VENTURE CAPITAL POST

Communitech admitted eleven startups in the third cycle of its HYPERDRIVE accelerator.

BDC Venture Capital extended US$150,000 to 10 recent Launch36 graduates.

Desire2Learn Inc. decided to setup in Boston for its US operations.

Alamos Gold Inc. acquired Esperanza Resources for Can$69.4 million through a court-approved plan of arrangement.

TransAlta Corp planned to spin off its wind and hydroelectric power plants through an initial public offering to increase the company’s value.

Michael Wekerle obtained Difference Capital Financial Icc's Convertible Unsecured Subordinated Debentures for US$10.75 million.

Loblaw, Canada's biggest food retailer raised about Can$400 million for its real estate investment trust in an initial public offering.

Revolver Resources Inc. recently made its new investment public. This comprised of 10 million new units that was anticipated to earn US$300,000.

Redline Capital Management succeeded in its bid for MCW Energy Group though acquisition of MCW's 8,695,652 common shares.

Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.

Verizon Communications Inc. made an offer to buy Wind Mobile as a means of reentering the Canadian market to boost its growth prospects.

Orascom, the subsidiary of Vimpelcom, had withdrawn its bid to gain majority interest in Wind Mobile.

Verizon Communications, among other telecoms firms, may seek to participate in the Canadian wireless market.

Canadian Industry Minister, Christian Paradis squashes Telus Corp's application for a takeover deal with Mobilicity following the Canadian ban for spectrum licenses acquisition from smaller rival companies.

ExxonMobil purchases Celtic Exploration