Synex International Inc. Registration as Eligible Business Corporation

Vancouver, British Columbia (FSCwire) - Synex International Inc. (the “Company”) announces that the Company has been registered as an Eligible Business Corporation under the Small Business Venture Capital Act of the Province of British Columbia. The Company has also received an equity authorization in the amount of $1,000,000 effective April 7, 2017 to December 31, 2017. The program allows for the equity authorization to be withdrawn at any time with limited or no notice.

Under the equity authorization, persons or companies who subscribe for treasury shares of the Company are eligible to apply for a British Columbia tax credit in the amount of 30% of the subscription price of the shares. The tax credit is repayable to the Province of British Columbia in the event that the subscriber sells, transfers or disposes of the shares within 5 years of the date of purchase. The program includes a number of other qualifying conditions such as that the tax credits are limited and are available on a first come first serve basis.

The Company is proceeding to construction on the 4.3 MW Newcastle Creek Hydro Project and the 5 MW McKelvie Creek Hydro Project both located on Vancouver Island, British Columbia. Accordingly, the Company expects to advance potential private placements of treasury shares.

The Company is a successful hydroelectric developer and consultant in British Columbia. The Company wholly owns or has proportionate interests in a net total of 12 MW of operating facilities and 9 MW of construction ready facilities. In addition, the Company has applications for water licences and land tenure on 24 potential hydroelectric sites totaling over 150 MW of installed capacity.

“signed”

______________________________________

Greg Sunell, President

400 – 1444 Alberni Street, Vancouver B C V6G 2Z4

Phone (604) 688 8271 Ext. 309 Fax (604) 688 1286

E-mail: gsunell@synex.com Web Site: www.synex.com/

Forward Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These statements reflect our current expectations and are subject to change. They are subject to a number of risks and uncertainties including, but not limited to, changes in economic conditions, risks associated with the construction and operation of hydroelectric facilities and changes in government policies. The Company assumes no obligation to update or revise forward-looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required by applicable law.

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Synex04242017.pdf

Source: Synex International Inc. (TSX:SXI)

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