Synex International Inc. (TSX:SXI) will look for acquisitions. Synex International Inc. has closed two financing transactions to (1) refinance the Barr Creek hydro project (80% indirectly owned by Synex and 20% indirectly owned by Ehattesaht First Nation) with long-term, fixed-rate, non-recourse project financing, and (2) refinance certain other credit facilities from Canadian Western Bank, including in respect of its wholly owned subsidiary, Kyuquot Power Ltd., which owns and operates a regulated electrical distribution utility on the west coast of Vancouver Island. Selkirk Advisory Group Inc. acted as exclusive financial advisor to Synex for purposes of both financing transactions. "Closing of these two financings completes the process that Synex management has undertaken to restructure Synex's balance sheet, reduce ongoing financing costs, mitigate refinancing and interest rate risk, and provide additional working capital. Synex's management thanks its new lenders, Selkirk Advisory and respective legal counsels and consultants, as well as its partner on Barr Creek, Ehattesaht First Nation, for their collective efforts in achieving successful closing of these transactions," said Daniel J. Russell, President and Chief Executive Officer of Synex. "With the financings now closed, management will be focused on advancing Synex's development-stage projects and executing on accretive acquisition opportunities," added Mr. Russell.