GREY:TWNNF - Post by User
Post by
taly7on May 13, 2011 10:24am
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Post# 18571861
NEWS
NEWSNordex Explosives Announces Supply Agreement With Trelawney Mining and Exploration Inc.
NORDEX EXPLOSIVES LTD
NXX5/13/2011 10:08:32 AM
KIRKLAND LAKE, ONTARIO, May 13, 2011 (Marketwire via COMTEX News Network) --
NOT FOR US DISTRIBUTION
NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) ("Nordex") is pleased to announce that it has entered into a supply agreement with Trelawney Mining & Exploration Inc. for the supply of explosive products to their Chester #1 site located near Gogama, Ontario, Canada.
In early February, Trelawney purchased the equipment and plant required to establish the mine infrastructure at the Chester #1 mine. The project sits at the southeastern tip of the SWAYZE Archean Greenstone Belt and is close to a major regional fault located just to the north.
Jim Taylor, Chief Executive Officer for Nordex, stated "Trelawney is another exciting opportunity for Nordex as we continue to expand our operations and manufacturing capabilities in Kirkland Lake. We are committed to our philosophy of providing quality products, competitive pricing and the best customer service and technical support to the area mines."
The agreement is for the period up to December 31, 2012. Under the terms of the agreement, there is no minimum volume or dollar commitment and resulting explosive sales will be a function of the operating activities of Trelawney Mining and Exploration Inc.
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 trades on the TSX Venture Exchange under the symbol "NXX".