Synex International Inc. (TSX:SXI) signed a non-binding letter of intent to acquire Sea Breeze Power Corp. on June 23, 2020. As part of the transaction, Synex will acquire all of the outstanding shares of Sea Breeze. As per the announcement on November 3, 2020, the Synex has executed an extension to its letter of intent with SeaBreeze, extending the period by which it must sign a definitive agreement to November 30, 2020. In a related transaction, Synex Energy Resources Ltd., subsidiary of Synex, completed the sale of its 11% interest in the outstanding equity of Robson Valley Power Corporation for cash proceeds of CAD 0.28 million pursuant to a share purchase agreement with Mid-Mountain Developments Ltd. The transaction is expected to close in 2021. Synex International Inc. (TSX:SXI) completed the acquisition of Sea Breeze Power Corp. for CAD 1 on January 1, 2021.