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NXX

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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 Explosives Western Canada Expansion Update and Marketing Initiatives

29/05/2014 1:00pm

Marketwired Canada


NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE:NXX) is
pleased to announce the following updates on current business activities
including the proposed expansion into western Canada as previously announced on
March 11, 2014. This expansion will further the potential for Nordex products
including the exclusive Buttbuster line of perimeter control products which are
only available in North America through Nordex. 


Western Canada Expansion

Nordex recently met with its proposed joint venture partners during a recent
trip to the Vancouver CIM conference held from May 11-14, 2014. During these
meetings, members from both parties determined a key location for an initial
distribution site and identified potential locations for a manufacturing site.
The distribution site location has been agreed upon and Management has initiated
the approval process required to begin operations. Initially the site will
provide storage facilities, sales/technical support and distribution services
for products manufactured by Nordex at its Kirkland Lake facility. The
Corporation has completed a logistics analysis required for the transportation
of product into western Canada. The Corporation will continue its due diligence
process for the acquisition of a suitable property and the development of a
manufacturing facility to compliment initial distribution plans. 


It is anticipated that operations will commence in the 3rd quarter 2014. Initial
staff positions have been identified and qualified personnel have been retained
for the launch of operations during this period.


Marketing Initiative for Nordex Products

With the attendance to the CIM conference in Vancouver, management had the
opportunity to present new and existing clients with revised marketing material
for all products and services. This marketing material focuses on the benefits
of using Nordex products which includes increased safety, higher explosive
velocity, increased efficiency of Buttbuster products, and ease of use. In
addition, management has continued to introduce the proprietary Scorpion
Underground Loading system, which further enhances safety for explosives
customers.


This new marketing material was well received by several potential clients which
includes large multi-national groups, with operations in both the mining and
construction sectors. 


President and CEO Jim Taylor states; "We are extremely pleased with the positive
response for our line of Buttbuster and unique delivery systems allowing
customers to operate in an efficient and safe manner. With continued
introductions to potential buyers in Canada including new customers in western
Canada, we are positioned to realize benefits from our expansion strategy of
2013. Our existing locations in eastern Canada allows for greater delivery to
mining and construction customers, and our western presence will further our
national leadership in the explosives industry."


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
403-517-2270
dean@boardmarker.net


Nordex Explosives Ltd.
Jim Taylor
President and CEO
705-642-3265 extension 203
jtaylor@nordexexplosives.com
www.nordexexplosives.com

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