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Published on 12/15/2006 in the Prospect News PIPE Daily.

New Issue: Junex closes C$1.27 million private placement of shares

By Laura Lutz

Washington, Dec. 15 - Junex Inc. settled a private placement for C$1.265 million.

The company sold 1.15 million common shares at C$1.10 each.

Laurentian Bank Securities Inc. was lead agent for the deal.

Proceeds will be used to develop the company's Haldimand oil prospect.

Following settlement, the company has 44,381,493 shares outstanding.

Junex is an oil and gas exploration company based in Quebec.

Issuer:Junex Inc.
Issue:Common shares
Amount:C$1.265 million
Shares:1.15 million
Price:C$1.10
Warrants:No
Agent:Laurentian Bank Securities Inc.
Settlement date:Dec. 15
Stock symbol:TSX Venture: JNX
Stock price:C$1.05 at close Dec. 14

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