Inactive Instrument

Synodon Inc. Toronto S.E.

Equities

SYD

CA87163U1030

Environmental Services & Equipment

Synodon : Suspends Interest Payments on Debt

June 07, 2016 at 01:49 pm EDT

Edmonton, Alberta
June 2, 2016

Synodon Inc. [TSXV-SYD] announced that it has suspended interest payments in connection with the loan from Cranberry Capital Inc., which is an event of default under the loan.

For more information, please contact:

Synodon Inc.
Mahesh Liyanage
Chief Financial Officer
Phone: 780.468.9568

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

7
JUN

Synodon Inc. published this content on 07 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 June 2016 17:49:06 UTC.

Original documenthttp://www.synodon.com/synodon-suspends-interest-payments-on-debt/

Public permalinkhttp://www.publicnow.com/view/04C0CD97C3575AAE4EDF51E92F0B30FEAEAEE11C

Latest news about Synodon Inc.

Synodon Inc. Announces Executive Changes	16-12-02	CI
Synodon, Inc. Announces Resignation of Paul van Eeden as Executive Chairman and Director	16-11-16	CI
Mahesh Liyange and Melvin Mak acquired 31.47% stake in Synodon, Inc. from Cranberry Capital Inc.	16-10-25	CI
Synodon, Inc. Intends to Change its Financial Year End from October 31 to December 31	16-09-27	CI
Synodon Inc. Announces the Resignation of Nimal Rodrigo as President, Effective from July 31, 2016	16-06-01	CI
Synodon, Inc. Appoints John Pinsent as Chairman of Special Committee	16-05-05	CI
Synodon Evaluates Strategic Alternatives	16-05-05	CI
Synodon, Inc. Auditor Raises 'Going Concern' Doubt	16-02-28	CI
Synodon, Inc. Appoints Mahesh Liyanage as New Chief Financial Officer, Effective from March 1, 2016	16-02-04	CI
Synodon, Inc. Appoints Nimal Rodrigo as President	16-01-22	CI
Synodon, Inc. Announces the Resignation of Deborah Rodrigo as Chief Financial Officer, Effective April 11, 2016	16-01-11	CI
Synodon, Inc. announced that it has received CAD 1.59 million in funding.	15-12-10	CI
Synodon, Inc. announced that it expects to receive CAD 2 million in funding.	15-11-01	CI
Synodon Inc. Receives Order to Provide Leak Detection and Other Right of Way Integrity Management Services	15-09-16	CI
Synodon Signs Consulting Agreement with Tropheus Ventures Limited	15-08-27	CI
Synodon, Inc.(TSXV:SYD) dropped from S&P/TSX Venture Composite Index	15-07-20	CI
Synodon Inc. Receives Order for Leak Detection Service	15-06-08	CI
Synodon Inc. Announces Executive Changes	15-05-07	CI
Synodon Inc. Signs Multi Year, Triannual Contract with Oil Pipeline Operator	15-04-30	CI
Synodon Announces Closing of $3 Million Bridge Loan Facility with Cranberry Capital Inc	15-04-06	CI
Synodon Announces Appointment of Paul Van Eeden as Executive Chairman	15-03-19	CI
Synodon Inc. Announces Revenue Results for the Fourth Quarter and Full Year Ended October 31, 2014	15-03-02	CI
Synodon, Inc. Auditor Raises 'Going Concern' Doubt	15-03-01	CI
Synodon Signs Partnership Agreement with Gateway Services Group	15-02-23	CI
Synodon Inc.'s Customer Renews realSens Contract for a 3-Year Term	15-01-13	CI

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Company Profile

Synodon Inc. (Synodon) is a Canada-based company focused on providing aerial integrity management solutions for oil and gas pipeline operators. The Company has developed a remote gas sensing instrument called realSens that is capable of detecting ground-level hydrocarbon gas occurrences from an aircraft flying at an altitude of approximately 300 meters (approximately 1,000 feet). The instrument contains a high definition photographic camera, a thermal camera, laser altimeter, global positioning system (GPS)/inertial navigation system (INS) system, on-board computer, control unit, power supply and an in-cockpit display system. It offers airborne pipeline integrity management services to operators of oil and gas pipelines, which include leak detection, pipeline threat assessment, Right-of-Way (R0W) change and slope analysis, tree canopy encroachment, water crossing analysis (including three-dimensional (3-D) water crossings analysis) and pipeline location classification services.

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