Synex International Inc - Financing Update

VANCOUVER, Sept. 3, 2013 /CNW/ - Kyuquot Power Ltd., a wholly owned subsidiary 
of the Company, has entered into an amendment to the Credit Agreement with 
Canadian Western Bank as of July 31, 2013. The amendment primarily covered 
the further loan advance of about $321,000. As at July 31, 2013, the loan 
principal is now $700,000 and the interest rate is fixed for a three year term 
at 4.88% with a loan amortization period ending July 31, 2023. 
During late July 2013 and August 2013, directors and an officer exercised 
340,000 existing stock options which resulted in gross proceeds of $153,500 to 
the Company. 
The cash balance of the Company, including the Barr Creek Limited Partnership, 
at August 31, 2013 was approximately $1.2 million. The proceeds from the 
additional lending and exercise of stock options will be used primarily to 
fund project developments as well as for general working capital purposes. 
The Company is a successful hydroelectric developer and consultant in British 
Columbia. The Company wholly owns, or has proportionate interests in, a 
total of 12 MW of operating facilities. In addition, the Company has 
applications for water licences and land tenure on over 55 potential 
hydroelectric sites which are in various stages of development or intended for 
disposition. Mostly, the water licence applications are for projects with 
individual capacities of less than 10 MW. BC Hydro under the current 
Standing Offer Program accepts applications for electricity purchase 
agreements for up to forty years for projects with a maximum size of 15 MW. 
______________________________________ 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. 
400 - 1444 Alberni Street, Vancouver B C V6G 2Z4 Phone (604) 688 8271 
Ext. 309 Fax (604) 688 1286 Web 
To view this news release in HTML formatting, please use the following URL: 
CO: Synex International Inc.
ST: British Columbia
-0- Sep/03/2013 17:54 GMT
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