Dear Fellow Shareholders,
As the summer months approach, we want to take this opportunity to provide a long awaited update to shareholders.
More specifically, we would like to give shareholders an update on the Kinskuch Project since the closing and sale last June, 2014. As per our agreement, Syntaris is entitled to certain milestone and development fees and a royalty on gross revenue from the project. Syntaris is not responsible for any further development costs. The project is proceeding as expected and explained in the Information Circular related to this project. The project developer, GDF Suez, is proceeding towards meeting the milestones; however, this is a complicated development.Accordingly, GDF Suez is maintaining its non-disclosure requirements throughout the project development process. While we cannot give a timeframe for completion, we are encouraged that the work GDF Suez is doing is progressing the project and they are workingdiligently to achieve that goal.
As developments occur, we will advise shareholders and specifically advise when material news occurs or milestones are achieved.
Finally, if you have moved, please let Computershare, our Transfer Agent, know so they can update our shareholder records. You can contact Evelyn Hsu by email at Evelyn.Hsu@computershare.com or Bill Grossholz will be happy to coordinate that for you by email at BGrossholz@syntaris.com . If you change your email address, or know someone who would like to be added to our email list, please email Bill Grossholz. Thank you for your continued support as shareholders and we look forward to providing more updates to you moving forward.
Further information can be obtained at any time by calling Bob Fraser at 604-727-6959.