Aug 27 (Reuters) - Nordex Explosives Ltd NXX.V :
* Announces loan financing
* Loan is in the principal amount of C$2 million, it matures on August 26, 2017
and pays interest at the rate of 15% per annum
* Co, nil funding corp will not proceed with the convertible debenture
financing announced by the corporation on July 13, 2015
* Intend to use net proceeds for repayment of existing debt including repayment
of $1 million plus accrued interest advanced to Nordex by nil
* Source text for Eikon ID:nCCN5Nt0hS
* Further company coverage NXX.V