Nordex Explosives Ltd.
TSX VENTURE : NXX

Nordex Explosives Ltd.

July 09, 2014 07:00 ET

Nordex Explosives Announces Appointment of Controller for Expansion and Increased Activity

KIRKLAND LAKE, ONTARIO--(Marketwired - July 9, 2014) - NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") - (TSX VENTURE:NXX) is pleased to announce the appointment of Mr. Sean Conroy, CGA to the position of Controller. Mr. Conroy will be responsible for overseeing the daily administration of Nordex with a specific focus on optimization of operational efficiencies, cost analysis, fiscal controls, product pricing and human resources. Mr. Conroy holds a Bachelor of Business Administration (Honours) from the Schulich School of Business, at York University. In addition, Mr. Conroy received his Certified General Accountant designation in 2001 and was previously employed as Chief Financial Officer at Temiskaming Hospital in New Liskeard, Ontario.

President and CEO Jim Taylor states; "With the continued expansion of Nordex through our satellite distribution centers, joint venture projects and increased demand for our emulsion and perimeter control (Johnex) lines of explosives it was necessary to engage additional personnel to maintain our high quality level of service. Sean will be instrumental in assisting management implement and maintain its expansion strategies and provide key reporting functions in order to achieve increased gross margins and profitability."

Mr. Conroy will be located at the Corporation's head office in Kirkland Lake, Ontario and will report directly to the President/CEO.

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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