Press release from Marketwire
Nordex Explosives Ltd. Provides Update on Melba Gold Property
Monday, July 15, 2013
Nordex Explosives Ltd. Provides Update on Melba Gold Property11:08 EDT Monday, July 15, 2013
KIRKLAND LAKE, ONTARIO--(Marketwired - July 15, 2013) - NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE:NXX), further to the press release of May 1, 2013, is pleased to announce the Corporation has now received the necessary consents and approvals with respect to title to the mineral rights for the Melba Gold property and all deficiencies in title have now been formally rectified.
The Melba Gold property is comprised of 18 leased claims in the north-western part of Melba Township, located approximately 20 kilometers north of Kirkland Lake, Ontario.
Jim Taylor, President, CEO stated; "We have been working on getting the exclusive rights to this property for several years and our hard work has now been successfully completed. Certain deficiencies in the documentation when the company acquired the property some years ago were uncovered, affecting clean title to the property. The Corporation has now filed the necessary documents with the Ministry of Northern Development and Mines (MNDM) in order to rectify these deficiencies and has received the necessary consents and approvals with respect to title."
With the completion of the process to address the title issues, Nordex will now evaluate its options with respect to the development of the Melba Gold property.
ABOUT NORDEX EXPLOSIVES: 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 also the exclusive supplier of the Econotrim and Ezicharge perimeter control explosive products in Canada. Nordex trades on the TSX Venture Exchange under the symbol "NXX".
Neither the 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.
Certain information included herein may contain "forward‐looking statements" which reflect the current expectations of management of the Corporation regarding the Corporation'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 Corporation. Forward‐looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Corporation'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 forwardlooking 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 Corporation's Management Discussion and Analysis 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 press 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 press release are based upon what management currently believes to be reasonable assumptions, the Corporation 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 press release, and, other than as required by law, the Corporation 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:
Nordex Explosives Ltd.
President & Chief Executive Officer