QUEBEC CITY, QUEBEC -- (Marketwired) -- 12/22/15 -- Junex Inc. (TSX VENTURE: JNX) ("Junex" or the "Company") 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.
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 trial period of three months. After that three month period, if both parties are in agreement, the contract will roll over on a month-to-month basis (with 30 days written notice required to terminate the contract). 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.
D&D Securities Inc. is a Canadian investment dealer with employees in Toronto, Montreal & Calgary. The firm descends from one of the oldest, continuously operated Investment Dealers in North America: New York based Dominick & Dickerman. Operations commenced in Canada in 1929. D&D enjoys a depth of experience unsurpassed in the Canadian Investment Dealer community.
D&D's services are anchored in investment banking, as well as institutional sales & trading. Our professionals are experienced in the areas of oil & gas, mining, biotechnology & health sciences, technology and telecom. We provide a range of advisory services to public and private corporations alike. Our mandates typically involve financings, mergers and acquisitions, divestitures, valuations and fairness opinions. Our core purpose is to understand the needs of a company and pursue the most appropriate solution that meets that company's strategic goals.
Junex is a junior oil and gas exploration company that holds exploration rights on approximately 5.2 million acres of land in the Appalachian basin in the Province of Quebec, including the Galt Oil Property on the Gaspe 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 and expansion of its exploration activities elsewhere, the company operates a drilling services division.
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.
Mr. Peter Dorrins
President & Chief Executive Officer
Mr. Dave Pepin
Vice President - Corporate Affairs