Divestment

Spur Ventures Inc., a Vancouver-based natural resources company, has entered into a share purchase agreement to sell its wholly-owned China-based subsidiary, Spur Chemicals (BVI) Inc., to Hong Tang

Ivanhoe Energy Inc., a heavy oil development and production company headquartered in Calgary, announced that its wholly-owned subsidiary, Sunwing Zitong Energy (SZE), has signed a binding memorandu

Cantronic Systems Inc., based in Coquitlam, B.C., has announced that its wholly-owned subsidiary, Cantronic Security Systems (China) Co., Ltd.

Vancouver-based Silver Standard Resources Inc., announced the completion of the sale of its Bowdens project in NSW, Australia for an aggregate consideration in cash and shares of US$73 million to K

Toronto-based GobiMin Inc. announced that it has completed the disposal of the Balikun Coal Project in China after receiving a final payment of US$7.6 million.

Vancouver-based SouthGobi Energy Resources Ltd.

Toronto-based GobiMin Inc., a company engaged in the exploration, development and exploitation of mineral properties, mainly in the Xinjiang Uygur Autonomous Region of China, announced that it has

Winnipeg-based Canwest Global Communications Corp., an international media company with a presence in New Zealand, Australia, Indonesia, Singapore, the United Kingdom and the United States, announced that it will sell its majority stake in Ten Network Holdings Ltd. Ten Network is an Australian media company with businesses in television and out-of-home advertising. Canwest has signed an agreement with Macquarie Capital Advisors Ltd. to sell its 50.1% stake in Ten Network Holdings in a block rate. The sale is worth C$634 million and is scheduled to be completed by October 1.

Toronto-based McVicar Industries Inc. announced that it has obtained Chinese government approval of McVicar’s withdrawal from the joint venture with Sino Lion (USA) Ltd. in Sino-Lion Nanjing Ltd. The company’s 27% equity interest in Sino Lion Nanjing Ltd. was sold for a cash consideration of US$850,000 to a holding company controlled by one of the directors of Sino Lion (USA) Ltd. McVicar Industries Inc. focuses on the research, production and marketing of specialty chemicals through its China-based subsidiaries.

Toronto-based Nortel Networks announced that its principal operating subsidiary, Nortel Networks Limited, has decided to seek a buyer for its majority stake (50% + 1 share) in LG-Nortel, the company’s South Korean joint venture with LG Electronics. LG-Nortel provides telecommunications equipment and network solutions, spanning wired and wireless technologies to service provider and enterprise customers in Korea and around the world.