Synex Renewable Energy Corporation Announces Voting Results from the Special Meeting of Shareholders
Vancouver, British Columbia--(Newsfile Corp. - May 27, 2025) - Synex Renewable Energy Corporation (TSX: SXI) ("Synex" or the "Company") announced today that the shareholders of the Company (the "Shareholders") have approved the previously announced statutory plan of arrangement pursuant to the Business Corporations Act (British Columbia) (the "Arrangement"), whereby Sitka Power Inc. ("Sitka") will acquire all of the issued and outstanding common shares of the Company (the "Common Shares") for C$2.40 in cash per Common Share (the "Cash Consideration"). ...
2025-05-27 4:30 PM EDT
Synex Renewable Energy Corporation Announces Third Quarter Results
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2025) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company" or "Synex") announced its financial and operational results for the three and nine months ended March 31, 2025.For the three months ended March 31, 2025 ("Q3 2025"), revenue reduced to $733,743 from $929,547 in the corresponding period in fiscal year 2024 ("Q3 2024"). Electricity sales for Q3 2025 were $708,726 compared with $915,276 for Q3 2024, a decrease of $206,550 because of...
2025-05-13 12:23 PM EDT
Synex Renewable Energy Corporation Files Circular for Special Meeting of Shareholders and Announces Receipt of Interim Court Order for Plan of Arrangement
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2025) - Synex Renewable Energy Corporation (TSX: SXI) ("Synex" or the "Company"), announced today that it has filed and commenced mailing its management information circular (the "Circular") and related materials for its special meeting (the "Meeting") of the holders ("Shareholders") of common shares ("Common Shares") to be held on May 27, 2025, at 12:00 p.m. (Toronto time), at the offices of Dentons Canada LLP located at 77 King Street West, Suite 400, Toronto,...
2025-04-29 8:00 AM EDT
Synex Renewable Energy Corporation Announces Agreement to be Acquired by Sitka Power Inc. for C$2.40 Per Share in Cash
Purchase price of C$2.40 per Synex share represents an enterprise value of approximately C$25.2 million.Represents a premium of approximately 58% to the 20-day volume weighted average price as of market close on March 27, 2025.The Board of Directors of Synex unanimously determined that the transaction is in the best interests of Synex and is fair to the Synex shareholders from a financial point of view.Vancouver, British Columbia--(Newsfile Corp. - March 28, 2025) - Synex Renewable Energy Corporation (TSX: SXI) ("Synex"...
2025-03-28 7:30 AM EDT
Synex Renewable Energy Corporation Announces Second Quarter Results and the Appointment of a Director
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2025) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company" or "Synex") announced its financial and operational results for the three and six months ended December 31, 2024.For the three months ended December 31, 2024 ("Q2 2025"), revenue increased to $1,222,392 from $972,718 in the corresponding period in fiscal year 2024 ("Q2 2024"). Electricity sales for Q2 2025 were $1,196,925 compared with $958,446 for Q2 2024, an increase of $238,478 YoY because of...
2025-02-14 4:14 PM EST
Synex Renewable Energy Corporation Announces Director Resignation
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2025) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company" or "Synex") announced today that Murray Margolis has resigned as director of the Company effective January 29, 2025."I want to extend my appreciation and thanks to Murray Margolis. He joined the Company in 2023 as director and he has been a valuable member of the board throughout his tenure," said Daniel J. Russell, Chief Executive Officer of the Company.Mr. Margolis leaves the Board...
2025-01-30 8:02 AM EST
Synex Renewable Energy Corporation Announces Director Resignation
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company" or "Synex") announced today that Adarsh Mehta has resigned as director of the Company effective January 20, 2025. Ms. Mehta joined the board of directors of the Company in 2020, and also served on the audit committee of the Company. The board of directors of the Company wish to thank Ms. Mehta for her contributions to the Company. About Synex Renewable Energy CorporationSynex...
2025-01-21 7:07 PM EST
Synex Renewable Energy Corporation Annual General Meeting - Voting Results
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2024) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company") is pleased to report the voting results of the annual general meeting of shareholders of the Company held on December 6, 2024. Description of Matter Outcome of Vote
2024-12-06 8:23 PM EST
Synex Renewable Energy Corporation First Quarter of Fiscal 2025
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2024) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company" or "Synex") announced its financial and operational results for the three months ended September 30, 2024.For the three months ended September 30, 2024 ("Q1 2025"), revenue increased to $209,945 from $139,085 in the corresponding period in fiscal year 2024 ("Q1 2024"). Electricity sales for Q1 2025 were $78,600 compared with $11,096 for Q1 2024, an increase of $67,504 as a result of increased...
2024-11-05 5:52 PM EST
Synex Renewable Energy Corporation Announces Completion of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2024) - Synex Renewable Energy Corporation (TSX: SXI) ("Synex" or the "Company") is pleased to announce that it has closed a non-brokered private placement financing (the "Offering") of common shares ("Common Shares") in the capital of the Company at a price of $1.78 per Common Share. An aggregate of 308,988 Common Shares were issued for aggregate gross proceeds of $549,998.64.Synex expects to use the proceeds of the Offering for working capital and general...
