QUÉBEC CITY, July 18, 2018 (GLOBE NEWSWIRE) -- Junex Inc. (“Junex”) (TSXV:JNX) announces that Institutional Shareholder Services, Inc. (“ISS”), a leading proxy advisory firm, has recommended that Junex’s shareholders vote in favour of the special resolution to approve the plan of arrangement (the “Arrangement”) under which Junex would complete a business combination with Cuda Energy Inc. The special resolution will be considered at the special meeting of Junex shareholders to be held on August 2, 2018 at 11:00 EDT.
Explaining its support for the Arrangement, ISS stated: “The proposed amalgamation makes strategic sense as current Junex Shareholders will have a significant ownership stake in a much larger company with a more diversified asset portfolio, improved trading liquidity and capital markets exposure, and stronger financial position and flexibility. Given the implied premium, the favourable market reaction, the reasonable strategic rationale and the absence of significant governance concerns, shareholder approval of this resolution is warranted.”
Junex shareholders who have questions regarding the Arrangement or who require assistance with voting may contact D.F. King, Junex's proxy solicitation agent, by telephone toll free at 1-800-294-5107 (1-212-771-1133 by collect call) or by email at inquiries@dfking.com.
For more information on the Arrangement, please see Junex’s press release of June 11, 2018.
About Junex Inc.
Junex is a Québec SME that seeks to be a catalyst in accessing Québec's oil and gas resources, while ensuring that their development becomes an important means of creating collective wealth for Québeckers. Junex’s operations are conducted in a responsible manner, in strictest compliance with the rules, laws and regulations that govern oil and gas activities. To that end, every day it takes all measures to minimize the environmental impact of its activities.
For further information please contact:
Jean-Yves Lavoie
President and Chief Executive Officer
Junex Inc.
(418) 654-9661
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.