David Sidoo ~ Prominent Vancouver Businessman ~ Passionate Philanthropist ~ Proud Family Man ~ Former Pro Athlete

News

From the desk of David Sidoo

Farhan Lalji, gave selflessly of his time and even his home when needed in order to make a difference in the lives of countless others.

Deciding to raise his family in New Westminster, designing a life for his family that included supporting the youth of New Westminster and football in the province.  Farhan and his wife Mary, on occasion even boarded the young troubled athletes, treating them like family, always putting the team and the players ahead of everything.  I remember how hard it was if he had to miss a game due to work commitments.  He gave his heart and soul to the team and the City.

When he first came to me to seek my support to begin a program I asked him how many kids would be interested in playing?  He advertised the fact he may begin a team and kids interested should come to a meeting.  On that first day, so many years ago,  hundreds of kids showed up from all different nationalities.  We knew at that moment this could be something special.   Kids from all nationalities showed up to play, not just that year, but every year.  Kids from East Africa, Nigeria, India, Pakistan, mostly immigrant kids and families wanting to play the game and be part of the great equalizer, sports.  It did not matter what colour they were, what racial slurs they faced off the field, day in and day out, what matters was their dedication to play and Farhan’s ability to get the best he could from everyone.  I could see them running up and down the field and it brought me back to my days and I was hooked!  Working and supporting the program and Farhan for all these years has been a blessing.

I remember the team going to play in Vancouver at Vancouver college campus stadium in 2009, where the stands were full and the spotlight was the brightest that year. We were undefeated Hyacks playing the biggest game of the year. The game where our reputation was on the line.  Were the Hyacks really that good? Has the program really turned around and can they contend for the High school championship? Really? New West Football? On paper, during the season, we were the better team for sure.

I remember watching with other Hyacks parents and alumni watch as the team struggled under the intense pressure. We must have had a record turnovers in that game and ultimately lost. The boys’ heads dropped and they all left that field  feeling  that they didn’t live up to everyone’s expectations. We were just the blue collar town of New West that just had its butts handed to us. They looked like they lost all confidence in themselves and had no hope.

But Farhan did not lose faith. He  continued to support the boys.  He never lost faith in the kids. He encouraged them, on the field and in the classroom to do well.  He told them time and time again that you are better than this. That when life gets you down or throws you a curve ball its how you respond. How do you respond  to that adversity and if you can overcome it? That  is what builds character that will take you a long way in life.

Well everyone knows what happened a few short years later when they won it all . The school’s first BC high school football championship.

Plus over 50 students going on to play or attend college. In 2014, we were the only high school in Canada that sent two seniors on full ride scholarships to NCAA division one schools.

I am so proud to be your friend and to have been asked 20 years ago to help get the program re-started. You did all the heavy lifting we all just came along for the ride.  You have sacrificed a lot. But you’ve given so many young men and families HOPE that you can achieve greatness even when it appears all odds are stacked against you.

Your legacy will live forever at New West and your spirit and core values you instilled will be entrenched in the Hyacks football culture for years to come.  That kind of love and passion doesn’t just drift away. You have now built it into the culture of the program and I know the next person who will have the honour of taking over the program you brought back from the ashes will do his or her best to keep the fire alive.

Have a look at Farhan’s website at  farhanlalji.com


Frank Gnup Wall of Honour

The Frank Gnup – Football Wall of Honour: Created to honour the many former players and builders who have made outstanding contributions to the UBC football program. Candidates are considered on the basis of exceptional playing ability, sportsmanship, character, and exemplification of the spirit and ideals of the Thunderbird football program.

The primary criteria of selection is determined by football championships, individual awards/records, conference honours, and national recognition while competing for the Thunderbirds.

The recognition ceremony is to be held each fall in conjunction with the final regular season home game. There is no official limit to the number of alumni honoured each year, however, a minimum period of five years following graduation from the program will be observed prior to eligibility. The committee does recognize the current UBC Sports Hall of Fame members as exceptional and we will profile those individuals as well.

This impressive 2020 induction class will consist of a builder, a championship team, and 11 individual players from 1972-2011.

