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[sharechat] (ASX: SLX) Silex Systems

From:	"Cristine Kerr" <criskerr@optusnet.com.au>
Date:	Wed, 7 Apr 2004 09:56:41 +1000

ASX Announcement: Wed 7.4.04 - summarized below:

Silex USEC Settlement

All outstanding issues relating to USEC's termination of the Development and Licence Agreement have been settled:

1) Silex ownership & rights to IP have been confirmed.
2) Parties acknowledge Silex as sole owner of all R&D equipment built up during the term of the agreement.
3) Both parties release each other from any other claims under previous agreements and acknowledge previous agreements have been properly terminated.

Silex's uranium 'Direct Measurement' program (expected to be completed later this year). A positive outcome would place Silex in a good position to bring on board a commercialization partner during second half 2004.

References

[sharechat] Congrats SNOOPY Allan Potts
Re: [sharechat] Congrats SNOOPY Cristine Kerr
[sharechat] (ASX: GRD) Company - GRD NL Cristine Kerr

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