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Gold/Mining/Energy : Synex International Inc. (SXI.T) -- Ignore unavailable to you. Want to Upgrade?

To: Dick Martin who wrote (25)	5/20/1999 12:50:00 AM
From: Dick Martin	Read Replies (1) \| Respond to of 42

Normal Course Issuer Bid for 750,000 shares VANCOUVER, May 19 /CNW/ - Synex International Inc. TSE: SXI Synex International Inc. announces that The Toronto Stock Exchange has accepted for filing a Notice of Intention to Make a Normal Course Issuer Bid, whereby up to 750,000 of the outstanding common shares, representing 4.7% of the 15,947,583 issued and outstanding shares, may be repurchased by the Company during the period from May 25, 1999 to May 24, 2000. The reasoning for the intended purchase is founded on the belief by Management that the market is continuing to significantly undervalue the shares of the Company. The Company intends to either cancel the repurchased shares or make the repurchased shares available to its directors and employees, under an arrangement approved by The Toronto Stock Exchange, for purchase at prices exceeding the repurchased cost. Synex has conducted a Normal Course Issuer Bid during the past 12 months, commencing on May 23, 1998 and with a termination date of May 22, 1999. As at May 19, 1999, 321,000 shares of the allowable 600,000 shares were repurchased at an average price per share of $0.63. ON BEHALF OF THE BOARD OF DIRECTORS (signed) _______________ Alan W Stephens President %SEDAR: 00002435E -0- 05/19/1999