Junex Announces Changes to its Board of Directors, Amendment to Stock Option Plan and Grant of Options
Published : November 19, 2012
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Keywords :   Canada | Growth | Market | Oil | Report | Shale Oil |

MONTREAL, QUEBEC--(Marketwire - Nov. 19, 2012) - Junex Inc. ("Junex" or the "Corporation") (News - Market indicators) is pleased to announce the appointment of Guylaine Saucier as an independent director of the Corporation. Ms. Saucier will fill the vacancy created among the board of directors by the resignation of Roberto Aguilera. The resignation of Mr. Aguilera and the appointment of Ms. Saucier are both effective immediately. Ms. Saucier will also sit on the Audit Committee of the Corporation. Ms. Saucier is the Director proposed by Investissement Quebec following the private placement which closed on June 2012.

Ms. Saucier is a former Chairman of the Board of Directors of the Canadian Broadcasting Corporation, a former director of the Bank of Canada, a former Chair of the Canadian Institute of Chartered Accountants (CICA), a former director of the International Federation of Accountants, and was Chair of the Joint Committee on Corporate Governance established by the CICA, the Toronto Stock Exchange and the Canadian Venture Exchange, is a director of AREVA and Wendel and was also the first woman to serve as President of the Quebec Chamber of Commerce. She serves as a director of the Fondation du Musée des Beaux Arts. Mme Saucier obtained a B.A. from Collège Marguerite-Bourgeoys and a B.Comm. from the École des Hautes Études Commerciales, Université de Montréal. She is a Fellow of the Institute of Chartered Accountants and a Member of the Order of Canada. In 2004, she received the Fellowship Award from the Institute of Corporate Directors, in 2007, she obtained the Institute Certified Designation from the Institute of Corporate Directors, and in 2010, Administrateur de Société Emérite from Collège des Administrateurs de sociétés.

"We would like to thank Roberto for his outstanding contribution to the growth and success of Junex", said Jean-Yves Lavoie, Chief Executive Officer of Junex. "We are delighted to welcome Guylaine Saucier to our board of directors. Junex will benefit from her extensive public company experience and her expertise in the fields of corporate governance and finance".

The Corporation is also pleased to announce that the board of directors has amended its stock option plan so as to increase the maximum number of common shares reserved for issuance pursuant to the exercise of options from 3,500,000 to 6,000,000, representing less than 10% of the current number of issued and outstanding common shares of Junex. There are currently 2,956,666 options issued and outstanding under the plan. In addition, the Corporation is pleased to announce that it has granted incentive stock options, pursuant to the Corporation's stock option plan, to three officers and 13 employees for the purchase of up to an aggregate of 1,364,000 common shares of the Corporation for a period of ten years at a price of $0.71 per share. The foregoing amendment and grants are subject to regulatory approval.

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 2011 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.

Junex Inc.
Mr. Peter Dorrins
President and COO
Junex Inc.
Mr. Dave Pepin
Vice President - Corporate Affairs
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Junex Inc.

ISIN : CA4818631083
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Junex is an exploration company based in Canada.

Junex holds various exploration projects in Canada.

Its main exploration properties are HALDIMAND WELL, SHALE GAS DE BECANCOUR, HALDIMAND and CHAMPLAIN in Canada.

Junex is listed in Canada and in United States of America. Its market capitalisation is CA$ 30.3 millions as of today (US$ 23.6 millions, € 19.4 millions).

Its stock quote reached its highest recent level on June 06, 2008 at CA$ 8.22, and its lowest recent point on December 19, 2014 at CA$ 0.24.

Junex has 79 650 000 shares outstanding.

