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Vancouver's NovaGold Resources Inc. (TSX:NG) has mothballed plans to raise $130 million in a public share offering a day after making the announcement. The company cited poor pricing conditions as the main reason for the cancellation.

Vancouver's NovaGold Resources Inc. (TSX:NG) plans to $130 million raise in a public share offering.

Texas-based Spectra Energy Corp. plans to take its Calgary-based income trust private through Vancouver's Westcoast Energy. The assets of Spectra Energy Income Fund (TSX:SP.UN) will be folded into Vancouver-based Westcoast Energy Inc.

Sepp's Gourmet Foods Ltd. has sold its Alberta division to Nossack Food Group for an undisclosed sum. The Delta-based producer of frozen food products will use proceeds from the sale for working capital and to repay senior debt.

Vancouver's International Beryllium Corp. (TSX-V:IB) plans to acquire Pennsylvania-based Freedom Alloys Inc. for US$10 million.

Sepp's Gourmet Foods Ltd. has sold its Alberta division to Nossack Food Group for an undisclosed sum. The Delta-based producer of frozen food products will use proceeds from the sale for working capital and to repay senior debt.

QuestAir Technologies Inc. (TSX:QAR) has increased its revenue estimates for 2008 in light of a new contract with ExxonMobil to develop the Burnaby company's hydrogen purifier technology.

B.C.'s housing market appears to be cooling, according to a new RBC study. RBC's annual home ownership survey found that only a quarter of B.C. residents are likely to buy a home over the next two years.

Richmond-based Catalyst Paper Corp. (TSX:CTL) plans to raise $125.3 million in a rights offering to fund a portion of the acquisition of Arizona's Snowflake paper mill, which it announced in mid-February.

Photochannel Networks Inc. (TSX-V:PN) reported a larger net loss for its first quarter ending December 31, 2007, despite a surge in quarterly revenue.