KIRKLAND LAKE, ONTARIO -- (Marketwired) -- 09/02/14 -- NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE: NXX) announced today that a total of 640,000 options to acquire common shares have been granted to the directors and senior officers of Nordex effective August 29, 2014 pursuant to the stock option plan of the company. The exercise price of the options is $0.43 per share. The options are exercisable for a period of 5 years from the date of grant. The grant of such stock options is subject to receipt of all necessary TSX Venture Exchange and regulatory approvals.
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.
Contacts:
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
