Junex Inc.

Junex Inc.

May 02, 2012 09:30 ET

Junex Selects D&D Securities Inc. as Market-Maker

QUEBEC CITY, QUEBEC--(Marketwire - May 2, 2012) - Junex Inc. (TSX VENTURE:JNX) is pleased to announce that it has retained D&D Securities Inc. of Toronto, Ontario, to provide market-making services. The market-making services will be undertaken by D&D in compliance with the guidelines of the TSX Venture Exchange.

The rules of the TSX Venture Exchange define market-making activities as follows: "Proper market-making activity corrects temporary imbalances in the supply of and demand for an issuer's securities. The market should be allowed to rise and fall naturally, with the market-making activity operating primarily to smooth out these imbalances and facilitate an orderly market. Although a person involved in market-making is not expected to ignore his or her economic self-interest or be precluded from also holding securities for investment purposes, he or she should normally be selling into a rising market and buying into a falling market. If the price stabilizes and there are sufficient buyers and sellers on both sides of the market, market-making activities should generally not occur at a level which materially affects the market."

Under the terms of the agreement, Junex will pay D&D a monthly fee of $5,000 plus applicable taxes for the services for a period of up to twelve months effective immediately. There are no performance factors contained in the agreement, and D&D will not receive any shares or options from Junex as compensation for the services it will render. Junex and D&D are unrelated and unaffiliated entities, but D&D and/or its clients have or may have a direct interest in the securities of Junex.

The agreement is subject to approval by the TSX Venture Exchange.

About D&D Securities Inc.

Based in downtown Toronto, D & D Securities Inc. is a full service investment dealer specializing in investment banking, wealth management, and institutional sales and trading. D & D Securities Inc. has participated in approximately 100 financings since 2006, and has successfully helped raise over $1 billion. D & D Securities Inc. is a Member of The Canadian Investor Protection Fund (CIPF), the Investment Industry Regulatory Organization of Canada (IIROC) and is a Participating Organization of the Toronto Stock Exchange.

About Junex

Junex is a junior oil and gas exploration company that holds exploration rights on approximately 5.2 million acres of land located in the Appalachian basin in the Province of Quebec. The company is in the heart of the Utica Shale gas discovery located in the St. Lawrence Lowlands and holds a significant land-package on the Anticosti Island where an independent report has provided their Best Estimate of the undiscovered shale oil initially-in-place ("OIIP") volume for the Macasty Shale on all five of Junex's permits on Anticosti Island at 12.2 billion barrels. In parallel to its exploration efforts in Quebec and expansion of its exploration activities elsewhere, Junex's goal is to achieve positive cash flows from its natural brine and drilling services operations.

Forward-Looking Statements and Disclaimer

Certain statements in this press release may be forward-looking. Forward-looking statements are based on the best estimates available to Junex at the time and involve known and unknown risks, uncertainties and other factors that may cause Junex's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. A description of the risks affecting Junex's business and activities appears under the heading "Risks and Uncertainties" on pages 8 to 11 of Junex's 2010 annual management's discussion and analysis, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that Junex will derive therefrom. In particular, no assurance can be given as to the future financial performance of Junex. Junex disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event. The reader is warned against undue reliance on these forward-looking statements.

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.

Contact Information

  • Junex Inc.
    Mr. Jean-Yves Lavoie
    Chief Executive Officer

    Junex Inc.
    Mr. Dave Pepin
    Vice President - Corporate Affairs