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JENEX CLOSES 1,915,000 UNIT OFFERING
JENEX CLOSES 1,915,000 UNIT OFFERING
October 4, 2007
News Release
For Immediate Release
Burlington, Ontario – The Jenex Corporation (“Jenex” or the “Corporation”) (TSX Venture Exchange – JEN). has closed a non-brokered private placement for 1,915,000 units at a price of 8 cents per unit to raise up to $153,200. Each unit will consist of one common share of the corporation and one-half of a non-transferable share purchase warrant (up to 957,500 whole warrants in total). Each whole warrant will entitle the holder thereof to purchase one additional common share of the corporation at a price of 20 cents per common share for a period of two years following the closing date of the private placement. In connection with the foregoing, the corporation proposes to pay a finder's fee to its agent, Kingsdale Capital Markets Inc., of up to $11,456 in cash and broker warrants to purchase 179,000 units on the same terms as the units issued to investors.
The transaction has been granted TSX Venture Exchange approval and the shares and warrants will be subject to a four-month hold period from the date of issue.
About Kingsdale Capital Kingsdale Capital is a leading global financial services organization and more information about Kingsdale can be found at www.kingsdalecapital.com
About The Jenex Corporation The Jenex Corporation owns a patented Thermal Therapy technology. The first device developed from this technology is the Therapik® product, for relief of pain and itch caused by insect stings and bites. Therapik® has been approved as a Class II medical device in Canada (TPD) and the United States (FDA), and has received CE approval in Europe. The second device, interceptCS is the first product clinically proven and approved (TPD) to prevent cold sores. interceptCS is available exclusively in Canada at Shoppers Drug Mart/Pharmaprix. More information about the Corporation can be found at www.jenexcorp.com & www.interceptCS.com .
“Prevention is the Solution”
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the accuracy or the contents of this press release.
The Jenex Corporation
207 - 940 Sheldon Court
Burlington, Ontario, L7L 5K6
Michael A. Jenkins, President
Telephone: (905) 632-3830
Facsimile: (905) 632-3774
Email: jenex@sprint.ca
Website: www.jenexcorp.com
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