Synex International Inc. initiation of annual cash dividend
May 11 2012 - 5:08AM
PR Newswire (Canada)
TSX : SXI VANCOUVER, May 14, 2012 /CNW/ - Synex International Inc.
(the "Company") announces the initiation of a dividend in the
amount of one-cent ($0.01) per share, which is intended to be paid
annually. The first dividend will be payable on or about June
28, 2012 to shareholders of record at the close of business on June
15, 2012. The ex-dividend date shall be the close of business
on June 13, 2012. The decision of the Board of Directors to
introduce a dividend demonstrates its confidence in the ability of
the existing operating assets to consistently generate positive
cashflows. The Company also advises that it has completed the
purchase of a further $100,000 of shares of Robson Valley
Power Corporation ("RVPC"). After combining this purchase
with its existing shares, the Company now owns 11% of RVPC. Synex
International Inc is an experienced run of river hydroelectric
developer and consultant in British Columbia with over 15
professionals located in the Vancouver office. The Company
wholly owns or has interests in 12 MW of operating facilities and
has applications for water licences and land tenure on over 70
potential hydroelectric sites which are in various stages of
development or for disposition. "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. Synex International Inc. CONTACT: Greg
Sunell, President400 - 1444 Alberni Street, Vancouver B C V6G
2Z4Phone (604) 688 8271 Ext. 309 Fax (604) 688 1286E-mail:
gsunell@synex.com Web Site: www.synex.com/
Copyright
Synex Renewable Energy (TSX:SXI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Synex Renewable Energy (TSX:SXI)
Historical Stock Chart
From Sep 2023 to Sep 2024