Synex Renewable Energy Corporation announced that it has completed a non-brokered private placement and it has issued of 167,597 common shares at an issue price of CAD 1.79 per common share for aggregate gross proceeds of CAD 299,998.63 on June 30, 2023. The transaction involved the issuance of common shares to certain insiders of the company. The common shares issued pursuant to the offering will be subject to a four month hold period from the closing of the transaction pursuant to applicable securities laws.