Nordex Explosives Releases 2015 Q1 Financial Results

ID: 1362344
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(businesspress24) - KIRKLAND LAKE, ONTARIO -- (Marketwired) -- 05/29/15 -- NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE: NXX) announces the filing of the first quarter financial statements and management discussion and analysis for the three-month period ended March 31, 2015. This information is available on SEDAR and the Corporation''s website.

Summary of the three-month period ending March 31, 2015 includes the following:

President and CEO Jim Taylor states: "Our first quarter 2015 financial results have been negatively affected by the weakened Canadian dollar during the period. We are confident our strategy to mitigate rising raw material and operating costs will yield improvements in our margins and overall cost profile moving forward in 2015. Management will continue to tightly control costs and implement additional cost savings opportunities throughout the 2015 fiscal year, while remaining focused on expanding and diversifying our customer base through the ongoing development of new products and strategically located satellite sites."

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. Nordex is the exclusive supplier of the "Buttbuster" perimeter control explosive products in Canada. Additional information can be found at .

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.

Nordex Explosives Ltd.
Jim Taylor
President and CEO
705 642 3265 extension 203

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Date: 05/29/2015 - 11:12
Language: English
News-ID 1362344
Character count: 0
Firma: Nordex Explosives Ltd.
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