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Nordex Completes Share Purchase and Going Private Transactions
Nordex Explosives Ltd. (TSXVE: NXX), (“Nordex”) a Canadian based manufacturer and distributor of explosives for the mining, quarry and construction industries, completed a “change of control” transaction with Société Anonyme d’Explosifs et de Produits Chimiques (“EPC”) pursuant to which a wholly-owned Canadian affiliate of EPC subscribed for 41,445,449 common shares of Nordex for aggregate gross proceeds of $4,973,453.88, as well as a “going private” transaction pursuant to which EPC acquired all of the outstanding shares of Nordex at a price of $0.25 per share by way of amalgamation of Nordex and a subsidiary of EPC.
Wildeboer Dellelce LLP acted for Nordex with a team that included Al Wiens and Pat Magee (corporate/securities) and John O’Connor (tax).
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