Early Warning Report for Synex International Inc.

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Vancouver, British Columbia–(Newsfile Corp. – March 1, 2021) – Daniel J. Russell announces today that on February 26, 2021 he acquired ownership of 200,000 common shares (the “Purchased Shares“) in the capital of Synex International Inc. (the “Issuer“), representing approximately 0.51% of the issued and outstanding common shares (the “Common Shares“) in the capital of the Issuer (the “Acquisition“).

The Purchased Shares were acquired through normal course purchases through the facilities of the Toronto Stock Exchange for $0.25 per Purchased Share in cash, for an aggregate amount equal to C$50,000.

Prior to the Acquisition, Daniel J. Russell owned, or had control or direction over, 21,137,800 Common Shares and 440,000 options to purchase Common Shares (“Options“), representing approximately 54.07% of issued and outstanding Common Shares on a partially diluted basis. After the Acquisition, Daniel J. Russell owns, or has control of direction over, 21,337,800 Common Shares and 440,000 Options, representing approximately 54.57% of the issued and outstanding Common Shares on a partially diluted basis.

Daniel J. Russell acquired the Shares for investment purposes. Daniel J. Russell may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of the Issuer.

This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues which requires a report to be filed under the Issuer’s profile on SEDAR (www.sedar.com) containing additional information respecting the foregoing matters.

The Issuer’s head office is located at 400 – 1444 Alberni Street, Vancouver, British Columbia, Canada, V6G 2Z4. For inquiries or a copy of the related early warning report required under Canadian provincial securities legislation, a copy of which has also been filed on www.sedar.com, please contact:

Daniel J. Russell
524 Locust Street
Burlington, Ontario L7S 1V2
Telephone: 905-646-7545

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75684