Junex inc.

Junex inc.

June 03, 2005 23:59 ET

Junex files its annual information regarding Corporate governance practices and processes

QUEBEC CITY, June 3 - In accordance with the TSX Exchange's 3.1. Policy, Junex (JNX : TSXV) has today filed with the Authorities its Corporate governance practices and policies in connection with the 14 Guidelines developed by the Toronto Stock Exchange. The document is available on Sedar at the following address: www.sedar.com under the category "Management Proxy Material."

Management's appointments

The Board of directors of Junex is pleased to announce the appointment of Mr. Mathieu Lavoie as Vice President Operations and the appointment of Mr. Dave Pépin as Vice President Corporate Affairs of the Corporation. Mr Lavoie
and Mr Pépin have both been involved in the development of the Company during the last years and their appointment to the Management of the company is in line with our long-term growth objectives.

Closing of a private placement

Junex has completed the private placement previously announced in a press release dated March 11, 2005. As stipulated with the debenture agreement signed on July 31, 2004, Junex Inc. (JNX: TSX Venture) intends to issue a
total of 26 861 common shares to Sidex as an interest payment on this non-guaranteed convertible debenture. Subject to the Regulatory approval, the shares will be issued at a price of $0.90 per share, based on the average
trading price for the 20-day period preceding the date of payment.

The TSX Venture Exchange refuses all responsibilities concerning the veracity or exactitude of this release.

%SEDAR: 00015378EF

Contact Information

  • Mr. Jean-Yves Lavoie, P. Eng.,
    President and
    chief of exploitation,
    Junex inc.,
    (418) 654-9661

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