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BRIEF-Nordex Explosives announces loan financing

Published 2015-08-27, 09:35 a/m
© Reuters.  BRIEF-Nordex Explosives announces loan financing
NXX
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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


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