Frank Theodore Gnup: Head Coach, 1955-1973

The former ORFU and Canadian Football League All-Star was the head coach at UBC for 18 years. One of UBC’s most colourful, admired, and recognizable campus figures, Gnup was known and fondly remembered as a mentor, provider, and character-builder, as well as a promoter of UBC. Included among his 54 career victories are three Hardy Cups championships (1959, ’61, ’62), while sending 17 of his players to professional football. Since that time, Gnup’s name has been remembered through the Frank Gnup Scholarship for first-year student-athletes, the Fank Gnup Golf Tournament, his induction into both the UBC Sports Hall of Fame and the BC Football Hall of Fame. The AAA provincial football championship is named after him, and the Frank Gnup Memorial Award is presented to the Canada West football Outstanding Player of the Year.


BMEX Gold (TSX-V:BMEX): Entering a hot market

Junior Canadian gold exploration company BMEX Gold has the primary objective of acquiring, exploring, and developing viable high-grade gold projects in the mining-friendly jurisdiction of Quebec.

Founded in 2017 and listed on TSX Venture Exchange, the US Exchange (MRIRF.Q), and the German Exchange (8M0), BMEX Gold is a small-cap company with a market cap with just over $12m. Founding shareholder David Sidoo brings more than 31 years of experience in the venture capital space. He was one of the founding shareholders of American Oil & Gas, which was sold to Hess Corporation in 2010 in an all-stock transaction valued at over $630 million dollars. He was also CEO and President of Advantage Lithium, building the company from a mere 477,000-ton resource to 4.8 million tons in two short years. Mr. Sidoo discusses his varied and successful career to date, the impressive sale of Advantage Lithium to producer Orocobre, and the Quebec assets that were recently acquired by BMEX gold.

Varied career

“I grew up in New Westminster, British Columbia,” Mr. Sidoo explains. “I went to the University of British Columbia and played football there for the UBC Thunderbirds, won a national championship in 1982, and then graduated with an education degree.”

Mr. Sidoo spent the next five and a half years playing in the Canadian Football League for the Saskatchewan Roughriders and the BC Lions. At the time of his trade to the Lions, he was also working as a broker, and spent half a season juggling the two professions.

“I started building up my clientele base, looking at resource projects and tech deals. I know the real turning point in my career came when I moved to Yorkton Securities.

Mr. Sidoo’s career took off from there, and he spent six and a half years at Yorkton, becoming involved in a number of successful projects in the resource sector, working closely with many successful entrepreneurs in the mining sector.

“In 2000, our chairman of Yorkton Securities, Frank Giustra, decided to retire. He had a real passion for the film industry, so he decided to form Lionsgate Entertainment, which is now one of the largest and most successful film companies in the industry. When Frank left, Yorkton just wasn’t the same. I stayed there for about another year, then left Yorkton and put an investment banking company together on my own.”

At that time the oil and gas sector was very hot and Mr. Sidoo capitalized on some of the entrepreneurial contacts he had made over the last six and a half years in Denver, Colorado, convincing Pat O’Brian and his group to work with him on an oil and gas deal.

“They were basically building value for everybody else, and just getting a fee for doing that. So I convinced them to put some of their own acreage together that had a chance for some success. I was responsible for raising all the capital and help put the board of directors together and said let’s try and bring some value for you and our shareholders.”

It took about a year for this group to decide to work with Mr. Sidoo, having heard things about Vancouver which made them a little nervous to get involved. Ultimately, they went ahead and began working together forming a company called American Oil & Gas Inc.

“We had a few hits and misses,” Mr. Sidoo says. “Then the management team decided to acquire small acreage in North and South Dakota in a formation called the Bakken. Many majors were drilling in the area and were having some success. Subsequently management decided to get more aggressive and acquire more acreage. Each well they drilled on that acreage was successful and economic.”

“Every hole they were drilling was successful, so there was a point in time where either the company had to continue raising the money and keep drilling holes, or we look to sell the company. So management hired Tudor, Pickering in 2010 and eventually sold the company for just over US$630m to Hess Corporation.”

“I took many of the lessons I learned from sports and working with successful people at Yorkton when I built companies.” American Oil & Gas was the largest deal Mr. Sidoo was involved in that moved his career to a different level.

Orocobre sale

Mr. Sidoo’s next project was Advantage Lithium, of which he was founding shareholder, President and CEO. The company was eventually sold to lithium producer Orocobre in March of 2020 for over $100m.