2024-10-22 7:30 AM EDT
Synex Renewable Energy Corporation Announces Closing of Sale of Wind Project in British Columbia
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2024) - Synex Renewable Energy Corporation (TSX: SXI) ("Synex" or the "Company") today announced that its wholly owned subsidiary, Sea Breeze Power Corp. ("Sea Breeze"), closed its previously announced disposition of Sea Breeze's wind energy project known as Bouleau Mountain Wind Project (the "Wind Project"), located in British Columbia, Canada (the "Transaction"). As previously disclosed, the purchase price of the Wind Project pursuant to the Transaction is approximately $4.7 million, subject to entering...
2024-10-16 4:33 PM EDT
Synex Renewable Energy Corporation Fourth Quarter of Fiscal 2024
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2024) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company" or "Synex") announced its financial and operational results for the three months ended June 30, 2024.For the three months ended June 30, 2024 ("Q4 2024"), revenue decreased to $643,194 from $713,649 in the corresponding period in fiscal year 2023 ("Q4 2023"). Electricity sales for Q4 2024 were $584,140 compared with $731,698 for Q4 2023, a decrease of $147,558 as a result of lower...
2024-09-30 4:15 PM EDT
Synex Renewable Energy Corporation Announces Sale of Wind Project in British Columbia
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2024) - Synex Renewable Energy Corporation (TSX: SXI) ("Synex" or the "Company") today announced that its wholly owned subsidiary, Sea Breeze Power Corp. ("Sea Breeze"), has entered into a definitive agreement (the "Asset Purchase Agreement") with a leading renewable energy company (the "Buyer") pursuant to which Sea Breeze has agreed to sell to the Buyer its wind energy project known as the Bouleau Mountain Wind Project (the "Wind Project"), located in British Columbia,...
2024-08-06 8:10 AM EDT
Synex Renewable Energy Corporation Third Quarter of Fiscal 2024
Vancouver, British Columbia--(Newsfile Corp. - May 15, 2024) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company" or "Synex") announced its financial and operational results for the three months ended March 31, 2024.For the three months ended March 31, 2024 ("Q3 2024"), revenue increased to $929,547 from $864,645 in the corresponding period in fiscal year 2023 ("Q3 2023"). Electricity sales for Q3 2024 were $915,276 compared with $839,053 for Q3 2023, an increase of $76,223 as a result of power...
2024-05-15 4:30 PM EDT
Synex Renewable Energy Corporation Second Quarter of Fiscal 2024
Vancouver, British Columbia--(Newsfile Corp. - February 14, 2024) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company" or "Synex") announced its financial and operational results for the three and six months ended December 31, 2023.Revenue for the three months ended December 31, 2023 ("Q2 2024") increased to $972,718 from $458,445 for the three months ended December 31, 2022 ("Q2 2023"). Electricity sales in Q2 2024 were $958,446 compared with $430,167 in Q2 2023, an increase of $528,279 as a result...
2024-02-14 4:46 PM EST
Synex Renewable Energy Corporation Annual General Meeting - Voting Results
Vancouver, British Columbia--(Newsfile Corp. - November 27, 2023) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company") is pleased to report the voting results of the annual general meeting of shareholders of the Company held on November 27, 2023.Description of MatterOutcome of Vote
2023-11-27 5:16 PM EST
Synex Renewable Energy Corporation Announces Completion of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - November 22, 2023) - Synex Renewable Energy Corporation (TSX: SXI) ("Synex" or the "Company") is pleased to announce that it has closed a non-brokered private placement financing (the "Offering") of common shares ("Common Shares") in the capital of the Company at a price of $1.75 per Common Share. An aggregate of 355,507 Common Shares were issued for aggregate gross proceeds of $622,137.25.Synex expects to use the proceeds of the Offering for the development of the...
2023-11-22 5:00 PM EST
Synex Renewable Energy Corporation First Quarter of Fiscal 2024
Vancouver, British Columbia--(Newsfile Corp. - November 14, 2023) - Synex Renewable Energy Corporation (TSX: SXI) (Formerly, Synex International Inc.) (the "Company" or "Synex") announced its financial and operational results for the three months ended September 30, 2023.Revenue for the three months ended September 30, 2023 ("Q1 2024") decreased to $139,086 from $165,898 ("Q1 2023"). Electricity sales in Q1 2024 were $124,814 compared with $139,770 in Q1 2023, a decrease of $14,956 as a result of lower power generation from the Mears,...
2023-11-14 3:01 PM EST
Synex Renewable Energy Corporation Announces Initiation of Strategic Review
Vancouver, British Columbia--(Newsfile Corp. - October 30, 2023) - Synex Renewable Energy Corporation (TSX: SXI) ("Synex" or the "Company") today announced that the Company's Board of Directors (the "Board") has initiated a strategic review of the Company with the aim of enhancing shareholder value. The review will explore and evaluate all strategic alternatives available to the Company, including the sale of the Company.Daniel J. Russell, Chief Executive Officer of Synex commented, "We have a strong and competitive business, with a diversified...
2023-10-30 1:16 PM EDT
Synex Renewable Energy Corporation Fourth Quarter of Fiscal 2023
Vancouver, British Columbia--(Newsfile Corp. - September 28, 2023) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company" or "Synex") announced its financial and operational results for the three months ended June 30, 2023 ("Q4 2023").Revenue for the three months ended June 30, 2023 ("Q4 2023") decreased to $713,648 from $992,282 ("Q4 2022"). Electricity sales in Q4 2023 were $731,697 compared with $998,970 in Q4 2022, a decrease of $267,273 as a result of lower power generation from the Mears, Cypress, and...
2023-09-28 5:29 PM EDT