June 11 (Reuters) - Junex Inc JNX.V :
* JUNEX INC. AND CUDA ENERGY INC. ANNOUNCE STRATEGIC BUSINESS COMBINATION AND HIGH GROWTH WYOMING POWDER RIVER BASIN LIGHT OIL ACQUISITION
* JUNEX INC - IN CONNECTION WITH ARRANGEMENT NEW CUDA SHALL COMPLETE A 10 FOR 1 SHARE CONSOLIDATION
* JUNEX INC - NEW CUDA ENTERED INTO DEAL WITH AN ARM'S-LENGTH PARTY TO BUY A HIGH GROWTH LIGHT OIL ASSET IN POWDER RIVER BASIN IN WYOMING
* JUNEX INC - EACH CUDA SHAREHOLDER WILL RECEIVE 3.5856 COMMON SHARES AND 0.4167 OF AN ARRANGEMENT WARRANT OF NEW CUDA FOR EACH CUDA SHARE HELD
* JUNEX INC - DEAL TO BUY WYOMING ASSETS FOR CONSIDERATION OF $37 MILLION
* JUNEX - NEW CUDA WILL BE LED BY EXISTING MANAGEMENT TEAM OF CUDA INCLUDING GLENN DAWSON AS PRESIDENT & CEO, TERRY SCHNEIDER AS COO, RON PURVIS AS CFO