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SINX > SEC Filings for SINX > Form 8-K on 2-Jun-2014All Recent SEC Filings

Show all filings for SIONIX CORP

Form 8-K for SIONIX CORP


2-Jun-2014

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events (The registrant can use this Item to report events that
are not specifically called for by Form 8-K, that the registrant considers to be of importance to security holders.)

Sionix Corporation ("SIONIX") and BR Investments, LLC ("BRI") an affiliate of The Prime Group, Inc. ("Prime") have signed a nonbinding Letter of Intent to form a Joint Venture ("JV") to construct and operate a brine and water reclamation operation in the Bakken Shale area of Montana.

The Letter of Intent provides for the Joint Venture operations to be built on an existing industrial facility located in Culbertson, Montana. BRI and Prime ("Partners") will acquire the facility which includes heated tankage, buildings, road and rail access, piping, water wells, and other industrial infrastructure. The JV will be a 50-50 business partnership between Sionix and BRI. Sionix will contribute a technology license and will provide operating and technical management for the JV business. BRI will provide project financing and overall site development and management.

When completed, the project will be the first, large scale, commercial application of Sionix technology to treat production and flowback water from drilling and fracking operations. Prime has substantial experience as a developer of more than $10 Billion of commercial and residential properties and BRI has extensive experience in project finance and development, international engineering and construction, contract negotiations and project and business management.

Sionix and Partners are proceeding on final project design, marketing and equipment specification, and will endeavor to reach a definitive agreement and close on the site acquisition. As is customary, our partners, BR Investments, are performing due diligence on the property over the next 2-3 weeks prior to closing.

The Letter of Intent is nonbinding and is subject to numerous terms and conditions that may or may not be satisfied, including, but not limited to negotiation of definitive documentation for the Joint Venture. Therefore, there can be no assurance that the definitive joint venture will actually be accomplished.

A copy of the press release regarding the Joint Venture is furnished as Exhibit 99.1 hereto and incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibits are filed as exhibits to this Current Report on Form 8-K:

Exhibit 99.1 Press Release issued by Sionix Corporation dated June 2, 2014.


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