Labridis <clabridis@Synex.com>
Subject: Synex International Inc News Release
PLAIN TEXT:
SYNEX INTERNATIONAL INC.
NEWS RELEASE
TSX : SXI April 24, 2017
SYNEX INTERNATIONAL INC.
REGISTRATION AS ELIGIBLE BUSINESS CORPORATION
Synex International Inc. (the "Company") announces that the Company has been registered as an Eligible Business Corpor
--->ation 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 $1,000,000 effective April 7, 2017 to December 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 for the equity authorization to be withdrawn at any time with limited or no notice.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% 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 5 years of the date of purchase. The program includes a number of other qualifying conditions such as t
--->hat the tax credits are limited and are available on a first come first serve basis.
The Company is proceeding to construction on the 4.3 MW Newcastle Creek Hydro Project and the 5 MW McKelvie Creek Hydr
--->o Project both located on Vancouver Island, British Columbia. Accordingly, the Company expects to advance potential p
--->rivate placements of treasury shares.
The Company is a successful hydroelectric developer and consultant in British Columbia. The Company wholly owns or ha
--->s proportionate interests in a net total of 12 MW of operating facilities and 9 MW of construction ready facilities.
--->In addition, the Company has applications for water licences and land tenure on 24 potential hydroelectric sites total
--->ing over 150 MW of installed capacity.
"signed"
______________________________________
Greg Sunell, President
400 - 1444 Alberni Street, Vancouver B C V6G 2Z4
Phone (604) 688 8271 Ext. 309 Fax (604) 688 1286
E-mail: gsunell@synex.com Web Site: www.synex.com/
Forward Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These statements reflect
--->our current expectations and are subject to change. They are subject to a number of risks and uncertainties including,
---> but not limited to, changes in economic conditions, risks associated with the construction and operation of hydroelec
--->tric facilities and changes in government policies. The Company assumes no obligation to update or revise forward-look
--->ing information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward
--->-looking information, except as required by applicable law.
Chris Labridis
Sigma Engineering Ltd
400-1444 Alberni Street
Vancouver, BC V6G 2Z4
Ph.604.688.8271 ext.378
clabridis@synex.com<mailto:clabridis@synex.com>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">SYNEX INTERNATIONAL INC.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">NEWS RELEASE<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">TSX : SXI April 24, 2017<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">SYNEX INTERNATIONAL INC.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">REGISTRATION AS ELIGIBLE BUSINESS CORPORATION<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">Synex International Inc. (the "Company") announces that the Company 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 $1,000,000 effective April 7, 2017 to December 31, 2017. The program allows for
--->the equity authorization to be
withdrawn at any time with limited or no notice.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">Under the equity authorization, persons or companies who subscribe for treasury shares of the Company a
--->re eligible to apply for a British
Columbia tax credit in the amount of 30% of the subscription price of the shares. The tax credit is repayable t
--->o the Province of British Columbia in the event that the subscriber sells, transfers or disposes of the shares within
--->5 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 availab
--->le on a first come first serve basis.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">The Company is proceeding to construction on the 4.3 MW Newcastle Creek Hydro Project and the 5 MW McKe
--->lvie Creek Hydro Project both located
on Vancouver Island, British Columbia. Accordingly, the Company expects to advance potential private placements
---> of treasury shares.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">
<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">The Company is a successful hydroelectric developer and consultant in British Columbia.. The Comp
--->any wholly owns or has proportionate
interests in a net total of 12 MW of operating facilities and 9 MW of construction ready facilities. In additio
--->n, the Company has applications for water licences and land tenure on 24 potential hydroelectric sites totaling over 1
--->50 MW of installed capacity.
<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"> "signed"<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">______________________________________<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">Greg Sunell, President<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">400 - 1444 Alberni Street, Vancouver B C V6G 2Z4<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">Phone (604) 688 8271 Ext. 309 Fax (604) 688 1286<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">E-mail: gsunell@synex.com Web Site: www.synex.com/<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">Forward Looking Statements<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA">This press release contains forward-looking statements that involve risks and uncertainties. These stat
--->ements reflect our current expectations
and are subject to change. They are subject to a number of risks and uncertainties including, but not limited to, cha
--->nges in economic conditions, risks associated with the construction and operation of hydroelectric facilities and chan
--->ges in government policies.
The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions,
--->changes in circumstances or any other events affecting such forward-looking information, except as required by applica
--->ble law.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:12.0pt;font-family:"Arial",sans-serif;mso-fareast-l
--->anguage:AR-SA"><o:p> </o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;mso-fareast-language:EN-CA">Chris Labridis</span></b><span style
--->="font-size:12.0pt;mso-fareast-language:EN-CA">
</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-fareast-language:EN-CA"><o:p></
--->o:p></span></p>
<p class="MsoNormal"><span style="font-size:13.5pt;mso-fareast-language:EN-CA">Sigma Engineering Ltd</span><span style
--->="font-size:12.0pt;font-family:"Times New Roman",serif;mso-fareast-language:EN-CA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-fareast-language:
--->EN-CA"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;mso-fareast-language:EN-CA">400-1444 Alberni Street</span><span sty
--->le="font-size:12.0pt;font-family:"Times New Roman",serif;mso-fareast-language:EN-CA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;mso-fareast-language:EN-CA">Vancouver, BC V6G 2Z4</span><span style
--->="font-size:12.0pt;font-family:"Times New Roman",serif;mso-fareast-language:EN-CA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;mso-fareast-language:EN-CA">Ph.604.688.8271 ext.378</span><span sty
--->le="font-size:12.0pt;font-family:"Times New Roman",serif;mso-fareast-language:EN-CA"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;mso-fareast-language:EN-CA"><a href="mailto:clabridis@synex.com"><s
--->pan style="color:blue">clabridis@synex.com</span></a></span><o:p></o:p></p>
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