Press release from Marketwire
Nordex Explosives Ltd. Announces Engagement of Capital Ideas Investor Relations
Tuesday, June 11, 2013
Nordex Explosives Ltd. Announces Engagement of Capital Ideas Investor Relations17:58 EDT Tuesday, June 11, 2013
KIRKLAND LAKE, ONTARIO--(Marketwired - June 11, 2013) - 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 that it has engaged Capital Ideas Investor Relations ("Capital Ideas") effective December 3rd, 2012 (the "Effective Date") to provide investor relations services to the Company. Capital Ideas helps companies raise their profiles.
Subject to TSX Venture Exchange approval, the agreement for investor relations services is for a term of one year from the Effective Date, and may be renewed upon mutual agreement. The agreement may be terminated by either party upon 30 days' written notice. Under the terms of the agreement, Capital Ideas receives $5,000 per month in fees and reimbursement of its expenses. As part of this agreement, and subject to TSX Venture approval, Capital Ideas will be granted a total of 300,000 stock options priced as follows: 150,000 of such options will be priced at $0.50 per share and the remaining 150,000 options will be priced at $0.75 per share. These options will expire no later than 5 years from the date of grant. All unexercised stock options will be cancelled 30 days after investor relations services are terminated.
Anthony Durkacz, a principal of Capital Ideas, holds 75,000 common shares of the Company.
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 is the exclusive supplier of the Econotrim and Ezicharge Johnex explosive products in Canada. Nordex trades on the TSX Venture Exchange under the symbol "NXX".
Additional Information relating to the Company is available on SEDAR at www.sedar.com.
Certain information included herein may contain "forward-looking statements" which reflect the current expectations of Management of the Company regarding the Company's future growth, results of operations, performance, business prospects and opportunities. Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "aim", "endeavor", "seek", "predict", "potential" and similar expressions have been used to identify these forward-looking statements. These statements reflect Management's current beliefs with respect to future events and are based on information currently available to management of the Company. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, cancellations of or the failure to renew purchase orders; production and delivery issues; quality, pricing and availability of raw materials; compliance with environmental regulations; exchange rate fluctuations as well as the other risks identified in the "Risk Factors" contained in the Company's Management's Discussion and Analysis for the Third Quarter and other public filings (copies of which may be obtained at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by this news release. These factors should be considered carefully and the reader should not place undue reliance on the forward-looking statements. Although any forward-looking statements contained in this news release are based upon what Management currently believes to be reasonable assumptions, the Company cannot assure readers that actual results, performance or achievements will be consistent with these forward-looking statements, and Management's assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this news release, and, other than as required by law, the Company does not intend, and does not assume any obligation, to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
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.Contact Information:
Nordex Explosives Ltd.
President & Chief Executive Officer