VANCOUVER, British Columbia, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Russell Industries Corp. (“Russell
Industries”), a private company wholly-owned by Daniel J. Russell (“Russell”), announces today that
Russell Industries intends to sell 240,300 common shares (“Common Shares”) in the capital of Synex International
Inc. (“Synex”) through the facilities of the Toronto Stock Exchange (“TSX”) as soon as
practicable and that Russell intends to sell 491,000 Common Shares through the facilities of the TSX as soon as practicable.
Russell Industries further announces that in connection with the annual general meeting of the shareholders of
Synex scheduled to take place on November 2, 2018 (the “AGM”), Russell intends to effect a change in the board of
directors and management of Synex. Such change will be effected by Russell voting at the AGM all Common Shares held by him
personally, as well as all Common Shares for which he has been appointed proxyholder, in favour of an alternative slate of director
nominees which will be presented at the AGM. Russell is entitled to vote an aggregate of 19,760,998 Common Shares at the AGM,
personally or as proxyholder, which represents approximately 51.36% of the Common Shares entitled to vote at the AGM.
Synex’s head office is located at 400 - 1444 Alberni Street, Vancouver, British Columbia, Canada, V6G 2Z4. For
inquiries or a copy of the related early warning report required under Canadian provincial securities legislation, a copy of which
has also been filed on www.sedar.com, please contact:
Russell Industries Corp.
Contact person: Daniel J. Russell
4248 Broughton Avenue
Niagara Falls, ON L2E 3K6
Telephone: 905-646-7545
