Acquisitions

Vancouver-based Centurion Minerals Ltd. announced that it has executed a Memorandum of Agreement to acquire a 77% interest in PT Tambang Mas Sable, a private company which holds a contract of work (COW) on the Sable gold project in Aceh Province, Northern Sumatra, Indonesia. Centurion will be responsible for assisting and funding the reactivation of the COW at a cost of US$60,000 as well as funding 100% of exploration costs to feasibility stage of the Sable project.

Calgary-based Pan Orient Energy Corp., an oil and gas exploration and production company with operations in Thailand, Indonesia and in Western Canada, has agreed to purchase additional interests in Indonesia. The principal interest is a 30% non-operated participating interest in the Tungkal production sharing contract (PSC) located onshore in South Sumatra. The other interest is a US$5 million receivable payable upon first commercial gas delivery from the Ruby gas field located offshore in the Sebuku PSC.

Vancouver-based Lions Gate Metals Inc. (LGM) has reached an agreement in principle with AusNiCo Pty. Ltd. of Australia to merge the companies under LGM. AusNiCo, which is 79% owned by D’Aguilar Gold Ltd. of Australia, has nickel exploration tenements in Southeast Queensland. LGM will acquire all of the issued securities of AusNiCo in exchange for the issue of 10 million common shares and three million five-year warrants exercisable at C$1.10 per share. Each company will appoint three directors to a new LGM Board of six directors.

Edmonton-based Matrikon Inc., a provider of industrial intelligence solutions, announced that it has acquired Integration Automation and Control Pty Ltd. (IAC), a private Newcastle, Australia-based company. Established in 2000, IAC provides automation and information systems services to the Hunter Valley coal industry. The coal industry is a major component of Matrikon’s Asia-Pacific business. Matrikon acquired IAC for A$1.65 million in cash for all issued and outstanding shares of IAC plus the value of the net assets of the company on September 1, 2009.

Toronto-based Fairfax Financial Holdings Limited announced the purchase of a 15% interest in Alltrust Insurance Company of China for approximately US$66 million, subject to final approval by the Chinese Insurance Regulatory Commission. Shanghai-based Alltrust provides a full spectrum of primary insurance products and services in China, including property insurance, liability insurance, surety bonds, short-term health insurance, accident insurance, motor insurance and reinsurance.

Montreal-based Noveko International Inc. announced plans to acquire Unitam International Management Corporation of Montreal, an international business development service agency established in North America and Asia. The purchase price will be C$250,000, plus 500,000 Class A shares of Noveko. Noveko International Inc. has several subsidiaries including S.A.S. ECM which specializes in the design and marketing of portable ultrasound scanners for use in veterinary and human medicine, and Noveko Inc.

Tokyo-based Hitachi Ltd. announced that it acquired a majority ownership interest in Calgary-based M-Tech Information Technology Inc., a provider of identity management software and services. The transaction adds M-Tech’s identity management software and services to Hitachi’s information security solutions portfolio. M-Tech’s name has been changed to Hitachi ID Systems Inc.

Jubilant Organosys Ltd., an integrated pharmaceutical company based in India, and Draxis Health Inc. of Montreal, announced that they entered into an agreement whereby a wholly-owned subsidiary of Jubilant Organosys Ltd. will acquire all the outstanding common shares of Draxis for approximately US$255 million. Draxis Health, through its wholly-owned operating subsidiary, Draxis Specialty Pharmaceuticals Inc., provides products in three categories: sterile products, non-sterile products and radiopharmaceuticals.

Hitachi Construction Machinery of Japan has purchased all patents, intellectual property, and sales rights for debris screening machinery from Premier Tech of Riviere du Loup, Quebec, for C$4 million. The equipment is used to sort concrete scraps and other debris after buildings are demolished. Since 2001, Hitachi has been marketing Premier Tech’s equipment in Japan, but it will now manufacture the equipment and expand sales throughout Asia and Australia.

Vancouver-based Pancontinental Uranium Corp. announced that its joint venture partner, Crossland Uranium Mines Limited of Australia, has acquired a prospective uranium area adjacent to the Chilling Project in the Northern Territory, Australia. The Mount Thomas project area has been acquired from Aldershot Resources Ltd. and encompasses 67 sq. km. surrounded on three sides by the Chilling Project. Pancontinental has four Australian projects – Chilling, Charley Creek, Kalabity and Crossland Creek.