Amidst the turmoil of Wall St, Best Buy (bestbuy.com) has purchased beleaguered music downloading service, Napster.

International Royalty Corporation (AMEX: ROY, TSX: IRC) is pleased to announce that it has completed the acquisition of an overriding royalty interest on the Skyline Coal Mine located in Carbon and Emery Counties, Utah. The Skyline Mine is operated by Canyon Fuel Company, a subsidiary of Arch Coal Inc., one of the largest coal producers in the United States.

North American Gem Inc. (TSX-V symbol: NAG) is pleased to announce that it has signed a Memorandum Of Understanding with Appalachia Coal Corporation, a private company with advanced stage coal interests in West Virginia.

Western Financial Group Inc. announced today it has entered into a share purchase agreement with C.A. Bancorp Inc. pursuant to which the Company or an affiliate will acquire Winnipeg based AgriFinancial Canada Corp. from C.A. Bancorp Inc. (TSX - BKP) and Sentry Select Total Strategy Fund (TSX - TSF.UN). Upon completion of the transaction, AgriFinancial will become a specialty unit within the Company's banking subsidiary, Bank West.

Industrial Alliance Insurance and Financial Services Inc. is pleased to announce that it has entered into an agreement with Sarbit Asset Management Inc. under which IA will offer to acquire all of the issued and outstanding shares of SAMI. IA has also entered into lock-up agreements with shareholders representing over 75% of the issued and outstanding shares of SAMI.

Pacific Rubiales Energy Corp. (TSX: PEG) announced today that it has closed the acquisition of Kappa Energy Holdings Ltd. for a cash payment of approximately US$168 million, subject to minor post-closing adjustments and regulatory approval in Colombia.

Canadian International Minerals Inc (CIMI) is pleased to announce to acquisition of a 100% interest in the Solar claim group located approximately 2 km north east of the town of Golden, British Columbia. The Solar claims are 888.426 hectares in area and cover 5-6 km of favourable Mt. Wilson Formation which consists of fine grained white quartzites up to 500 meters wide.

Innergex Renewable Energy Inc. (TSX: INE) announces it has completed its previously announced acquisition of a 66 2/3% interest in rights relating to 18 prospective hydroelectric projects representing an aggregate 200 MW of installed capacity located in the Lower Mainland of British Columbia.

Addax Petroleum Corporation (TSX:AXC and LSE:AXC), today announced that it has acquired a 50 per cent interest in the Gryphon Marin license area subject to final Government of Gabon approval. Addax Petroleum will become operator of the Gryphon Marin license area which is immediately west of the Corporation's Iris Marin and Ibekelia license areas and immediately north of the Corporation's Etame Marin license, offshore Gabon.

GDF SUEZ Energy International through its North American subsidiary announced today the signing of an agreement to acquire FirstLight Power Enterprises, Inc.

Cohere Limited, the holder of record of more than 95% of the shares of Velcro Industries N.V.'s common equity, filed a petition under Article 2:250 of the Civil Code of the Netherlands Antilles with the Court of First Instance of the Netherlands Antilles sitting in Curacao seeking to allow Cohere to acquire all the issued Company shares, not currently held by Cohere, at US$21.00 per share or such other price as determined by the Court.

Jaguar Financial Corporation (TSX: JFC) announced its acquisition of an additional 1,647,000 common shares of Virtek Vision International Inc. ("Virtek"; TSX: VRK) representing approximately 4.9% of the total issued common shares of Virtek.