Nordex Explosives Ltd.

Nordex Explosives Ltd.

July 07, 2011 19:58 ET

Nordex Explosives Ltd. Announces Grant of Stock Options

KIRKLAND LAKE, ONTARIO--(Marketwire - July 7, 2011) -


NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) ("Nordex") announced today that a total of 350,000 options to acquire common shares have been granted to the directors and senior officers of Nordex pursuant to the stock option plan of the company. The exercise price of the options is $0.60, the closing price of Nordex' shares on July 6, 2011 on the TSX Venture Exchange. 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 stock exchange and regulatory approvals.

ABOUT NORDEX EXPLOSIVES: LES EXPLOSIFS NORDEX LTEE./NORDEX EXPLOSIVES LTD. is a manufacturer and distributor of explosives for the mining, quarry and road 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 trades on the TSX Venture Exchange under the symbol "NXX".


Additional Information relating to the Company is available on SEDAR at

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

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