Mr. Daniel Russell reports
EARLY WARNING REPORT FOR SYNEX INTERNATIONAL INC.
Daniel J. Russell, on Dec. 20, 2019, acquired ownership of one million common shares in the capital of Synex International Inc., representing approximately 2.53 per cent of the issued and outstanding common shares in the capital of the issuer after giving effect to the offering (as defined herein).
The purchased shares were acquired from the issuer as part of a private placement transaction at a price of 20 cents per purchased share for a total purchase price of $200,000 in cash.
Prior to the acquisition, Mr. Russell owned, or had control or direction over, 19,464,300 common shares in the capital of the issuer, representing approximately 51.35 per cent of issued and outstanding common shares. After the acquisition, Mr. Russell owns, or has control of direction over, 20,464,300 common shares, representing approximately 51.85 per cent of the issued and outstanding common shares.
Mr. Russell acquired the shares for investment purposes. Mr. Russell may from time to time acquire additional securities, dispose of some or all of the existing or additional securities, or may continue to hold the securities of the issuer.
This press release is being issued pursuant to National Instrument 62-103 -- The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires a report to be filed under the issuer's profile on SEDAR containing additional information respecting the foregoing matters.
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