Nordex Explosives Ltd.
TSX VENTURE : NXX

Nordex Explosives Ltd.

December 31, 2015 12:41 ET

Nordex Explosives Ltd. Announces Management Changes

KIRKLAND LAKE, ONTARIO--(Marketwired - Dec. 31, 2015) - NORDEX EXPLOSIVES LTD. ("Nordex" or the "Company") (TSX VENTURE:NXX) Nordex announced today that Sean Conroy has resigned from his position as Chief Financial Officer of the Company. The Board of Directors has appointed Joe Hunnisett, a member of the Board of Directors, to act as interim Chief Financial Officer. He is a Chartered Accountant and has worked with several large manufacturing and distribution companies in a variety of senior financial and executive positions including Corporate Controller, Director of Manufacturing, CFO, President and CEO. The Board will appoint an independent member to act as Audit Committee Chair, a position that has been held by Mr. Hunnisett.

Jim Taylor, President & CEO, commented, "On behalf of Nordex, we thank Sean for his hard work and service to the Company and we wish him all the best for the future."

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.

Additional information can be found under the Corporation's profile at www.SEDAR.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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