Logician Minerals Limited

November 12, 2009 15:32 ET

Logician Minerals Limited: News Release

SEATTLE, WASHINGTON--(Marketwire - Nov. 12, 2009) - Mr. Chris McDonald, Chief Executive Officer of Logician Minerals Limited is pleased to announce that rekindled discussions with ZEOX Corporation ("ZEOX") have resulted in an improved business relationship and confirmation of Logician's role as the exclusive distributor of ZEOX's Advanced Zeolite Technologies in Asia and India. Specifically discussed have been:

- ZEOX's support for the current Logician Management Team and the revised business plans of Logician;

- ZEOX's commitment to the new Logician infrastructure for the supply and distribution of performance minerals for applications currently identified in Asia and India as well as any potential applications developed through new technologies;

- Logician's support for new ZEOX management and their merger and acquisition ambitions; and

- Possible strategies to settle various litigations between Nanostructured Minerals Corporation ("NMC"), ZEOX and related parties.

- We anticipate formalized documents be executed by both parties by November 30th.

On behalf of the Board of Directors

Chris McDonald, Chief Executive Officer

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

Contact Information

  • Logician Minerals Limited
    Chris McDonald
    Chief Executive Officer
    Cell: 604-590-1525