Junex inc.
TSX VENTURE : JNX

Junex inc.

June 13, 2005 23:59 ET

Junex announces closing of private placement

QUEBEC, June 13 - Junex Inc. (JNX : TSX Venture Exchange) has completed a private placement by issuing an aggregate of 1,052,632 common shares at a price of $0.95 per share to SIPAR Inc. and to FONDACTION, Le Fonds
de développement de la Confédération des Syndicats Nationaux pour la Coopération et l'Emploi, for gross proceeds to Junex of $1,000,000. Each common share is accompanied by one half of a common share purchase warrant.
Each whole warrant will entitle the holder thereof to acquire one additional common share at a price of $1.10 per share for a period of 36 months following the closing of the private placement.

Under applicable securities legislation and the policies of the TSX Venture Exchange, the common shares and warrants are subject to a hold period expiring on October 11, 2005.

The proceeds from the private placement will be used by Junex to continue work on the company's Bécancour project, located in the Province of Quebec, as well as for working capital purposes.

About Junex

Active in the energy sector, Junex is a unique company in Quebec since it is the only natural brine and natural gas producer in the province. In parallel to these production activities, which are focussed on the Bécancour
area for the brine and the Gaspé area for the natural gas, Junex is pursuing its efforts to develop an underground storage facility for natural gas under the industrial park of Bécancour. With more than 4 million acres under
exploration permits, Junex is also the leader in oil and gas exploration in Quebec.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

%SEDAR: 00015378EF

Contact Information

  • Junex Inc.
    Mr. Jean-Yves Lavoie,
    President,
    (418) 654-9661

    Junex Inc.
    Mr Dave Pépin,
    Corporate affairs,
    (418) 654-9661