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Corporate Presentations of Junex Inc.
2/22/2010Research note from LBS
5/28/2008Research Report with $9.50 target price.
Financings of Junex Inc.
6/3/2008Announces $20.5 Million Bought Deal Private Placement
Project news of Junex Inc.
9/19/2016Junex's Galt No. 4 Well Continues to Deliver Strong Results
12/11/2012oil discovery in TexasImportance: Normal
7/3/2012starts drilling at GaltImportance: Normal
4/25/2012announces Exploration program on AnticostiImportance: Normal
9/7/2011Anticosti Island Oil Exploration Program
7/9/2008(Haldimand)resumption of operations at the Haldimand oil discovery
4/1/2008(Shale Gas De Becancour)US-Based Partner Releases Information
1/22/2008(Shale Gas De Becancour)Frac job completed for Shale gas project in Quebec
11/21/2007(Champlain) completes Champlain #2 well
Corporate news of Junex Inc.
7/28/2017Signs an Agreement with the Government of Qu=E9bec Regarding...
7/25/2016Junex Announces Shares for Debt Transaction
7/6/2016Junex Provides Operations Update for its Galt Oil Project
6/30/2016Junex Provides Operations Update for its Galt Oil Project
6/16/2016Junex Welcomes the Quebec Government's Decision to Authorize...
5/2/2016Independent Study: More Oil than Gas on AnticostiImportance:...
5/2/2016Independent Study: More Oil than Gas on Anticosti
5/2/2016Junex Inc./Independent Study: More Oil than Gas on Anticosti
3/16/2016Junex Comments on its Trading Activity
3/2/2016Junex Moves Ahead on its Galt Oil Project
1/21/2016Junex selected in the 2016 TSX Venture 50
12/22/2015Junex Selects D&D Securities Inc. as Market-Maker
11/19/2015Mr. Andre Gaumond Joins Junex's Board of Directors
10/29/2015Junex Comments on the Anticosti Economic Assessment released...
10/1/2015Junex Provides an Operations Update for its Galt Oil Project
8/31/2015Junex Provides More Detail on the Resource Evaluation of its...
8/3/2015Junex Starts Drilling its Galt No. 5 Horizontal Well on its ...
8/3/2015Junex's Closes the Second Portion of a Private Placement for...
7/29/2015Junex Starts Drilling Its Galt No. 5 Horizontal Well on Its ...
7/22/2015Junex's Closes the Second Portion of a Private Placement for...
7/16/2015Junex's Drilling Rig Now Installed in Preparation for the Dr...
7/3/2015Junex Closes a Portion of its Private Placement for Proceeds...
6/26/2015Junex Provides Operations Update for its Galt Oil Property
6/9/2015Junex Announces a 69% Increases of its Total Oil-Initially-i...
5/22/2015Junex Announces Private Placement of up to $22,000,000
5/22/2015IIROC Trading Resumption - JNX
5/22/2015IIROC Trading Halt - JNX
3/17/2015Junex’s Galt No. 4 Horizontal Well Continues to Deliver Stro...
3/16/2015Junex's Galt No. 4 Horizontal Well Continues to Deliver Stro...
2/23/2015Junex Records a Steady Rate of 316 Barrels of Oil per Day in...
2/23/2015Junex Records a Steady Rate of 316 Barrels of Oil Per Day in...
2/2/2015Following Rapid Pressure Build-up, Junex Starts a Longer Pro...
2/2/2015Following Rapid Pressure Build-up, Junex Starts a Longer Pro...
1/27/2015Junex Production Tests Oil at 161 Barrels per Day in its Gal...
1/27/2015Junex Production Tests Oil at 161 Barrels per Day in its Gal...
12/22/2014Update on Operations at Junex’s Galt No. 4 Horizontal Well
12/19/2014Update on Operations at Junex's Galt No. 4 Horizontal Well
11/27/2014Junex Strikes Oil in its Galt No. 4 Horizontal Well
11/27/2014Junex Strikes Oil in its Galt No. 4 Horizontal Well
10/14/2014Junex Starts Drilling its Galt No. 4 Horizontal Well
9/26/2014Junex Adopts a Shareholder Rights Plan
8/27/2014Junex Mobilizes its Drilling Rig Towards its Galt No. 4 Well...
8/21/2014Junex Announces the Appointment of Mr. Henry Sauvagnat as a ...
