Synex Renewable Energy Corporation Announces Director Resignation

Rhea-AI Summary

Synex Renewable Energy (TSX: SXI) announced the resignation of director Adarsh Mehta effective January 20, 2025. Mehta, who joined the company's board in 2020 and served on the audit committee, leaves after approximately five years of service. The board expressed gratitude for Mehta's contributions during her tenure.

Positive

• None.

Negative

• Loss of experienced board member with audit committee expertise
• Reduction in board diversity with departure of female director
• Potential temporary gap in audit committee composition

Vancouver, British Columbia--(Newsfile Corp. - January 21, 2025) - Synex Renewable Energy Corporation (TSX: SXI) (the "Company" or "Synex") announced today that Adarsh Mehta has resigned as director of the Company effective January 20, 2025.

Ms. Mehta joined the board of directors of the Company in 2020, and also served on the audit committee of the Company. The board of directors of the Company wish to thank Ms. Mehta for her contributions to the Company.

About Synex Renewable Energy Corporation

Synex is a Vancouver, British Columbia based company engaged in the development, acquisition, ownership, and operation of renewable energy projects in Canada. It has ownership interests in 12 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 16 wind development sites that could provide up to 4,700 MW of clean power in British Columbia. For further information, visit www.synex.com.

For media inquiries, please contact:

Daniel J. Russell
President & CEO, Synex Renewable Energy Corporation
4248 Broughton Avenue, Niagara Falls, ON L2E 3K6
Phone (905) 329-5000
E-mail: daniel.russell@synex.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238027

FAQ

When did Adarsh Mehta resign from Synex Renewable Energy's board?

Adarsh Mehta resigned from Synex Renewable Energy's board effective January 20, 2025.

How long did Adarsh Mehta serve on Synex Renewable Energy's board?

Adarsh Mehta served on Synex Renewable Energy's board for approximately five years, having joined in 2020.

What positions did Adarsh Mehta hold at Synex Renewable Energy?

Adarsh Mehta served as a director and was a member of the audit committee at Synex Renewable Energy.

Has Synex Renewable Energy announced a replacement for Adarsh Mehta?

As of the announcement on January 21, 2025, Synex Renewable Energy has not announced a replacement for Adarsh Mehta.