Silvio Ventures Inc.

November 01, 2007 08:00 ET

Silvio Announces Board Appointment and Changes in Key Corporate Positions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2007) - Silvio Ventures Inc. (NEX:SIV.H) is pleased to announce that Doris Meyer has joined its Board of Directors and has been appointed Chief Financial Officer and Corporate Secretary of the Company.

Doris Meyer is well experienced in the mining industry and is a Member of the Association of the Certified General Accountants of British Columbia and Canada. She brings to the Company her experience as Vice President, Finance of Queenstake Resources Ltd., a Canadian gold mining company, from 1985 to 2003 and its Corporate Secretary until 2004. While at Queenstake she took part in or led negotiations of joint venture and purchase agreements, equity financings, debt financings and capital acquisitions. In 1996 Mrs. Meyer formed Golden Oak Corporate Services Ltd. and she acts as Chief Financial Officer and/or Corporate Secretary of several publicly traded mining companies and her company provides those clients with administrative, accounting and compliance services.

Mr. James Mackie of Golden Oak Corporate Services Ltd. will be appointed to the new position of Controller of the Company.

Mr. William Radvak has resigned as Chief Financial Officer but remains on the Board of Directors as Chairman and Chief Executive Officer. Mr. N. Ross Wilmot has resigned from the Board of Directors and the Board wishes to take this opportunity to thank Mr. Wilmot for his invaluable contribution to the development of the Company.

The Directors have granted stock options on 250,000 shares of the Company's capital stock, exercisable for up to five years at a price of $0.55 per share pursuant to a director approved Stock Option Plan. The options granted will be subject to applicable regulatory approvals and hold periods.

William Radvak, Chairman and CEO

Silvio Ventures Inc.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.

Contact Information

  • Silvio Ventures Inc.
    William Radvak
    Chairman and CEO
    (778) 888-4101