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Once debt-laden Ainsworth Lumber Co. Ltd. (TSX:ANS) reported a profitable first quarter for the period ending March 31, 2010. The Vancouver-based lumber producer reported a 17% increase in first quarter sales to $81 million, up from $69.

Vancouver’s Merit Mining Corp. (TSX-V:MEM) has closed the first tranche of a private placement with Hong Kong Huakan Investment Co. Ltd. in a move to pay down debt and further develop its B.C. holdings. The company received an initial $9.

Vancouver-based Quadra Mining Ltd. (TSX:QUA) has come out of the gate strong in 2010 despite weather and earthquake challenges. The copper-focused company, which operates mines in Nevada, Arizona and Chile, posted net earnings of $55.6 million or $0.

A fledgling gas sensor manufacturer has found a green-tech executive to lead its next venture. Delta-based ATI AirTest Technologies Inc. (TSX-V:AAT) has hired Paul Kacir as CEO of its newly formed subsidiary ClairTec Inc.

Victoria spent $8.2 billion more than it said it would over the last decade, according to a C.D. Howe Institute study released this morning.

Hostility remained high yesterday between the board of Lions Gate Entertainment (NYSE:LGF) and activist investor Carl Icahn after shareholders voted in favour of the company's shareholder rights plan. About 55.

Vancouver’s Silver Wheaton Corp. (TSX:SLW) reported a 195% increase in first quarter profit and a 129% increase in sales for the period ending March 31, 2010.

Vancouver’s Smartcool Systems Inc. (TSX-V:SSC) will expand into the Asia Pacific region after signing a distribution agreement with a subsidiary of one of Asia’s largest integrated retail marketing companies.

Buyouts and deals in Vancouver’s precious metals sector continue to flow as gold prices soar above $1,200 an ounce. This morning, Eldorado Gold Corp. (TSX:ELD) cut a friendly $122.

Vancouver’s Sterling Shoes Income Fund (TSX:SSI.UN) reported a 60% decline in its quarterly loss despite only a slight drop in first quarter revenue. Net loss fell to $961,000 from $2.4 million while revenue fell 3% to $26.8 million from $27.