Synex International

Synex International Inc. Third Quarter of Fiscal 2021

Retrieved on: 
Thursday, May 13, 2021

b'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").\nRevenue for Q3 2021 increased to $1,058,954 from $1,049,390 in Q3 2020.

Key Points: 
  • b'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").\nRevenue 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 total loan principal outstanding to the Canadian Western Bank was $12,673,789 at March 31, 2021 as compared to $13,172,287 at June 30, 2020.
  • In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, Synex has made certain assumptions.

Synex International Inc. Refinances Cypress Creek and Mears Creek Hydro Projects

Retrieved on: 
Thursday, April 29, 2021

b'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.

Key Points: 
  • b'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.
  • Synex is also in advanced stages of refinancing the Barr Creek hydro project (80% owned by Synex and 20% owned by Ehattesaht First Nation), with similar long-term non-recourse project financing.\nCypress Creek is a 2.8 MW run-of-river hydro project which commenced operations on July 31, 2009.
  • Mears Creek is a 3.8 MW run-of-river hydro project which commenced operations on January 1, 2004.
  • The refinancing for both projects was completed by way of a single, long-term, fixed-rate project financing of approximately $6.6 million.

Synex International Inc. Acquires Sea Breeze Power Corp.

Retrieved on: 
Monday, January 4, 2021

Vancouver, British Columbia--(Newsfile Corp. - January 4, 2021) - Synex International Inc. (TSX: SXI) ("Synex" or the "Company"), is pleased to announce that on January 1, 2021, Synex Energy Resources Ltd., a British Columbia corporation wholly-owned by Synex completed the purchase of all of the issued and outstanding shares of Sea Breeze Power Corp. ("Sea Breeze"), a privately held British Columbia corporation.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - January 4, 2021) - Synex International Inc. (TSX: SXI) ("Synex" or the "Company"), is pleased to announce that on January 1, 2021, Synex Energy Resources Ltd., a British Columbia corporation wholly-owned by Synex completed the purchase of all of the issued and outstanding shares of Sea Breeze Power Corp. ("Sea Breeze"), a privately held British Columbia corporation.
  • Sea Breeze's assets consist of approximately 18 investigative licenses suitable for wind, solar and storage sites that Sea Breeze has been developing over 20 years at a cost of over $30,000,000.
  • Sea Breeze is currently in discussions to develop one or more of these sites for green Hydrogen development.
  • Synex expects that Sea Breeze's assets, once built, could have the ability to provide up to 4,875 MW of green power, which could contribute to Canada's expected transition to a green hydrogen economy.

Synex International Inc. Third Quarter of Fiscal 2020

Retrieved on: 
Tuesday, May 26, 2020

VANCOUVER, British Columbia, May 25, 2020 (GLOBE NEWSWIRE) -- Synex International Inc. (TSX: SXI) For the three months ended March 31, 2020 (Q3 2020), revenue increased to $1,049,390 from $781,529 in the corresponding period in fiscal 2019 (Q3 2019).

Key Points: 
  • VANCOUVER, British Columbia, May 25, 2020 (GLOBE NEWSWIRE) -- Synex International Inc. (TSX: SXI) For the three months ended March 31, 2020 (Q3 2020), revenue increased to $1,049,390 from $781,529 in the corresponding period in fiscal 2019 (Q3 2019).
  • For the nine months ended March 31, 2020, revenue increased to $2,404,173 from $2,303,999 in the corresponding period in fiscal 2019.
  • Electricity sales for the nine months ended March 31, 2020 were $2,309,380, which is $207,315 higher than the corresponding period in fiscal 2019.
  • The net income per share in Q3 2020 was $0.01 as compared to a loss of $0.01 in Q3 2019.