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The Ministry of Economic Development is setting up an online database to help local businesses cash in on the roughly $4 billion of Olympic-related procurement bids leading up to 2010.

Western Canadian Coal (TSX, AIM:WTN) is selling up to 19.2 million units in a private placement worth roughly $40 million. Proceeds of the financing will be used to repay about $19.

$18 million worth of contracts have been agreed by the Ministry of Employment and Income Assistance to fund the delivery of new employment services for people with disabilities.

A professor at the University College of the Fraser Valley has been chosen as a new research chair to support trade between B.C. and India. DJ Sandhu, a UCFV business professor, will become the B.C.

Forest products giant Catalyst Paper Corp. (TSX:CTL) plans to raise $200 million in a private placement offered in the U.S. and Canada.

Retired U.S. Navy SEAL commander James Liddy will head a new integrated security division of Vancouver's OSI Geospatial Inc. (TSX:OSI).

The British Columbia Securities Commission has reached a settlement with an Alberta mutual fund dealer that admitted to trading securities in B.C. without a B.C. registration. D.W. Good Investment Company Ltd.

Europe's largest taxi company has signed a new contract with Digital Dispatch Systems Inc. (TSX:DD) to purchase between 4,000 and 5,000 new mobile computers over the next two to three years.

Two more B.C. sawmills are casualties in the continued downturn in the lumber industry. Montreal-based forestry company Tembec Inc. is shutting down production at two of its B.C.

New Gold Inc. (TSX:NGD) will issue up to $55 million of debentures and $220 million of units to finance pre-production development of its cooper-gold project near Kamloops, B.C.