07:55 AM EDT, 08/01/2018 (MT Newswires) -- Junex (JNX.V) -- with shares currently unchanged at $0.48 apiece in a 52-week range of $0.30 - 0.55 -- may go higher today and possibly even test 52 week highs after saying overnight Tuesday that it has received an unsolicited offer from Utica Resources, an affiliate of Lansdowne Partners Austria GmbH, to buy all of the outstanding common shares of Junex.

Under the Utica Offer, Junex -- a Quebec company that is involved in making sure that oil and gas companies adhere to rules, laws and regulations -- would select between two options and present the selected option to its shareholders. Under the first option, each shareholder would receive $0.50 in cash per share, while under the second option, each would sell to Utica half of its Junex Shares for $0.55 in cash per share.

In a statement Junex said that its board of directors, financial advisors and legal counsel are reviewing the Utica offer in order to determine whether it constitutes a 'Superior Proposal' as defined in the arrangement agreement dated June 8, 2018, between Junex and Cuda Energy Inc, and has provided notice of such review to Cuda.

Price: 0.48, Change: 0.00, Percent Change: 0.00