Synex Renewable Energy Corporation Announces Completion of Private Placement
Vancouver, British Columbia--(Newsfile Corp. - June 30, 2023) - Synex Renewable Energy Corporation (TSX: SXI) (formerly, Synex International Inc.) ("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 $1.79 per Common Share. An aggregate of 167,597 Common Shares were issued for aggregate gross proceeds of $299,998.63.Synex expects to use the proceeds of the Offering for...
2023-06-30 4:10 PM EDT
Synex Renewable Energy Corporation (Formerly, Synex International Inc.) Announces Signing of 20-Year Electricity Purchase Agreement
Vancouver, British Columbia--(Newsfile Corp. - June 2, 2023) - Synex Renewable Energy Corporation (TSX: SXI) (Formerly, Synex International Inc.) (the "Company" or "Synex") is pleased to announce it signed a new 20-year Electricity Purchase Agreement ("EPA") through 2044 for its Mears Creek Plant with BC Hydro. The EPA is subject to regulatory approval by the British Columbia Utilities Commission."Mears Creek Plant has been providing electricity to the integrated grid on Vancouver Island for nearly two decades," said Daniel J. Russell,...
2023-06-02 7:30 AM EDT
Synex Renewable Energy Corporation (Formerly, Synex International Inc.) Third Quarter of Fiscal 2023
Vancouver, British Columbia--(Newsfile Corp. - May 15, 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 March 31, 2023 ("Q3 2023").Revenue for Q3 2023 decreased 2% to $864,645 from $884,428 for the three months ended March 31, 2022 ("Q3 2022"). Electricity sales in Q3 2023 were $839,053 compared with $857,414 in Q3 2022, a decrease of $18,361 as a result of lower...
2023-05-15 3:52 PM EDT
Synex Renewable Energy Corporation (Formerly, Synex International Inc.) Second Quarter of Fiscal 2023
Vancouver, British Columbia--(Newsfile Corp. - February 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 December 31, 2022 ("Q2 2023").Revenue for Q2 2023 decreased to $458,445 from $1,210,505 for the three months ended December 31, 2021 ("Q2 2022"). The reduction in revenue for Q2 2023 as compared to Q2 2022 was due to lower electricity generation. Electricity sales in Q2 2023...
2023-02-14 7:10 PM EST
Synex Renewable Energy Corporation Announces Proposed Private Placement
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2022) - Synex Renewable Energy Corporation (TSX: SXI) ("Synex" or the "Company") is pleased to announce a proposed non-brokered private placement financing (the "Offering") of up to 357,142 common shares ("Common Shares") in the capital of the Company at a price of $2.80 per Common Share for aggregate gross proceeds of up to approximately $1,000,000. No commissions or fees are payable in connection with the Offering. The proceeds from the Offering will be...
2022-12-21 4:37 PM EST
Synex Renewable Energy Corporation Annual General Meeting - Voting Results
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2022) - 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 25, 2022. Description of Matter Outcome of Vote
2022-12-15 5:05 PM EST
Synex Renewable Energy Corporation (Formerly, Synex International Inc.) First Quarter of Fiscal 2023
Vancouver, British Columbia--(Newsfile Corp. - November 10, 2022) - Synex Renewable Energy Corporation (TSX: SXI) (Formerly, Synex International Inc.) (the "Company" or "Synex") is pleased to announce its financial and operational results for the three months ended September 30, 2022 ("Q1 2023").Revenue for Q1 2023 reduced to $165,898 from $258,325 in the three months ended September 30, 2021 ("Q1 2022"). The reduction in revenue in Q1 2023 as compared to Q1 2022 was mainly due to lower electricity generation. Electricity...
2022-11-10 11:03 PM EST
Synex Renewable Energy Corporation (Formerly, Synex International Inc.) Fourth Quarter of Fiscal 2022
Vancouver, British Columbia--(Newsfile Corp. - September 28, 2022) - Synex Renewable Energy Corporation (TSX: SXI) (Formerly, Synex International Inc.) (the "Company" or "Synex") is pleased to announce its financial and operational results for the three months ended June 30, 2022 ("Q4 2022").Revenue for Q4 2022 increased to $992,282 from $973,307 in Q4 2021. The increase in revenue in Q4 2022 as compared to Q4 2021 was mainly due to an audit adjustment in the prior year. Electricity sales from Q4...
2022-09-28 5:21 PM EDT
Synex Renewable Energy Announces Normal Course Issuer Bid
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2022) - Synex Renewable Energy Corporation (TSX: SXI) (Formerly, Synex International Inc.) (the "Company" or "Synex") is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted a notice filed by Synex of its intention to make a normal course issuer bid ("NCIB").The TSX notice provides that Synex may, during the 12-month period commencing May 19, 2022 and terminating May 18, 2023, purchase up to 200,575 of Synex's common shares ("Common...
2022-05-17 8:00 AM EDT
Synex Renewable Energy Corporation (Formerly, Synex International Inc.) Third Quarter of Fiscal 2022
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2022) - Synex Renewable Energy Corporation (TSX: SXI) (Formerly, Synex International Inc.) (the "Company" or "Synex") is pleased to announce its financial and operational results for the three months ended March 31, 2022 ("Q3 2022").Revenue for Q3 2022 decreased to $884,428 from $1,058,954 in Q3 2021. Electricity sales for Q3 2022 were $857,414 compared with $1,031,486 in the three months ended March 31, 2021 ("Q3 2021"), which is a decrease of $174,072. The decrease in...
