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KIRKLAND LAKE, ONTARIO--(Marketwired - Aug. 27, 2015) - NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE:NXX) is pleased to announce it has entered into an unsecured loan agreement (the "Loan") with NIL Funding Corporation ("NIL"), an affiliate of The Article 6 Marital Trust (the "Marital Trust") created under the First Amended and Restated Jerry Zucker Revocable Trust dated 4-2-07, effective August 26, 2015. NIL is, by virtue of being an affiliate of the Marital Trust, an insider of Nordex as it currently holds approximately 14.34% of the outstanding securities of Nordex. |
