News Service

  • September 12, 2018
    Waterloo, ON-headquartered Axonify, a global corporate microlearning platform with customers in 95 countries, today announced that Grab Inc. has implemented the Axonify Microlearning Platform to provide comprehensive driver-partner onboarding and continuous learning for millions of driver-partners across the region. Singapore-headquartered Grab is a leading ride-sharing platform in Southeast Asia...
  • September 11, 2018
    Calgary-headquartered Sonoro Energy Ltd., a company focused on oil and gas exploration and production in Southeast Asia, has entered into an agreement with one of Indonesia’s largest companies to develop oil and gas activities in Indonesia as joint partners. This strategic relationship is focused on the pursuit of activities related to the Budong-Budong project in West Sulawesi and also includes...
  • September 11, 2018
    Montreal-headquartered Bombardier Commercial Aircraft announced today that Biman Bangladesh Airlines Ltd. has ordered three new Q400 aircraft by signing a purchase agreement with the Canadian Commercial Corporation (CCC). Based on the list price of the Q400 aircraft, the order is valued at approximately US$106 million. Biman Bangladesh Airlines is the national airline of Bangladesh. Bombardier is...
  • September 11, 2018
    Vancouver-headquartered China Gold International Resources Corp. Ltd. has announced that it has been selected as a constituent of five Hang Seng Indexes with effect from September 10, 2018. Hang Seng Indexes Company Ltd., a wholly-owned subsidiary of Hang Seng Bank, was established in 1984 and is Hong Kong's leading index compiler covering Hong Kong and mainland China markets. China Gold...
  • September 10, 2018
    Toronto-based mining company RNC Minerals has struck gold in Western Australia, sending the company's stock price soaring by 122.2 per cent. The company says that over the last week, it has pulled 9,250 ounces of gold worth some C$15 million from its Beta Hunt mine in Western Australia. The find includes a single 95-kg chunk that contains 2,440 ounces of gold for a value of about C$3.8 million,...
  • September 10, 2018
    Vancouver, British Columbia-headquartered Philippine Metals Inc. has closed private placement financing announced in July, issuing shares worth approximately C$143,000. The net proceeds of the private placement will be used for debt settlement and for general working capital purposes. Philippine Metals is focused on copper and copper-gold mining in the Philippines, where it owns more than 11,000...
  • September 7, 2018
    The University of Toronto (U of T) and Tata Trusts, one of India's largest charitable organizations, announced a partnership to establish an urban research centre and an entrepreneurship hub in India at this week's Invest India Conference in Toronto. The aim is to create opportunities for scholars and innovators in both countries to share knowledge, collaborate on research initiatives in diverse...
  • September 7, 2018
    Kelowna, British Columbia-based Valens Groworks Corp. has signed a letter of intent with Medigrowth Australia Pty Ltd. to supply cannabis flower and oil products to Medigrowth for sale and distribution in the Australian market. Valens will also provide cultivation, extraction, and lab service expertise to Medigrowth to support research, development partnerships, and collaborations with Australian...
  • September 7, 2018
    Minister of Foreign Affairs Chrystia Freeland today announced 14 diplomatic appointments, including Micheal Danagher's as the Ambassador to the Republic of Korea. Danagher joined the Department of External Affairs in 1987. In Ottawa, he served as director general, regional trade operations, and intergovernmental affairs; and as executive director, South Asia, Southeast Asia, and Oceania...
  • September 6, 2018
    Richmond, British Columbia-based CellCube Energy Storage Systems Inc. has signed a sales partnership agreement with Bangkok-based Bettenergy Company Ltd. for the development in Thailand of solar and microgrid storage applications. Bettenergy is a leading solution provider for renewable powered energy projects ranging from rural community microgrids to power distributed energy resource projects...
  • September 6, 2018
    Kelowna, British Columbia-based Hilltop Cybersecurity, Inc. has announced a deal with Japanese cryptocurrency mining company Island Mining to provide security for Island Mining and its operations, along with an expansion of the definitive agreement and the award of exclusive distribution in Japan for Hilltop’s CryptoKEEP cryptocurrency wallet technology. Hilltop is a cybersecurity and...
  • September 6, 2018
    Ottawa-based Kinaxis, provider of a leading cloud-based supply chain management solution, has announced a strategic alliance with Japanese business consulting firm QUNIE Corporation to support the growth of Kinaxis' client base in Japan and throughout Asia Pacific. Kinaxis unifies supply chain planning for global organizations on a single platform, streamlining processes and eliminating...
  • September 5, 2018
    Vancouver-based base-metals mining firm Nevsun Resources Ltd. has agreed to a friendly takeover bid by a Chinese firm for C$1.86 billion. Nevsun says Zijin Mining Group Co. Ltd., headquartered in Xiamen and one of the largest gold producers in China, will acquire all of its issued and outstanding shares. Nevsun's board of directors is recommending that shareholders accept the Chinese company's...
  • September 5, 2018
    Ontario Municipal Employees Retirement System (OMERS) has offered C$3.12 billion for Australian property company Investa Office Fund, topping a bid from New York City-based Blackstone Group LP. The offer values Investa Office shares at 2.8 per cent more than Blackstone's bid, the Canadian pension fund's Oxford Properties Group unit said in a statement. The successful bidder will get 35 properties...
  • September 5, 2018
    Toronto-based pharmaceutical company Antibe Therapeutics Inc. has entered into an exclusive licensing agreement with Kwang Dong Pharmaceutical Co. Ltd. for the development and commercialization of Antibe's lead drug, ATB-346, in South Korea. Under the terms of the agreement, Antibe will receive C$13 million in non-dilutive development and commercial milestone payments, including an upfront...
  • September 4, 2018
    Richmond, British Columbia-based GLG Life Tech Corp. has announced plans to enter the international cannabis market after entering into a strategic framework agreement to acquire the majority ownership of a leading Chinese hemp cultivator and producer of high-purity CBD oils and products. GLG is currently a producer of natural sweeteners, including stevia and monk fruit extracts. The company says...
  • September 4, 2018
    Toronto-headquartered Laramide Resources Ltd. has entered into a sale and purchase agreement with Australia’s Verdant Minerals Ltd. to acquire a 100-per-cent interest in the Lagoon Creek joint venture tenement in Northern Territory of Australia. The new agreement replaces an existing farm-in and joint venture on the uranium project between Laramide and Verdant. As part of the deal, Laramide will...
  • August 31, 2018
    The Canada Pension Plan Investment Board (CPPIB) has announced that it will invest in the WestConnex toll road project in Sydney, Australia as part of the Sydney Transport Partners consortium. The consortium is the successful bidder for a 51 per cent ownership stake in WestConnex, representing C$8.7 billion of total proceeds to the State of New South Wales for that stake. CPPIB will hold a 20.5...
  • August 31, 2018
    IC-IMPACTS (Canada), RHI (Canada), and ISIC (India) have partnered to launch a grant competition to fund innovation and research in the treatment and care of people living with Spinal Cord Injury (SCI) and secondary complications in India and around the world. For under-resourced and more populous nations like India, millions affected by SCI have a poorer prognosis and fewer available supports....
  • August 30, 2018
    Vancouver-based Westport Fuel Systems Inc. has announced a deal with China's Weichai Power Co. Ltd., which agreed to purchase Westport's components and license its technology to build 18,000 natural gas engines by 2023. The announcement comes a day after British Columbia-based Ballard Power Systems announced that Weichai will take a 19.9-per-cent stake in the Burnaby fuel cell producer. Weichai...

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