Winnipeg developer appeals to Supreme Court to hold city accountable for delays in Parker lands project
In July 2023, a Court of King's Bench judge decided that two city planners intentionally stalled development of the former Parker lands, a 19-hectare parcel that Andrew Marquess of Gem Equities had planned to turn into a 1,900-unit development called Fulton Grove.
The city was ordered to pay Marquess $5 million.
The city filed an appeal. In April, a Manitoba Court of Appeal judge decided that evidence presented at trial fell short of proving the city planners were misfeasance in public office, and reversed the original decision.
The decision also stated that there was "nothing nefarious" about city planners meeting with River Heights-Fort Garry Coun. John Orlikow to give and receive feedback on the project.
Now the developer hopes to reverse that decision.
On Monday, the developer's lawyers filed a 242-page appeal document to the Supreme Court, that the city planners were "acting deliberately and unlawfully in an effort to slow down or thwart the Plaintiffs' development with disregard for the harm their actions were causing the Plaintiffs."
This document reaffirming claims Marquess made in his 2018 statement of claim and hearings in 2021.
The city had argued that there was no evidence that its employees were unlawfully and deliberately trying to slow down the development of the land, which Marquess had acquired in a 2009 swap with the city for land he owned in Fort Rouge.
CBC News has reached out to the City of Winnipeg, but did not hear back prior to publication.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
41 minutes ago
- Yahoo
Nvidia Nears $4T Valuation, Overtakes Apple in Historic Market Cap Surge
July 4 - Shares of Nvidia (NASDAQ:NVDA) climbed about 2.4% Thursday to $160.98, lifting its market capitalization to roughly $3.92 trillion. That move briefly put Nvidia on track to surpass Apple (NASDAQ:AAPL), which closed at a record $3.915 trillion on Dec. 26, 2024. Microsoft (NASDAQ:MSFT) sits in second place with a market value near $3.65 trillion, while Apple holds about $3.17 trillion. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Nvidia's jump reflects robust demand for its AI?focused chips, which power large language models and other compute?heavy applications. Remarkably, Nvidia now tops the combined value of all publicly listed companies in Canada and Mexico, as well as the total market cap of UK?traded firms, Reuters reported. Analysts warn that Nvidia's rally could face challenges if chip production scales up or geopolitical issues disrupt supply chains. Still, its pricing power and strong order backlog may help sustain investor interest. As Nvidia vies to become the most valuable company ever, market watchers will monitor whether it can maintain this momentum into the second half of 2025. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
44 minutes ago
- Yahoo
Canadian retailer Metro deploys Fujitsu's process monitoring solution
Canadian grocery retailer Metro has implemented Fujitsu's active process monitoring solution to enhance operations across its network of 500 stores, which includes the Metro, Super C and Food Basics banners. The cloud-based system, leveraging Fujitsu's advanced operation and management technology, aims to provide continuous oversight of store transactions and immediate insights into potential issues such as thefts, frauds and operational inefficiencies. The solution integrates data sources, including transaction and loyalty data, as well as security camera footage, offering a comprehensive view of store operations and enabling rapid compliance checks using video. Hosted in Canada, the system is available in both French and English. Fujitsu smart retail and consumer experience business unit head Takashi Harada stated: "We are proud to partner with Metro to bring this innovative solution to the Canadian market. The newly introduced active process monitoring will enable Metro to optimise its operations, ensure policy compliance and ultimately enhance the customer experience.' Developed in collaboration with German retailers, the technology brings experience and best practices to Metro, marking it as the first Canadian client for this solution. Globally, the system already monitors between 7,000 and 8,000 stores. The pilot phase, conducted in February 2025 in 20 stores, showed positive results by identifying losses within the first week and improving the monitoring of the loyalty scheme at the point of sale. Metro corporate security resilience senior director Marc Lapointe stated: "The impact of this implementation has been impressive. The combination of the refined system and our analysts' experience is proving to be effective. We're seeing interest from our operations teams, who are requesting demos to gain the unprecedented visibility into their cash lanes that this system provides. It's a transformative experience for them!" Commercial aspects of the project are managed by Fujitsu North America, while technical expertise is provided by Fujitsu Germany. "Canadian retailer Metro deploys Fujitsu's process monitoring solution" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Permex Petroleum Announces US$2,000,000 Private Placement of Convertible Debentures
