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Junex Inc.

Publié le 28 juillet 2017

Signs an Agreement with the Government of Qu=E9bec Regarding the

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Mots clés associés :   Canada | Exploration | Junior |

 

Hi, please see Junex's last press release. Have a great day, Dave P?pin

 

 

 

Junex Signs an Agreement with the Government of Qu?bec Regarding the Anticosti Permits

 

JULY 28, 2017 - QU?BEC, QUEBEC - Junex Inc. (the "Company" or "Junex") (TSX VENTURE: JNX) announces that it has signed a settlement agreement with the Government of Qu?bec (the "Settlement") regarding the return of its exploration permits on Anticosti Island in light of its repurposing. 

In connection with the Settlement, Junex will receive an amount of $5,533,606, which corresponds to the amounts invested by the Company in connection with its permits on Anticosti Island. In consideration of those permits, Junex is assigning the Permits to the Government of Qu?bec, which is supporting the Municipality of Anticosti Island in its application to have Anticosti Island included on Canada's Tentative List for World Heritage Sites under UNESCO's Convention Concerning the Protection of the World Cultural and Natural Heritage. That process has been judged incompatible with oil and gas exploration activities. 

"We have always believed in the strong hydrocarbon potential of our permits on Anticosti. Given the lack of infrastructure, our strategy was to attract a major industry player as a partner to develop that resource. The current position of the Government of Qu?bec does not allow us to achieve that objective. With almost $15M in working capital, we will continue to focus our efforts on the development of our main asset, the Galt Project, where our goal is commercial production. Our team of professionals is seeking to develop energy solutions that respond to the needs of Quebeckers," said Junex's President and Chief Executive Officer, Mr. Jean-Yves Lavoie.

About Junex

 

Junex is a junior oil and gas exploration company that holds exploration permits on more than 2.1 million acres of land in the Appalachian basin in the Province of Quebec, including the Galt Oil Property on the Gasp? Peninsula in eastern Quebec, landholdings on Anticosti Island in the Gulf of St. Lawrence and landholdings in the St. Lawrence Lowlands between Montreal and Quebec City. In parallel to its exploration efforts in Quebec, the company operates a drilling services division.

 

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 18 to 22 of Junex's 2016 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 the 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

President & Chief Executive Officer

418-654-9661

 

Junex Inc.

Mr. Dave Pepin

Vice President - Corporate Affairs

418-654-9661

 

Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Junex Inc.

EXPLORATEUR
CODE : JNX.V
ISIN : CA4818631083
Suivi et investissement
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Junex est une société d’exploration minière basée au Canada.

Junex détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont HALDIMAND WELL, SHALE GAS DE BECANCOUR, HALDIMAND et CHAMPLAIN au Canada.

Junex est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 32,7 millions CA$ (25,0 millions US$, 21,6 millions €).

La valeur de son action a atteint son plus haut niveau récent le 06 juin 2008 à 8,22 CA$, et son plus bas niveau récent le 19 décembre 2014 à 0,24 CA$.

Junex possède 79 650 000 actions en circulation.

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