In 2017, there was a big spike in the electric-vehicle (EV) market, with Tesla paving the way for a new era. There was plenty of international noise suggesting that EVs were going to become the new normal and most analysts agreed that the demand for electric vehicles was going to rise over the next ten years.

“Electric-vehicles are powered by a battery, batteries are fueled by lithium,” Mr Sidoo explains. “There were several startup companies that started going public on the TSX, as demand for lithium began to grow.”

Mr. Sidoo began to approach a few companies in Argentina looking for quality assets. He determined that Argentina was one of the better jurisdictions for Lithium exploration and development. One of these companies was Orocobre, which was being courted by many other companies about an asset called Cauchari – the company’s focus was building a facility and producing lithium in Olaroz so they had done very little work on Cauchari and were looking for a partner.

“Their partners didn’t want them to de-focus themselves from their production, so they left the exploration side alone. I convinced them, with my background and our network and the team that I was going to put together, that they should partner with me. So we formed a joint venture partnership with Orocobre where we owned 75% and they owned 25%.”

The first $5m from this venture went into exploration, and we eventually raised over $40 million dollars over two years. Advantage Lithium management took a small resource of 400,000 tons and increased it to just under 4.9m tons of LCE. In late 2018 the lithium market then began to top, and it became more difficult for small-cap companies to raise money.

“We decided we better monetize the asset,” Mr. Sidoo says, “and we sold it to our partner Orocobre for just over $100m in an all-stock transaction. As a group we are very proud of the fact that we’ve had two significant buyouts in our career.”

Having worked from the ground floor developing multiple companies and taking them all the way through to sale, Mr. Sidoo still credits his early days playing sports for giving him the drive to succeed.

“I modelled success of creating these companies on three pillars – acquire good assets in a hot sector; secondly, you’ve got to have good people (good teammates; people who understand the area, have built companies before), and the third thing is, you’ve got to be able to have the capital to build these assets.”

BMEX Gold

Mr Sidoo believes he has shown over the last fifteen years that he can create strong shareholder value. He has now turned his attention to BMEX Gold, utilizing many of his old contacts to help make it a success.

“It’s a very hot gold market,” Mr Sidoo says. “I’ve probably been looking for a year now for quality assets. I could have settled for some marginal assets, but we decided we wanted to make sure we could have an asset that had a resource on it, and another asset that had a lot of upside potential in a good area. We were able to find some very good assets in Quebec.”

Canada has proved to be an easy area to do business in, with an amicable government open to gold exploration. Mr Sidoo has enlisted Dylan Sidoo, who was a part of the team at Advantage Lithium, to help with business development. Another colleague from the board, Peter Espig, has also moved over to BMEX Gold as well as Dr. Mark Bustin.

“One of our key additions to BMEX gold is VP of Exploration, Martin Demers. Martin was the key geologist who developed Hecla Mining company that was taken over by Aurizon Mines Ltd. for US $796m.”

The company has also been successful in raising enough capital to get started, recently doing a seed round of $900k, and is preparing to start a $6-9m raise, which the company is completing through a combination of charity flow-through and private placement.

“We’ve brought along some of the same teammates in putting this company together,” Mr Sidoo says. “We’re pretty excited about BMEX coming out of the gate – the company has two strong assets, a very experienced team and is funded well.”

BMEX has acquired two assets in Quebec – the first is called King Tut, in the prolific mining area of the Abitibi region, and the second called Dunlop Bay.

“AMEX Exploration is a publicly listed company on the TSV who’s main property is 60km from King Tut. AMEX has gone from 8 cents to a high of $3.50 on some very good drill results.”

BMEX’s King Tut asset appears to be on the same fault line as AMEX. BMEX will begin an aggressive drill program in October of 2020 on King Tut.

“King Tut has 122 contiguous mineral claims that cover over 5200 hectares. The company’s second asset is Dunlop Bay. Dunlop Bay has 76 contiguous mineral claims that cover over 4200 hectares. Like King Tut, Dunlop Bay is strategically located around producer Glencore, a major gold producer.

“In October and November of this year management is going to drill a 2,000m drill program at Dunlop Bay and 3,000m drill program at King Tut.”

