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.
SOURCE Synex International Inc.