Dec 16 (Reuters) - Silex Systems Ltd SLX.AX :
* SILEX SYSTEMS AND CANADIAN URANIUM PRODUCER CAMECO CORPORATION HAVE SIGNED A BINDING PURCHASE AGREEMENT
* CLOSING OF AGREEMENT WOULD RESULT IN SILEX ACQUIRING 51% INTEREST IN GLE, & CAMECO INCREASING ITS INTEREST IN GLE FROM 24% TO 49%
* CO & CAMECO SIGN AGREEMENT FOR JOINT PURCHASE FROM GE-HITACHI NUCLEAR ENERGY OF ITS 76% INTEREST IN GLOBAL LASER ENRICHMENT (GLE)
* DEFERRED ANNUAL PURCHASE PAYMENTS TO GE-HITACHI NUCLEAR ENERGY OF US$20 MILLION TRIGGERED AFTER 1ST YEAR GLE GENERATES US$50 MILLION IN REVENUES
* TERMINATION FEE OF US$1 MILLION PAYABLE BY CO TO GE-HITACHI NUCLEAR ENERGY IN EVENT CO TERMINATES AGREEMENT (WITHOUT CAUSE) BEFORE CLOSING
* SILEX & CAMECO NEGOTIATED OPTION FOR CAMECO TO PURCHASE FROM SILEX AN ADDITIONAL 26% INTEREST IN GLE, INCREASING THEIR INTEREST TO 75%