China

Entree Gold ties up with Chinese mining firm

Vancouver-based Entree Gold Inc. signs a contract with the Zhejiang No. 11 Geological Brigade to search for copper within three exploration licences covering an area of about 61 sq. km. radius around Pingyang County, Zhejiang province, China. Entree will be pouring investments of about US$3 million to finance the project covering a four year contract. Under the agreement, Entree entitlements cover a 78% interest while the remaining 22% interest goes to Zhejiang. Apart from mining exploration, Entree Gold Inc. is also engaged in acquisition of base and precious metal deposits.

Bangkok

True North Gems opens office in Bangkok

Vancouver-based True North Gems, a junior resource company focused on the exploration and development of North American coloured gemstone deposits, announced that it has opened a new office facility in Bangkok, Thailand. True North Gems has several gemstone properties
including the Fiskenaesset ruby and pink sapphire project in Greenland, the Baffin Island sapphire property, and the Tsa da Glisza emerald property in the Yukon.

Philippines

Philippine retail group uses Smartcool’s  technology 

Vancouver-based Smartcool Systems Inc., through its distributor in the Philippines, Smartcool S.E. Asia, entered into a sales agreement with Walter Mart in the Philippines, to install Smartcool’s Energy Savings
Module (ESM) in its chain of supermarkets and community shopping centres. Walter Mart is part of the Philippine’s Abenson Retail Group. The ESM will initially be installed in the Walter Mart chain of malls
and a further rollout within the Abenson Group will be evaluated upon
completion. Smartcool S.E. Asia was incorporated for the purpose of selling, marketing and distributing Smartcool’s technologies in Asia.
A company specializing in energy and cost reduction technologies for commercial and retail businesses.

Singapore

New Air Transport agreement with Canada

A new air transport agreement between Singapore and Canada has been completed shortly after the conduct of bilateral air services consultations last week. Under the new bilateral agreement, Singapore
carriers are allowed to operate passenger and all-cargo flights as frequently as desired between Singapore and Canada, via selected intermediate points. In addition, they may code-share either with one another, with any Canadian or third country airlines. Code-sharing enables an airline to market its partner airlines’ flights as its own, and offers an additional means for airlines to serve a market without having to deploy its own aircraft.

Toronto-based Spectral Diagnostics Inc., developer of technologies for comprehensive disease management, announced that it has entered into an exclusive distribution agreement in Japan with Toray Medical Co. Ltd. for Spectral’s EAA diagnostic system. Under the terms of the
agreement, Toray Medical will market and sell the EAA Endotoxin Activity Assay for the detection of endotoxemia and the subsequent risk for sepsis in conjunction with its Toraymyxin blood purification device, which removes endotoxin from the bloodstream.

Vancouver-based CanAlaska Uranium Ltd. reached definitive agreements for investment by a South Korean Consortium led by Hanwha Corporation uranium exploration of CanAlaska’s Cree East Project, located in Saskatchewan. The members of the South Korean Consortium, Korea Electric Power Corporation (KEPCO), Korea Resources Corp. (KORES) and SK Energy Co. Ltd. (SK) will join with Hanwha to invest C$19 Million toward an earn-in of a 50% ownership in the Cree East Project over a four-year period. The consortium will pay the project expenditures.