Mr. Greg Sunell reports

SYNEX INTERNATIONAL INC. REGISTRATION AS ELIGIBLE BUSINESS CORPORATION

Synex International Inc. has been registered as an eligible business corporation under the Small Business Venture Capital Act of the Province of British Columbia. The company has also received an equity authorization in the amount of $1-million effective April 7, 2017, to Dec. 31, 2017. The program allows for the equity authorization to be withdrawn at any time with limited or no notice.

Under the equity authorization, persons or companies who subscribe for treasury shares of the company are eligible to apply for a British Columbia tax credit in the amount of 30 per cent of the subscription price of the shares. The tax credit is repayable to the Province of British Columbia in the event that the subscriber sells, transfers or disposes of the shares within five years of the date of purchase. The program includes a number of other qualifying conditions such as that the tax credits are limited and are available on a first-come first-served basis.

The company is proceeding to construction on the 4.3-megawatt Newcastle Creek hydro project and the five mw McKelvie Creek hydro project both located on Vancouver Island, British Columbia. Accordingly, the company expects to advance potential private placements of treasury shares.

The company is a successful hydroelectric developer and consultant in British Columbia. The company wholly owns or has proportionate interests in a net total of 12 mw of operating facilities and nine mw of construction-ready facilities. In addition, the company has applications for water licences and land tenure on 24 potential hydroelectric sites totalling over 150 mw of installed capacity.

We seek Safe Harbor.