Silver Fern Financial Ltd.

December 20, 2006 18:15 ET

Silver Fern Financial Ltd. Reinstatement of Trading and Termination of Negotiations for a Qualifying Transaction

CALGARY, ALBERTA--(CCNMatthews - Dec. 20, 2006) - SILVER FERN FINANCIAL LTD. ("Silver Fern" or the "Corporation") (TSX VENTURE:SFL.P) announces that it had entered into an arm's length memorandum of understanding dated September 29, 2006 for a proposed qualifying transaction. The target company was a mineral exploration company. The memorandum of understanding did not advance to a definitive agreement and negotiations have been terminated.

The shares of the Corporation will recommence trading on the TSX Venture Exchange in the near future.

Silver Fern is a capital pool company subject to the CPC Policy with approximately $900,000 in cash remaining in treasury, and nominal liabilities.

The TSX Venture Exchange does not accept responsibility for the accuracy or adequacy of this release.

Contact Information

  • Silver Fern Financial Ltd.
    Gordon D. Anderson, President, Chief Executive Officer and
    Chief Financial Officer and a director
    (403) 265-3733 Ext. 235