July 31 (Reuters) - Junex Inc JNX.V :
* UTICA RESOURCES ANNOUNCES ENHANCED OFFER TO ACQUIRE JUNEX INC.
* UTICA RESOURCES INC SAYS HAS DELIVERED TO SPECIAL COMMITTEE OF BOARD OF DIRECTORS OF JUNEX INC A REVISED OFFER TO ACQUIRE JUNEX
* UTICA - BELIEVES THAT OFFER CONSTITUTES "SUPERIOR PROPOSAL" TO ARRANGEMENT AGREEMENT DATED JUNE 8, 2018
* UTICA RESOURCES INC SAYS UNDER TERMS OF REVISED OFFER FOR JUNEX, UTICA HAS PRESENTED JUNEX WITH TWO OPTIONS
* UTICA - DEAL CONSIDERATION OF CASH OPTION REPRESENTS PREMIUM OF 35.1% OVER DEEMED VALUE OF ABOUT C$0.37 PER JUNEX SHARE FOR CUDA DEAL
* UTICA RESOURCES - IN FIRST ALTERNATIVE OF REVISED OFFER, EACH SHAREHOLDER OF JUNEX WOULD RECEIVE, FOR EACH COMMON SHARE OF JUNEX HELD, C$0.50 IN CASH
* UTICA RESOURCES - ALTERNATIVELY, EACH SHAREHOLDER OF JUNEX WOULD TRANSFER TO CO HALF OF ITS JUNEX SHARES FOR C$0.55 IN CASH/JUNEX SHARE SO TRANSFERRED
* UTICA RESOURCES SAYS AS PER SECOND ALTERNATIVE, AT CLOSING OF TRANSACTION, EXISTING SHAREHOLDERS OF JUNEX WOULD OWN 50% OF JUNEX SHARES