Synex Renewable Energy Corporation announced a non-brokered private placement of 355,507 common shares at a price of CAD 1.75 per common share for aggregate gross proceeds of CAD 622,137.25 on November 22, 2023. The transaction included participation from 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 offering pursuant to applicable securities laws.