Business & Finance
Business and Finance
Business and Finance
Mon, January 31, 2011
Sun, January 30, 2011
Sat, January 29, 2011
Fri, January 28, 2011 SYNEX INTERNATIONAL INC. - BARR CREEK LIMITED PARTNERSHIP
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.
