NORTH CHARLESTON, SC, March 18, 2015 /CNW/ - The Article 6 Marital Trust created under the First Amended and Restated Jerry Zucker Revocable Trust dated 4-2-07 (the "Trust") announced today that it has purchased 40,000 common shares of Nordex Explosives Ltd. ("Nordex") (TSX Venture: NXX) through the facilities of the TSX Venture Exchange at a price of Cdn$0.30 per share. Anita G. Zucker is the trustee of the Trust.
The 40,000 common shares purchased by the Trust represent approximately 0.20% of the issued and outstanding common shares of Nordex.
Prior to the transaction, the Trust owned 2,890,000 common shares, or approximately 14.14% of the issued and outstanding common shares of Nordex. As a result of the transaction, the Trust owns 2,930,000 common shares, or approximately 14.34% of the issued and outstanding common shares of Nordex.
The common shares of Nordex were acquired for investment purposes. The Trust may acquire additional shares Nordex, subject to price and availability.
SOURCE The Article 6 Marital Trust
For further information: Robert Johnston, 4838 Jenkins Avenue, North Charleston, South Carolina, 29405, (843) 744-5174