Junex inc.

Junex inc.

December 01, 2005 09:49 ET

Junex announces financing for up to $3,000,000

QUEBEC CITY, Dec. 1 - Junex Inc. (JNX : TSXV) ("Junex")
announces an offering of flow-through shares and units by way of private
placement for up to $3,000,000. National Bank Financial will act as the
exclusive agent of Junex for the offering. Subject to regulatory approval, the
private placement will consist of a maximum issuance of 1,428,571 flow-through
shares at a price of $1.40 per share and a maximum issuance of 833,333 units
at a price of $1.20 per unit. Each unit will consist of one common share and
one half of one common share purchase warrant, each whole warrant entitling
its holder to purchase one common share of Junex at a price of $1.40 for a
period of 24 months following the closing of the offering. National Bank
Financial will have an option to increase the size of the offering by a number
of flow-through shares and units equal to 10% of the offering in order to
satisfy any excess demand.

"We are pleased to be associated with National Bank Financial, a leading
investment dealer in Canada". Junex has just filed its 2005 third quarter
financial statements showing its first ever quarterly net profit. These third-
quarter results indicate that we have reached a positive EBITDA of almost
$250,000 for the third quarter, during which our sales increased from $100,184
in 2004 to $754,151 in 2005. These financial statements (available on
www.sedar.ca) demonstrate that Junex has considerably strengthened its
financial position. Furthermore, with the recent arrival of Talisman Energy
and Team Energy to the exploration sector in the province of Quebec, our
territory's potential for oil and gas discoveries has never been as strong"
commented Mr. Jean-Yves Lavoie, president of Junex.

About Junex

Active in the natural resources 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 its production activities, located in the Bécancour
area (brine) and in Gaspé (natural gas), Junex continues its efforts to
develop a natural gas underground storage facility beneath the Bécancour
industrial park. With more than 4 million acres under exploration permit in
Quebec (including the permits held by Petrolia on which Junex holds a 50%
interest in future production), Junex is also the leading oil and gas producer
and explorer in the province. Junex also holds a 18% interest in the stock of
Petrolia (PEA : TSX Venture).

The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
%SEDAR: 00015378EF c2087

Contact Information

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

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