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NXX

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:NXX TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Nordex Continues to Increase Production of Buttbuster Explosives Product Line

03/04/2014 3:58pm

Marketwired Canada


NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE:NXX) is
pleased to announce continued progress in its manufacturing of the "Buttbuster"
perimeter control product designed for surface and underground blasting
applications. The Corporation completed construction and received final approval
for its new production facility in late 2013, and has continued to increase its
maximum daily manufacturing rates based on the averages established per each day
when in full production as follows:




          Average Buttbuster Production Figures per each Full Shift         
                                                                            
                         Sep     Oct     Nov     Dec     Jan     Feb     Mar
                        2013    2013    2013    2013    2014    2014    2014
                     ------- ------- ------- ------- ------- ------- -------
Quanitity of Cases         4      11      18      25      47      93     104



Nordex has stated the anticipated capacity to manufacture up to 120 cases per
shift when in full production and each month has been increasing its
capabilities in order to achieve this objective. 


Each case manufactured contains approximately 25kg of specialized product cut to
customized lengths based on specific client needs.


Nordex has a cooperative relationship with Australian based Johnex Explosives,
whereby Nordex retains exclusive production and distribution rights for the
"Buttbuster" proprietary perimeter control product line.


The Corporation has recently updated its information reflecting this product and
will introduce it to existing and new markets in 2014. To date the Company has
manufactured and sold over 2,500 cases of product. 


About Nordex Explosives

Nordex Explosives Ltd. is a Canadian based manufacturer and distributor of
explosives for the mining, quarry and construction industries since 1970. Its
manufacturing operations and distribution centre is strategically located in one
of the world's largest mining regions near Kirkland Lake, Ontario. Nordex is the
exclusive supplier of the "Buttbuster" perimeter control explosive products in
Canada. Additional information can be found at www.nordexexplosives.com.


Neither the TSX Venture nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture) accepts responsibility for the
adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Capital Ideas IR
Dean Stuart
T: 403 517 2270
E: dean@boardmarker.net


Jim Taylor
President and CEO
T: 705 642 3265 extension 203
E: jtaylor@nordexexplosives.com

1 Year Nordex Explosives Ltd. Chart

1 Year Nordex Explosives Ltd. Chart

1 Month Nordex Explosives Ltd. Chart

1 Month Nordex Explosives Ltd. Chart

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