BMEX Gold has two very good assets and an experienced management team, an aggressive drill program in 2020, and is well funded. If investors are bullish on gold then companies like BMEX gold are ones they should follow.

“You would think that when the company begins drilling in October, they’re going to have good results to announce in November and December. It’s exploration – you never know what Mother Nature’s going to give you – but we’ve ticked off a lot of the boxes trying to reduce the risk.”

With both King Tut and Dunlop Bay, BMEX’s ultimate goal is to validate very good historical drill results from the past to build a significant resource on each asset.

“When investors are looking at investing in a company,” Mr. Sidoo concludes, “they should look at the sector. If your bullish on gold, you think the upside is there, that’s where you should consider investing some of your money. What I want to say to investors is when you are looking into investing to a small-cap gold company – look at the management team involved, review the assets closely, and determine if the company is well capitalized.”

Entering a hot market with the right team and the right assets is likely going to ensure a lot of future success for BMEX Gold and Mr. Sidoo, who has already proved himself perfectly capable of creating strong value for shareholders. Find out more about BMEX Gold (TSXV:BMEX) by visiting bmexgold.com.

Full Article at https://boardroombroadcasts.com/bmex-gold-tsxv-bmex-founding-shareholder-david-sidoo-entering-a-hot-market/


Bob Laycoe, 1947- 2020

Bob Laycoe, 73, Thunderbirds Class of 1969, who played football for the Thunderbirds and wrestled, too, has died.

Dr. Bryan Laycoe, his twin brother – both graduated from Portland’s Cleveland High School, Bryan went on to L&C and OHSU Medical School – said Bob “died (Dec. 28. 2020) …from complications of his Parkinson’s Disease in local hospital in Canada.”

He said, “Family may decide on celebration of life in spring when Covid is under control.”

Survivors include Suzanne, Bob’s wife of 52 years, and their children, David and Tonya and granddaughter Stevie, all in British Colombia; brother Bryan in Ridgefield, Washington, and sister Rhonda in Portland.

Here is Bob’s obituary provided by Bryan on behalf of the Laycoe family.

ROBERT RICHARDSON “BOB” LAYCOE

Bob Laycoe, legendary sports figure, died suddenly on December 28th, 2020, from complications from cumulative traumatic encephalopathy and secondary Parkinson’s disease. His family was at his side in hospital in Penticton, British Columbia. His Parkinson’s had progressed over decades. He was 73.

Bob and his parents, Hal and Marjorie, and the Laycoe family were amongst a group of Canadians who came to Portland in the summer of 1960. Hal, coached the new Portland Buckaroos Hockey team for 9 years. During that time these Canadians had the best record in professional hockey.

Bob, identical twin Bryan and their sister, Rhonda, attended Portland’s Cleveland High. Bob thrived on contact sports. At Cleveland he played football for Coach Gene Flippin and wrestled for Coach Don York. Success followed him.

He went on To Linfield College and played for the football Wildcats under Coach Paul Durham. He also wrestled.

Upon graduation in 1968 he married Suzanne Lind and moved to Vancouver, BC. He Mastered (1969) in Kinesiology and played another year of football for the Thunderbirds at University of British Columbia. He also won 4 Canadian Titles in wrestling.

Bob went into football coaching with Frank Smith at UBC, from 1973 to 1987, winning two National Championships. He was in Vancouver while his father, Hal, coached the Vancouver Canucks in the NHL. Eventually he and Sue went to Toronto to coach the University of Toronto “Varsity Blues” from 1988 to 2002. He won another National Championship (Vanier Cup) in 1993. His motto for his teams was posted to inspire when they went onto the field, “Remember Who You Are.”

When his neurological disorder forced his early retirement they moved to the Okanagan in British Columbia. He enjoyed fishing and art work and his family.

Hall of Fame Awards followed him from Cleveland High to Linfield, to University of British Columbia and to University of Toronto. The Frank Smith and Bob Laycoe Varsity Training Facility was established at UBC.

Bob is survived by his wife of 52 years, Suzanne and children David and Tonya and granddaughter Stevie in British Colombia, brother Bryan in Ridgefield, Washington, and sister Rhonda in Portland.

::::::::::::::::::::::

No phone calls please.

