SYNEX INTERNATIONAL INC. - BARR CREEK LIMITED PARTNERSHIP
January 28 2011 - 6:10PM
PR Newswire (Canada)
VANCOUVER, Jan. 28 /CNW/ -- TSX : SXI VANCOUVER, Jan. 28 /CNW/ -
The Barr Creek Limited Partnership ("BCLP") and its general
partner, Barr Creek Hydro Ltd. ("BCHL") are developing the Barr
Creek Hydro Project (the "Project"). The Project is a 4.4 MW
hydroelectric plant to be located near the Village of Tahsis on
Vancouver Island, British Columbia. BCLP and BCHL will own,
construct and operate the Project. The limited partners in BCLP are
Synex Energy Resources Ltd. ("SERL"), a wholly owned subsidiary of
Synex International Inc., and the Ehatteshat Tribe ("EFN").
Effective January 25, 2011, the EFN exercised their option
previously announced by Synex International Inc. on October 4, 2010
and purchased an additional 10% of the partnership units of BCLP
and 10% of the shares of BCHL from SERL. After completion of the
purchase, SERL holds 80% of the units and shares and EFN holds 20%
of the units and shares of BCLP and BCHL, respectively. Synex
International Inc. is a public company, trading on the TSX since
1987, with business interests that cover the development, ownership
and operation of electrical generation facilities and the provision
of consulting engineering services in water resources, particularly
hydroelectric facilities. "signed"
______________________________________ Greg Sunell, President 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. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/January2011/28/c6291.html
p400 - 1444 Alberni Street, Vancouver BC V6G 2Z4br/ Phone
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Web Site: ua href="http://www.synex.com/"www.synex.com//a/u/p
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