Vancouver, British Columbia--(Newsfile Corp. - July 4, 2025) - Permex Petroleum Corporation (CSE: OIL) (FSE: 75P) ("Permex" or the "Company") is pleased to announce a private placement (the "Offering") of convertible debenture units of the Company (the "Units") for gross proceeds of US$2,000,000. Pursuant to the Offering, the Company will issue 2,000 Units to a single arm's length subscriber, with each Unit consisting of one convertible debenture (a "Debenture") in the principal amount of US$1,000 and 393 common share purchase warrants (each, a "Warrant"). Each Warrant is exercisable for a period of five years from the date of issuance for one common share of the Company (a "Share") at an exercise price of US$2.54. The Debentures will mature (the "Maturity Date") one-year from the date of issuance. The Debentures bear simple interest at a rate of 10%, payable on the Maturity Date or the date on which all or any portion of the Debenture is repaid. Interest will be paid in cash or Shares based on a conversion price of US$2.54 (the "Conversion Price"), subject to the approval of the Canadian Securities Exchange (the "Exchange"). At any time during the term of the Debentures, a holder of Debentures may elect to convert the outstanding principal and any accrued and unpaid interest thereon into Shares at the Conversion Price. The Debentures will automatically convert into Shares at the Conversion Price in the event the Company completes a financing of Shares for aggregate gross proceeds of at least US$7,500,000. Any conversion of the Debentures which would exceed certain dilution thresholds is subject to the appropriate approvals, including shareholder approval if required by the policies of the CSE. The proceeds of the Offering are expected to be used for general working capital purposes. No finders' fees will be paid in connection with the Offering. The Conversion Price and exercise price of the Warrants was determined at the time discussions commenced between the Company and subscriber and is based on the closing price of the Company's Shares on the CSE on May 7, 2025. The Company obtained confidential price protection from the CSE for the Conversion Price and exercise price of the Warrants on May 7, 2025. The Company confirms that there has been no undisclosed material information with respect to the Company between May 7, 2025 and the date of this news release, and is not aware of any reason for the recent volatility in its trading price. The Company intends to close the Offering following the 5-day notice period required by CSE policy. The Units offered in the Offering have been and will be offered only to persons who either qualify as an "accredited investor" as defined in Rule 501(a) of Regulation D under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or who are located outside of the United States and are not a "U.S. person" as defined in Regulation S under the U.S. Securities Act. All securities issued pursuant to the Offering and underlying securities will be subject to a four-month hold period from the date of issuance pursuant to applicable Canadian securities laws, in addition to such other restrictions as may apply under the U.S. Securities Act and other applicable securities laws of jurisdictions outside of Canada. None of the securities to be offered in the Offering have been and will not be registered under the U.S. Securities Act or under any U.S. state securities laws and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful. This news release is being issued pursuant to and in accordance with Rule 135c under the U.S. Securities Act. About Permex Petroleum Corporation Permex Petroleum (CSE: OIL) (FSE: 75P) is a uniquely positioned junior oil & gas company with assets and operations across the Permian Basin of West Texas and the Delaware Sub-Basin of New Mexico. The Company focuses on combining its low-cost development of Held by Production assets for sustainable growth with its current and future Blue-Sky projects for scale growth. The Company, through its wholly owned subsidiary, Permex Petroleum US Corporation, is a licensed operator in both states, and owns and operates on private, state and federal land. For more information, please visit Contact Information Permex Petroleum CorporationBrad TaillonChief Executive Officer (713) 730-7797 Renmark Financial Communications USA Perron, CPIR: hperron@ (416) 644-2020 or (212)- Cautionary Disclaimer Statement: Neither Canadian Securities Exchange, nor its Regulation Services Provider (as that term is defined in their respective policies) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release contains both "forward-looking information" and "forward -looking statements" within the meaning of applicable securities laws that is intended to be covered by the safe harbours created by those laws. "Forward-looking information" and "forward looking statements" each include statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "believe", "continue", "potential" or the negative thereof or other variations thereof or comparable terminology. Such forward-looking information and forward looking statements include, without limitation, the completion of the Offering and the use of proceeds from the Offering. Neither forward-looking information or forward-looking statements are a guarantee of future performance and are each based upon a number of estimates and assumptions of management at the date the statements are made, including without limitation, that: the Company will complete the Offering as anticipated; there will be no changes in the Company's business plans; and that the Company will be able to use the proceeds from the Offering as anticipated. Furthermore, such forward-looking information and forward-looking statements involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of the Company to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking information or forward-looking statements, including without limitation: the inability for the Company to close the Offering; the inability to use the proceeds from the Offering as expected; recent market volatility; and the state of the financial markets for the Company's securities. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor. To view the source version of this press release, please visit