Silvio Ventures Inc.

September 18, 2007 16:36 ET

Silvio Ventures Inc.: Termination of Agreement With Frontenac Ventures Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2007) - Silvio Ventures Inc. (TSX VENTURE:SIV.H) (the "Company") announces today that it has terminated the proposed acquisition of Frontenac as announced by the Company on May 30, 2007.

Since entering into the agreement in principal on May 23, 2007 the Company and Frontenac have been unable to settle certain terms of the definitive agreement for the proposed acquisition. As a result, the Company is exploring other transactions in various economic sectors with a view to completing a reactivation transaction. The Company intends to request a resumption in trading of the Company's shares immediately from the TSX Venture Exchange.

William Radvak, Chairman and CEO

The TSX Venture Exchange has in no way passed upon the contents of this Press Release for which the Board of the Company assumes full responsibility.

Contact Information

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