XERION ECOSOLUTIONS GROUP INC.
Filing Type: 8-K
Description: Current Report
Filing Date: November 21, 2003
Period End: November 19, 2003
Primary Exchange: Over the Counter Includes OTC and OTCBB
Ticker: XECO
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Table of Contents
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8-K
ITEM 5.........................................................................1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15d of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): November 19, 2003
XERION ECOSOLUTIONS GROUP INC.
(Exact name of registrant as specified in its charter)
Colorado 0-26760 84-1286065
(State of Incorporation) (Commission (I.R.S Employer
File Number) Identification No.)
Suite 132-3495 Cambie Street,
Vancouver, BC, Canada, V5Z 4K3
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (604) 696-0073
Former name: IMMULABS CORPORATION
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ITEM 5. OTHER EVENTS.
XRS Technology Roadmap In Review
The Company announced today that it has received preliminary results from an
independent review of the patent application of XRS technology. The review was
conducted by an independent consultant who is recognized worldwide as an expert
in the field of hydrometallurgy and mining chemistry. The review was conducted
for the purpose of enhancing its patent protection. The consultant confirmed
that the chemistry surrounding Xerion's technology is valid and that a process
patent was a worthwhile objective. However, he stated that the content and
claims in the patent must be substantiated with more extensive test work. The
results from that test work must compare the new process to existing
technologies to prove that the new process offers a clear advantage over
existing techniques. He further stated that some of this rigorous test data has
not yet been supplied to him and that he could not confirm all of the claims. A
representative of the Sellers assures management that scientific documents do
exist to validate the claims. He has promised to send those papers to the
independent consultant for review. Management is awaiting the results of the
review of these documents. The consultant went on to say that Xerion's chosen
leaching techniques are very promising and that no one in the market currently
holds a unique position in that area for the leaching of gold. Although the
review was conducted for the primary purpose of enhancing the patent, the
findings indicate the possibility that the technology is not as developed as
previously understood by the Company. The consultant encouraged Xerion to
continue its test work to determine optimum process flows that can be protected
through patent. Going forward, management will evaluate its development options
once the final review is received from the consultant.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: November 21, 2003
XERION ECOSOLUTIONS GROUP INC.
By: /s/ Ben Traub
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Ben Traub
President