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BRIEF-Silex Systems announces further extension of term sheet with GE-Hitachi

Published 03/04/2017, 10:14 am
Updated 03/04/2017, 10:20 am
© Reuters.  BRIEF-Silex Systems announces further extension of term sheet with GE-Hitachi

April 3 (Reuters) - Silex Systems Ltd SLX.AX

* Further extension of term sheet with GE-Hitachi

* Silex systems ltd - co, ge-hitachi nuclear energy (geh) reached agreement to further extend term sheet announced on 2 may 2016 through to 31 august 2017

* Silex systems ltd - silex will continue to reimburse geh its pro-rata share of approved cy2017 gle budget for wilmington operations pending completion of restructure

* Silex systems ltd - silex will continue to support gle's ongoing operations

* Silex systems - funding support from co for ongoing activities at lucas heights & for 76% share of gle wilmington operations expected to be about a$6.5 million for 6 mths Source text for Eikon: ID:nASX9fzdyn Further company coverage: SLX.AX

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