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Canada : Junex announces changes to its board of directors, Amendment to stock option plan and grant of options.

Junex 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 Musee des Beaux Arts. Mme Saucier obtained a B.A. from College Marguerite-Bourgeoys and a B.Comm. from the Ecole des Hautes Etudes Commerciales, Universite de Montreal. 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 Societe Emerite from CollE ge des Administrateurs de societes.

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.

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Publication:Mena Report
Date:Nov 20, 2012
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