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NB: Plazacorp looking to raise $20 million
[FREDERICTON, NB] – Plazacorp Retail Properties Ltd. intends to raise $20 million through a convertible debenture offering. The debentures, which bear interest at 7.5 per cent per annum, payable quarterly, will mature on March 31, 2015 and will be convertible into Plazacorp common shares at the option of the holder at any time at $3.80 [...] More
NB: Corridor plans $28.6 million capital budget for 2010
[HALIFAX, NS] – Corridor Resources Inc. plans a total capital expenditure program of $28.6 million in its capital and operating budget for 2010. The budget includes drilling and completing additional natural gas production wells in the McCully Field in southern New Brunswick, which are intended to maintain natural gas production and revenues from the field. The [...] More
NB: Brunswick Mine workers accept three-year contract
[BATHURST, NB] – Approximately 70 per cent of the workers at Xstrata’s Brunswick Mine have voted in favour of a three-year contract that will see them receive increased pension benefits and a raise of 80 cents per hour. For the full story, visit http://nbbusinessjournal.canadaeast.com/front/article/959344. More
NB: Illegal pesticides found on lobsters raise concerns
[GRAND MANAN, NB] — CBC News is reporting that a suspicious eye is being cast on some New Brunswick aquaculture sites after an illegal pesticide was found on dying lobsters in the Grand Manan and Seal Cove areas. For more information, read the story at: http://www.cbc.ca/canada/new-brunswick/story/2010/02/18/nb-aquaculture-pesticide-bay-of-fundy-lobster-deaths-658.html More
NB: Further investment made in geopark project
[SAINT JOHN, NB] — The provincial government is investing an additional $35,000 in the United Nations Educational Scientific and Cultural Organization (UNESCO) geopark project in the Saint John region. Energy Minister Jack Keir made the announcement on Tuesday. More
NB: Saint John, Belledune ports cruised through ‘09
[SAINT JOHN, NB] — The Telegraph-Journal is reporting that despite the recession and its negative effects on many Canadian ports, New Brunswick ports had a good year in 2009 with a rise in total cargo volumes. For more information, read the story at: http://nbbusinessjournal.canadaeast.com/front/article/955636 More
NB: First Nation community proceeds with $70M plant
[RED BANK, NB] — The Telegraph-Journal is reporting that, in light of the government’s new community energy policy, Metepenagiag First Nation has decided to move forward with its plans to create a $70-million gasification plant. For more information, read the story at: http://telegraphjournal.canadaeast.com/front/article/954707 More
NS: Taxes force Amherst store to throw in the towel
[AMHERST, NS] — CBC News is reporting that Croft Street Convenience in Amherst is closing up shop because it can no longer afford to compete with businesses in neighbouring New Brunswick in terms of taxes and prices. For more information, read the story at: http://www.cbc.ca/canada/nova-scotia/story/2010/02/11/ns-convenience-store-border.html More
NB: Tim Hortons supports decision to ban customer
[ST. ANDREWS, NB] — CBC News is reporting that coffee giant Tim Hortons is stepping up in defence of a store owner’s ban on a customer who repeatedly complained about the coffee he was served. For more information, read the story at: http://www.cbc.ca/canada/new-brunswick/story/2010/02/09/nb-tim-hortons-reaction-1154.html More
NB: Trade mission to China opens door to new markets
[FREDERICTON, NB] — Capitalizing on existing trade ties, 12 New Brunswick companies recently returned from a successful trade mission to China. The mission, coordinated by Enterprise Chaleur in Bathurst, helped the companies identify potential leads and contacts for trade and investment opportunities in the Chinese market. More
NB: Tech firm receives federal funding boost
[SAINT JOHN, NB] — The Telegraph-Journal is reporting that the federal government is investing up to $500,000 in Saint John-based tech firm Mariner Partners Inc. For more information, read the story at: http://nbbusinessjournal.canadaeast.com/journal/article/950872 More
NB: Fraser Papers’ Maine union agrees to wage claw back
[MADAWASKA, ME] — The Telegraph-Journal is reporting that Fraser Papers Inc. is making progress in its efforts to emerge from bankruptcy protection. Workers at its Maine paper mill recently voted to accept a more than eight per cent pay cut. For more information, read the story at: http://nbbusinessjournal.canadaeast.com/front/article/949632 More
NB: Miramichi lumber mill on path to recovery
[MIRAMICHI, NB] — The Canadian Press is reporting that the province has secured $3 million in loans to help modernize and reopen Miramichi Lumber Products, formerly known as Newcastle Lumber. For more information, read the story at: http://www.ngnews.ca/index.cfm?sid=325325&sc=516 More
NB: Tug of war threatens future of chicken industry
[SAINT JOHN, NB] — The Telegraph-Journal is reporting that a power struggle is jeopardizing the stability of the supply management system for chicken in the central and eastern regions of the country, according to industry officials. For more information, read the story at: http://nbbusinessjournal.canadaeast.com/front/article/948347 More
NB: High-tech battle could cost local businesses
[FREDERICTON, NB] — The Telegraph-Journal is reporting that some New Brunswick companies could be caught between “a rock and a hard place” if Apple doesn’t agree to support Adobe Flash on its mobile devices. For more information, read the story at: http://nbbusinessjournal.canadaeast.com/front/article/947092 More
