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February 17th, 2012: Today in Canadian Tech

Cardiome Chairman Bob Reider was today named to the board of BC Advantage Funds.

Cardiome Chairman Bob Reider was today named to the board of BC Advantage Funds.
Bombardier (TSX:BBD.B) announced it will establish a Bombardier-owned service centre in Singapore for business aircraft, and open a sales and marketing office in Singapore for commercial aircraft.

Guy Hachey, President and Chief operating officer of Bombardier Aerospace said: “Key to our success this year will be our ability to expand our global reach and gain traction in new and exciting markets…” Shares of Bombardier closed up .9% to $4.58. More…

iLookabout (TSXV:ILA) announced it intends to complete a private placement of Series One preference shares at a subscription price of $1 per share, with a minimum offering company of $500,000 and a maximum offering of $750,000. Shares of iLookabout closed today even at $.31 cents. More…

Cardiome (TSX:COM) announced its Chairman, Bob Reider, has been named to the board of BC Advantage Funds. Frank Holler, Chairman and CEO of Advantage, said: “It is a pleasure to welcome an individual of Bob’s stature and experience to the Advantage board of directors. Having spent his entire career working in leadership positions with prominent venture capital and technology firms, I know Bob will be a strong contributor to our board.” Shares of Cardiome closed today down 2.5% to $2.34. More…

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ProMetic Life Sciences (TSX:PLI) announced it has restructured the repayment of $4-million worth of secured loans previously provided by some of its long-term stakeholders. ProMetic CFO Bruce Pritchard said: “This precedes a series of upcoming commercial transactions which will significantly improve our liquidity requirements as well as our balance sheet…” Shares of ProMetic closed today even at $.125 cents. More…

Poynt (TSXV:PYN) announced it expects its joint-venture with China Youth Goyor will deliver at least twenty-million active users by, on or about February, 2013, not August, 2012, as previously announced. Poynt CEO Andrew Osis said: “The announcement of our agreement with China Youth League highlights the valuable experience the Poynt platform provides users globally and we look forward to leading the industry in providing a valuable service to the Asian marketplace.” Shares of Poynt closed today even at $.135 cents. More…

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About The Author /

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.

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