Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Daniel Russell and the Concerned Shareholders Provide Progress Report on Judicial Proceedings

VANCOUVER, British Columbia, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Daniel Russell, the single largest shareholder of Synex International Inc. (the “Company”) (TSX: SXI), along with other concerned shareholders (collectively, the “Concerned Shareholders”), wish to report that the British Columbia Supreme Court (the “Court”) has booked a full day hearing to be held on December 20, 2018 to decide whether the decision by the Chair of the Company to disallow votes from over 50% of the Company’s shareholders at the annual shareholder meeting of the Company held on November 2, 2018 was correct.

While the Concerned Shareholders requested an earlier hearing date in accordance with established precedent, the Company remarkably represented to the Court during an administrative hearing on November 21, 2018 that there was no urgency and that the matter could proceed in the usual course. The Company has also refused to undertake to restrict its business to the ordinary course pending the judicial proceeding.

“It is extremely frustrating that the incumbents are not prepared to agree to such a basic and reasonable request,” stated Daniel Russell. “It is unfathomable that a board of directors who may have been improperly declared elected by the Chair continues to carry on the business of the Company without the support of more than 50% of the Company’s shareholders. I am concerned that the incumbents are wasting valuable Company resources instead of looking after the best interests of all shareholders. All shareholders need clarity and they need it immediately. In the meantime, we will watch the incumbents carefully. Any attempt to upset the status quo will be vigorously opposed, if necessary in court.”


This press release contains forward-looking statements. All statements that are not clearly historical in nature or that necessarily depend on future events are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. These statements are based on current expectations of the Concerned Shareholders and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. The Concerned Shareholders do not assume any obligation to update any forward-looking statements contained in this press release, except as required by applicable law.

Except where otherwise stated herein, the statements contained in this press release are not made by or on behalf of the management of the Company but are made by or on behalf of the Concerned Shareholders.

For more information please contact:

Daniel J. Russell
4248 Broughton Avenue
Niagara Falls, ON L2E 3K6
Telephone: 905-646-7545

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).