Off-market insider buying at Synex Renewable Energy (SXI)

Off-market insider buying at Synex Renewable Energy (T:SXI)

Daniel Russell, CEO, Director and 10% Holder, acquired 247,007 Common Shares on a control or direction basis for registered holder Russell Industries Corp. at a price of $1.750 through a prospectus or prospectus exempt offering on November 22nd, 2023. This represents a $432,262 investment into the company's shares and an account share holdings change of 12.4%.

Richard David McGivern, a Subsidiary Executive, acquired 8,500 Common Shares on a direct ownership basis at a price of $1.750 through a prospectus or prospectus exempt offering on November 22nd, 2023. This represents a $14,875 investment into the company's shares and an account share holdings change of 32.7%.

Synex Renewable Energy is in the Electric Utilities Sub Industry Group under the Utilities Sector.

Synex Renewable Energy Corporation is a Canada-based company, which is engaged in the development, acquisition, ownership, and operation of renewable energy projects in Canada. It has ownership interests in 12 megawatts (MW) of operating hydro projects in British Columbia and owns a Vancouver Island grid connection and utility carrying on business as Kyuquot Power Ltd. The Company also has 9.4 MW of construction ready run-of-river projects, applications, and land tenures on another 24 potential hydroelectric sites totaling over 150 MW of capacity, and approximately 17 wind development sites that could provide up to 4,850 MW of clean power in British Columbia. The principal classes of business of the Company are the funding and development of energy projects, and the provision of engineering and project management services. The Company's subsidiaries include Synex Energy Resources Ltd and Sigma Engineering Ltd., Kyuquot Power Ltd., Sea Breeze Power Corp. and others.