However, if you wish to send condolence cards and notes to Bob’s wife, use address:

Suzanne Laycoe
107 Taggart Crescent
RR1 Site 206
Comp5
Kaledon, BC
Canada
V0H1K0

Emails to Suzanne Laycoe, Bob’s wife, to address:
bobsuzannelaycoe@gmail.com

To contact Bob’s brother, Bryan Laycoe, use address:
laycoe@aol.com


Sidoo Family Giving Collaborates with World Vision Project RUDI

David and Sidoo Family Giving is proud to collaborate with Nav Bhatia, Toronto Raptors superfan, in funding the World Vision project “RUDI” (Rise up Daughters of India). The project has worked to install sanitisation systems in the Punjab village schools in India so that hundreds of female students have restroom facilities at learning institutions, vastly improving conditions around gender-equal access to education in communities.

Without separate washrooms, female students in rural India have limited options. Some are forced to use a nearby field, risking their safety, health and dignity. Most girls decide to stop going to school rather than endanger themselves.

I have witnessed first-hand the bias against our daughters in India. By simply improving school facilities for girls, we are showing everyone that a girl’s education is important. This is the importance of Rise Up Daughters of India.

~Nav Bhatia, Toronto Raptors Superfan,
World Vision Ambassador


New Westminster Secondary School Breakfast Club Program

Through the Breakfast Club of BC Foundation, Dylan and Jordan Sidoo are proud to support the New Westminster Secondary School Breakfast Club Program. Across Canada, it is estimated that one in four children don’t eat a proper breakfast.

The Breakfast Club programs provide a chance for students to connect with their peers, their teachers, the principal, it’s a place where if parents have to go to work early, and there’s not a place for them to go and no one to help them make breakfast, it’s a safe warm place parents can bring their kids to in the morning.

We encourage others to help with there local Breakfast Club Programs across Canada by visiting https://www.breakfastclubcanada.org

Capture


Sidoo Family Giving – COVID-19 Emergency Program Update

To deal with the COVID-19 outbreak and address the needs of Vancouver’s most vulnerable. Sidoo Family Giving recently provided sanitizers and masks to residents of Oppenheimer Park. In order to prevent the threat we need to unite and protect our most vulnerable communities. “The situation is serious, and it is urgent. In a neighborhood where space, food, supplies, and everything is shared, if we have one infection, it could decimate this entire community,” DTES SRO Collaborative Society’s Wendy Pedersen says.

We encourage others to help where they can including supporting the Downtown East Side Response Group.

IMG-20200419-WA0001


Sidoo Family Giving – COVID-19 Emergency Program

In response to the COVID-19 crisis, Sidoo Family Giving has started working with non-profits to provide hand sanitizers and masks to low-income women and children, vulnerable seniors, and others in need in our community. 

The foundation has now worked with four programs in Vancouver run by non-profits like Whole Way House, 10th Avenue Church, and Sikh Temples in both Richmond and Vancouver. This initiative will deliver hundreds of masks and sanitizers to families and seniors impacted by the pandemic. 

We also wanted to share with our supporters a few preventative tips to help stop the spread of respiratory viruses, including COVID-19.

Public health resources for your staff, family, and community
BC Centre for Diesese Control
Practical Advice from the World Health Organization

Mental health resources for your staff, family, and community
Canadian Mental Health Association
KidsHelp Phone
Assaulted Women’s Help Line


East End Boys Club 54th Annual Leadership Breakfast

Wonderful event with the East End Boys Club at the 54th Annual Leadership Breakfast. Supporting the great work of Jimmy Crescenzo. Amazing leaders of today and future leaders of tomorrow!

The East End Boys Club society works with marginalized youth between the ages of 13 – 25. Our goal is to not only provide life-skills training but to also provide socio-emotional support, in school and post secondary guidance and the opportunities to pursue higher education in both academic and trades skills training. 

leadership-breakfast


World Housing House Party, Change the Rules for Girls’ inaugural Fundraising Event

The first benefit for World Housing House Party, Change the Rules for Girls’ initiative raised almost $500,000 for a Cambodian housing project. Jordan, David and Manjy Sidoo were there to help raise funds and support this cause.

Read more in BC Business Magazine: https://www.bcbusiness.ca/World-Housing-House-Party—Change-the-Rules-for-Girls-2020

davidsidoo