportunity during the screening process whereby it was searching for an initial acquisition. Jackson said Neigum and Dorsett’s business advisor, Chris Doll of Saskatoon, knew Dutchak, the DevCorp president, and he is familiar with what everyone was trying to do, so a discussion opened up between both sides and a decision was made to acquire the Good to Go businesses. It was important for DevCorp to keep the existing management in place. “For us, it was critical that we had joining us a really strong management team (that was) very operationally focused, (and) hugely knowledgeable,” he explained, noting that the Good to Go owners have expertise in their line of business and the oil industry in general. “It provided us with a real solid foundation within which to continue to go out and evaluate and build our business together. It was critical that they were going to want to stay on with the business.” The CFO referred to the news of Sept. 3 when the company announced that it had raised the $10 million needed to close its acquisition. He noted that there is a large amount of available shares considered to be “public float” not controlled by Neigum and Dorsett. Jackson said the share structure has created a balanced opportunity for the public to own a piece of the company. He recognized that as future acquisitions are made, more shares would be added and made available. He noted that the former owners have bought into the concept because they believe in the company and the shared vision at DevCorp. The Good to Go name is going to be kept, along with the company’s most valuable assets – its employees. “We’re hugely excited with the quality of the business, with (Neigum and Dorsett) and their commitment and their vision and as well, their employees,” he added. “They’ve got a great group of people that work there. They’re the biggest asset.” Neigum said his move from private ownership to sitting as a director on a board of individuals running a public business would be business as usual for him. The Kindersley resident said he began by working in top-level positions on drilling rigs and with oil companies before he decided it was time to start his own business. It led him to establish Neigum Hot Oilers in 1991. “It was time we ran our own businesses,” he said, referring to the time when he established his company. “We’d ran everybody else’s businesses for years, so it was natural. This (change) is no different than any of that stuff. We still have to run the companies successfully and whatever else we add to the plate. Sitting on the board, to me, is no different than us having a safety meeting with our (private) group of people.” The DevCorp general manager said the change would have benefits from a management and ownership perspective. Instead of having to solve all the problems with a small group of owners, he said there is now a successful group of business people to drawn on for their expertise and experience. Neigum, who’s in charge of all company operations, said he and Dorsett view the change as a positive one for the company. Aside from the obvious benefits for Good to Go, he said a major reason for the change was to give the company’s staff the chance to benefit. See more ‘Going public’ cont’d on Page 6