Nordex Explosives Ltd.

TSX VENTURE : NXX


Nordex Explosives Ltd.

August 13, 2014 07:00 ET

Nordex Explosives Announces Agreement in Principle with Pacific Group of Companies for Western Canada Expansion

KIRKLAND LAKE, ONTARIO--(Marketwired - Aug. 13, 2014) - NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") - (TSX VENTURE:NXX) is pleased to announce the confirmation of an agreement in principle with the Pacific Group of Companies ("PGC") for a joint venture partnership to facilitate the introduction of Nordex products and services to Western Canada. The Pacific Group of Companies is a British Columbia based leader in the construction and industrial services business. Nordex and PGC are actively developing and establishing new operational sites in Western Canada to promote and support the sale of the Nordex lines of explosive products to western mining and construction industries.

PGC has been undertaking controlled precision blasting operations internationally since 1954. The Pacific Group divisions include: Blasting/Rockwork/Mining, Demolition, Excavation & Shoring, Civil Construction, Heavy Industrial Moving, Design/Build Industrial Contracting and Drill & Drill Consumables Sales & Service.

This agreement will further the Nordex business strategy of expanding the footprint for its proprietary line of explosives products and equipment which includes the Buttbuster perimeter control products as well as the recently developed Scorpion underground loader system(s) and a complete line of complimentary emulsion products.

Pacific Group of Companies President Dale Bekar states: "We are delighted to be entering into a joint venture with Nordex Explosives Ltd. We share similar core values on safety, customer service and quality, all of which are paramount in the explosives industry; an industry we have operated in since 1954."

President and CEO Jim Taylor states: "We are extremely pleased to have aligned ourselves with a leader in the explosives and demolition industry for our Western Canada expansion. Pacific's leadership in providing high quality products and services in a safe and efficient manner will assist in expanding our customer base, and encourages additional demand for Nordex products."

Plans are currently underway for the transportation and initial delivery of Nordex products to a new facility currently being developed as part of the Nordex expansion plans for 2014.

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.

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