2022-05-11 5:00 PM EDT
Synex Renewable Energy Corporation Announces Senior Management Change
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2022) - Synex Renewable Energy Corporation (TSX: SXI) (formerly, Synex International Inc.) (the "Company" or "Synex") announced today that Victor Leung has resigned as Chief Financial Officer of the Company. The board of directors of the Company wishes to thank Mr. Leung for his contributions to the Company.Concurrently with the resignation of Mr. Leung, Hari Rupawala was appointed as the Chief Financial Officer of the Company. About Synex Renewable Energy Corporation (formerly,...
2022-02-22 5:42 PM EST
Synex Renewable Energy Corporation (Formerly, Synex International Inc.) Second Quarter of Fiscal 2022
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2022) - Synex Renewable Energy Corporation (TSX: SXI) (Formerly, Synex International Inc.) (the "Company" or "Synex") is pleased to announce its financial and operational results for the three months ended December 31, 2021 ("Q2 2022").Revenue for Q2 2022 increased to $1,210,505 from $1,175,348 in Q2 2021. Electricity sales for Q2 2022 were $1,216,042 compared with $1,172,606 in the three months ended December 31, 2020 ("Q2 2021"), which is an increase of $43,436. The...
2022-02-10 5:58 PM EST
Synex Renewable Energy Corporation Announces Share Consolidation and Name Change
Toronto, Ontario--(Newsfile Corp. - January 31, 2022) - Synex Renewable Energy Corporation (TSX: SXI) (formerly, Synex International Inc.) ("Synex", or the "Company") is pleased to announce that it has completed, effective today, a consolidation of the common shares in the capital of the Company (the "Shares") outstanding on the basis of ten (10) pre-consolidation Shares for every one (1) post-consolidation Share (the "Consolidation"), and has changed the name of the Company to "Synex Renewable Energy Corporation" (the "Name Change"). The...
2022-01-31 2:48 PM EST
Synex International Inc. Annual General Meeting - Voting Results
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2021) - Synex International Inc. (TSX: SXI) (the "Company") is pleased to report the voting results of the annual general meeting of shareholders of the Company held on November 26, 2021.Description of MatterOutcome of Vote
2021-11-26 4:30 PM EST
Synex International Inc. First Quarter of Fiscal 2022
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2021) - Synex International Inc. (TSX: SXI) (the "Company" or "Synex") is pleased to announce its financial and operational results for the three months ended September 30, 2021 ("Q1 2022").Revenue for Q1 2022 decreased to $258,325 from $324,530 in Q1 2021. Electricity sales for Q1 2022 were $258,466 compared with $320,577 in the three months ended September 30, 2020 ("Q1 2021"), which is a decrease of $62,111. The decrease in revenue for Q1...
2021-11-15 4:53 PM EST
Synex International Inc. Fourth Quarter of Fiscal 2021
Vancouver, British Columbia--(Newsfile Corp. - September 28, 2021) - Synex International Inc. (TSX: SXI) (the "Company" or "Synex") is pleased to announce its financial and operational results for the three months ended June 30, 2021 ("Q4 2021").Revenue for Q4 2021 increased to $973,307 from $922,043 in Q4 2020. Electricity sales from Q4 2021 were $971,493 compared with $918,157 in the three months ended June 30, 2020 ("Q4 2020"), which is an increase of $53,336. The increase in revenue for Q4...
2021-09-28 9:07 PM EDT
Synex International Inc. Refinances Barr Creek Hydro Project and Kyuquot Utility
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2021) - Synex International Inc. (TSX: SXI) ("Synex"), a Vancouver-based developer, owner and operator of renewable power projects, is pleased to announce the concurrent closing of two financing transactions to (1) refinance the Barr Creek hydro project (80% indirectly owned by Synex and 20% indirectly owned by Ehattesaht First Nation) with long-term, fixed-rate, non-recourse project financing, and (2) refinance certain other credit facilities from Canadian Western Bank, including in respect of its wholly...
2021-06-16 12:31 PM EDT
Synex International Inc. Third Quarter of Fiscal 2021
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2021) - Synex International Inc. (TSX: SXI) (the "Company" or "Synex") is pleased to announce its financial and operational results for the three months ended March 31, 2021 ("Q3 2021").Revenue for Q3 2021 increased to $1,058,954 from $1,049,390 in Q3 2020. Electricity sales from Q3 2021 were $1,031,486 compared with $1,022,392 in the three months ended March 31, 2020 ("Q3 2020"), which is an increase of $9,094. The increase in revenue for Q3...
2021-05-13 5:13 PM EDT
Synex International Inc. Refinances Cypress Creek and Mears Creek Hydro Projects
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2021) - Synex International Inc. (TSX: SXI) ("Synex"), a Vancouver-based developer, owner and operator of renewable power projects, is pleased to announce that it has refinanced its wholly-owned Cypress Creek and Mears Creek hydro projects with long-term, fixed-rate, non-recourse project financing. Selkirk Advisory Group Inc. acted as exclusive financial advisor to Synex for purposes of the refinancing. Synex is also in advanced stages of refinancing the Barr Creek hydro project (80% owned...
2021-04-29 12:41 PM EDT
Synex Celebrates International Women's Day and Updates Mission Statement
Toronto, Ontario--(Newsfile Corp. - March 8, 2021) - Synex International Inc. (TSX: SXI) ("Synex" or the "Company") is pleased to announce an update to its mission statement in celebration of International Women's Day.As the only utilities sector corporation listed on the Toronto Stock Exchange in the independent power producer industry with a female chair of the board of directors, the Company wants to further champion women's rights and has elected to update its corporate mission statement to better reflect the...
2021-03-08 8:00 AM EST