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International Forest Products Ltd. (TSX:IFP.A) plans to buy back and cancel 2.8%, or 1.3 million, of its outstanding Class A shares over the next 12 months in a bid to enhance shareholder value. Over the past year, the company has spent roughly $9.

Vancouver's Northern Continental Resources Inc. (TSX-V:NCR) remains opposed to a $15 million hostile takeover bid for the company by Hathor Exploration Ltd. (TSX-V:HAT).

Richmond's MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) has signed a contract with NASA's Johnson Space Center to provide continued support for the space shuttle's robotic arms.

Vancouver-based Boston Pizza Royalties Income Fund (TSX:BPF.UN) has added 34 new restaurants to its royalty pool, which now has a total of 300. The new restaurants are projected to add approximately $69.

Victoria's Carmanah Technologies Corp. (TSX:CMH) has sold its home solar power division to former Carmanah director David Egles for $1.5 million.

Vancouver's WesternOne Equity Income Fund (TSX-V:WEQ.UN) has acquired Vancouver Island's C Motors Ltd. for $2 million. C Motors, doing business as C Rentals, provides equipment rental, sales and services in the Comox-Courtenay area.

Adanac Molybdenum Corp. (TSX:AUA) has raised $15.4 million in a private placement co-led by Haywood Securities Inc. and MGI Securities Inc.

Vancouver's North American Gem Inc. (TSX-V:NAG) has signed an option agreement with Burnaby's Geo Minerals Ltd. (TSX-V:GM) to work together on North American's Whiskey Cap uranium project in southern Alberta.

Vancouver's Canaccord Capital Inc. (TSX: CCI) is buying back approximately 2.4 million shares. The purchase under a normal course issuer bid will involve roughly 5% of the company's 47.8 million shares outstanding.

Senior management at Inflazyme Pharmaceuticals Ltd. (NEX:IZP.H) are leaving the company as part of the Vancouver biotech's plan to cut costs as it struggles to maintain shareholder value.