Synex Renewable Energy Corporation News Releases

Sitka Power Inc. Completes Acquisition of Synex Renewable Energy Corporation

Fri, 01 Aug 2025 15:25:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - August 1, 2025) - Synex Renewable Energy Corporation (TSX: SXI) ("Synex" or the "Company") and Sitka Power Inc. ("Sitka") are pleased to announce the completion today of the acquisition of all of the common shares of Synex (the "Common Shares") by Sitka in an all-cash transaction pursuant to a plan of arrangement (the "Arrangement") under Part 9, Division 5 of the Business Corporations Act (British Columbia). Sitka acquired each Common Share for...

Synex Renewable Energy Corporation Announces Regulatory Approvals

Thu, 31 Jul 2025 21:05:00 -0400

Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Synex Renewable Energy Corporation (TSX: SXI) ("Synex" or the "Company") announced today that the British Columbia Utilities Commission, the Province of British Columbia, and the British Columbia Hydro and Power Authority have each provided the respective requisite approval in connection with the previously announced statutory plan of arrangement pursuant to the Business Corporations Act (British Columbia) (the "Arrangement"),...

Synex Renewable Energy Corporation Announces Voting Results from the Special Meeting of Shareholders

Tue, 27 May 2025 16:30:00 -0400

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...

Synex Renewable Energy Corporation Announces Third Quarter Results

Tue, 13 May 2025 12:23:00 -0400

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...

Synex Renewable Energy Corporation Files Circular for Special Meeting of Shareholders and Announces Receipt of Interim Court Order for Plan of Arrangement

Tue, 29 Apr 2025 08:00:00 -0400

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...

Synex Renewable Energy Corporation Announces Agreement to be Acquired by Sitka Power Inc. for C$2.40 Per Share in Cash

Fri, 28 Mar 2025 07:30:00 -0400

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...

Synex Renewable Energy Corporation Announces Second Quarter Results and the Appointment of a Director

Fri, 14 Feb 2025 16:14:00 -0500

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...

Synex Renewable Energy Corporation Announces Director Resignation

Thu, 30 Jan 2025 08:02:00 -0500

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...

Synex Renewable Energy Corporation Announces Director Resignation

Tue, 21 Jan 2025 19:07:00 -0500

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...

Synex Renewable Energy Corporation Annual General Meeting - Voting Results

Fri, 06 Dec 2024 20:23:00 -0500

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 To set the number of directors at six (6) The resolution was passed by the requisite majority. Details of the voting was as follows: For:Against: 3,963,616(93.43%)278,728(6.57%) To elect the directors of...