7/31/2014Junex Tests 180 Barrels of Oil per Day at its Galt No. 3 Wel...
7/2/2014Junex to Drill the First Horizontal Well in Eastern Quebec
6/18/2014Junex Announces Voting Results of its Shareholders' Meeting
6/13/2014Junex Inc. - Archive Webcast of June 11, 2014 EPAC Oil and G...
5/30/2014Junex Comments on the Quebec Government's Announcement About...
1/9/2014Petrole =3A La ministre Martine norv=E9gien
1/8/2014Quebec must exploit oil resources: manifestoImportance: Norm...
1/8/2014Manifeste pour le d=E9veloppement du p=E9trole au Qu=E9bec
11/18/2013Petrolympic discovers natural gas reservoir in QuebecImporta...
9/10/2013divulguel’offre faite à Hydro-Québecpour
8/26/2013Forum desidées- Le gaz et la fracturation hydraulique fontrê...
6/28/2013Qu=E9becne tournera pas le dos aup=E9trole
5/7/2013Announce Corporate Changes
3/27/2013Announces an Increase of its Total Oil-Initially-in-Place Re...
12/11/2012d=E9couverte de p=E9troleau TexasImportance: Normal
12/11/2012Announces an Oil Discovery in Texas
11/20/2012Guylaine Saucier names to Junex's Board of DirectorsImportan...
11/19/2012Announces Changes to its Board of Directors, Amendment to St...
11/14/2012Identifies Drillable Structures on its Anticosti Island Oil ...
9/25/2012Galt No. 4 Confirms the Oil Potential of the Galt Property
9/17/2012compl=E8teson programme sismique sur Anticosti
9/17/2012Announces Completion of its Seismic Survey on its Anticosti ...
7/16/2012amorce unlevésismique sur AnticostiImportance: Normal
7/3/2012d=E9but du forage p=E9trolierGalt no 4Importance: Normal
4/25/2012annonce un programme d'exploration pour AnticostiImportance:...
9/7/2011projet p=E9trolier de l'=EEle d'Anticosti
6/29/2011Projets p=E9troliers de l'=CEle d'Anticosti
6/29/2011PEA Petrolia's Macasty at 30.9 billion bbl total petroleum
6/28/2011Mr. Jean-Yves Lavoie, P. Eng., President and CEO of Junex, R...
6/23/2011Le Nouveau-Brunzwick et les Shales gas..."The economic spino...
5/27/2011Intends to Make Normal Course Issuer Bid
2/17/2011dans les Affaires et La Presse
2/14/2011augmentation des ressources gazi=E8res
12/21/2010retient un int=E9r=EAt de 35=2C99% dans le projet p=E9trolie...
12/14/2010forage Villeroy #1
12/14/2010Villeroiy no.1 well
11/16/2010M=E9moire Junex
6/22/201013.75 million barrels of oil of contingent and prospective r...
4/19/2010announces potentially recoverable resources of 3.7 Tcf
4/19/2010annonce des volumes de ressources non-découvertes de gaz ori...
3/2/2010to drill the Deep/structured Utica Shale on its Lyster block...
12/8/2009Junex's Partner Commits to Drilling the Utica Shales on the ...
11/25/2009Initial results from the St-Augustin propane frac
11/12/2009earns in the Nicolet permit
11/12/2009Jennings intiates coverage on Junex with a target price of $...
10/22/2009Haldimand #2 well is finished
7/30/2009Focus Its Investments in the St. Lawrence Lowlands
6/15/2009sign a final agreement on the Nicolet permit
2/24/2009Preliminary results from Utica Shale operations
2/24/2009résultats préliminaires sur ses opérations dans les Shales d...
12/1/2008NOTE - JUNEX INC. - Q3 Results Highlight an Active Program -...
12/1/2008THE FM BULLETIN - DECEMBER 1 2008 (PSD-TSX) (STKL-Q) (FM Mi...
9/23/2008REPORT - JUNEX INC. - Playing the Qu=E9bec Card - Vic Vallan...
9/17/2008Forest exercises earn-in option on Junex's property of Riche...
9/3/2008Shale gas play in Quebec
7/16/2008starts its exploration program in the St. Lawrence Lowlands
6/3/2008Andre Caille Elected to Junex Board and Peter Dorrins Appoin...
5/29/2008 Globe says Wellington boosts targets for Junex, others
4/8/2008 enforces its management team
4/1/2008Signs a new farmout agreement whit a major
12/11/2007results from Paspébiac #1 well
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