TSX : SXI
VANCOUVER, June 19 /CNW/ - Synex International Inc. has closed a private
placement in the amount of $2,304,060, which will result in the issuance of
3,491,000 common shares. The common shares were priced at $0.66 per share and
are restricted from trading for a period of four months from issuance. Agency
fees totaling $5,187.60 were paid to registered dealers.
The use of funds is mainly for Synex International to provide funds to
its wholly-owned subsidiary, Synex Energy Resources Ltd., to advance
electrical power developments and for general corporate purposes.
Synex International Inc. is a public company listed on the TSX with
businesses that cover the development, ownership and operation of electrical
generation facilities and the provision of consulting engineering services in
water resources, particularly hydroelectric facilities.
For further information:
For further information: Greg Sunell, President, 400 - 1444 Alberni
Street, Vancouver, BC, V6G 2Z4, Phone (604) 688-8271 Ext. 309, Fax (604)
688-1286, E-mail: email@example.com, Web Site: www.synex.com