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Richmond's Tree Island Wire Income Fund (TSX:TIL-UN) has announced that it intends to acquire Baoan International Investment Co. and Universal Metal New Material Co. in a deal worth $18.5 million.

Miramar Mining Corp. (TSX:MAE) cut its net loss to $2 million in fiscal 2006 from $11 million in 2005. The Vancouver-based gold producer closed out 2006 with consolidated working capital of $143.7 million.

Norsat International Inc. (TSX:NII) turned a half-million-dollar profit in its fourth quarter last year and, despite a drop in revenue, narrowed its 2006 net loss to $4.4 million versus $5.89 million in 2005.

Communicate.com Inc. (OTCBB:CMNN) has announced a 2006 profit of $414,000, a 19% increase over the previous year's total. The Vancouver-based e-commerce company attributed the increase in part to its $6.5 million in perfume sales last year.

Vancouver-based information communications company Glacier Ventures International Corp. (TSX:GVC) has announced net earnings of more than $12.5 million in 2006, versus $5.3 million in 2005.

Quadra Mining Ltd. (TSX: QUA) is making a pitch to acquire International Molybdenum Plc, which owns the Malmjberg molybdenum project in Greenland. InterMoly shareholders would receive one Quadra share for 36.