Nordex Explosives Ltd.

Nordex Explosives Ltd.

September 06, 2011 18:40 ET

Nordex Explosives Ltd. Engages CHF Investor Relations

KIRKLAND LAKE, ONTARIO--(Marketwire - Sept. 6, 2011) - NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) ("Nordex" or "the Company), a Canadian-based industry leader in the manufacturing and distributing of explosives for the mining, quarry and construction industries, announced today that it has engaged CHF Investor Relations, effective immediately. CHF is a highly regarded Canadian investor relations firm headquartered in Toronto which has been operating under the same management for the past eighteen years.

"Operational and management changes put in place are showing their positive impact for our Company. It is not enough to simply do well; we need to tell the market how well we are doing. Our partnership with CHF will assist our Company in communicating the Nordex story to the investment community and in building mutually beneficial communication channels with our shareholders," commented Jim Taylor, CEO and Head of Operations.

Subject to TSX Venture Exchange approval, the agreement for investor relations and market-making services is for a term of twelve months. The agreement may be terminated after a 6-month review at the sole discretion of the Company. The agreement may be extended by up to one year. Under the terms of the agreement, CHF will receive $7,500 per month in fees and reimbursement of expenses. As part of this agreement, and subject to TSX Venture approval, CHF has been granted a total of 140,000 options premium priced as 70,000 at $0.65 and 70,000 at $0.85; vesting as 25% every three months, to expire on September 5, 2016. All options granted will be cancelled 30 days after Investor Relations services are terminated.

It has been agreed that CHF will initiate its Market Liquidity Program, more commonly referred to as market-making, through its Calgary office. Certain Nordex Directors have agreed to provide NXX shares and/or capital from their personal holdings for the purposes of market-making. The market-making activity will be conducted using a registered broker, Mackie Research Corporation, in compliance with Policy 3.4 of the TSX Venture Exchange Corporate Finance Manual, IIROC's Universal Market Integrity Rules & Policies (2010) and other relevant policies, so that trading orders in the Company's shares are made to manage volatility and imbalance of orders to improve liquidity.

Prior to the grant of options outlined above, CHF had no direct or indirect interest in the Company or its securities.

About CHF Investor Relations

CHF's effective role is acting as the public company's outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of TSX/TSX Venture and CNSX-listed companies that operate in a broad range of industries including mining exploration and producers, oil & gas, renewable energy, industrial services, high-tech, biotech, and consumer products. The depth of capital market experience is formidable dating back to the late 1970's. CHF's head office is in Toronto, with another Canadian office in Calgary; as well as satellite offices in New York, USA; São Paulo, Brazil; and Shanghai, China.

About Nordex Explosives Ltd.

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".

For more information about Nordex please visit our website at to receive Company news via email contact and mention "Nordex news" in the subject line.

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