Silvio Ventures Inc.

January 24, 2008 14:05 ET

Silvio Warrants Exercised Company Focussing on Nevada Gold Exploration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 24, 2008) - Silvio Ventures Inc. (NEX:SIV.H) is pleased to announce that it has received a total of $875,000 from the exercise of 2,500,000 share purchase warrants. The warrants exercised were issued in connection with private placement that closed in March, 2007. The Company has no further warrants outstanding. Currently, Silvio Ventures has $1.2 million in cash with no debt.

"The Company is now aggressively pursuing the acquisition of gold exploration projects, with a primary focus in Nevada," commented Bill Radvak, Chairman and CEO. "The funds received from the exercise of the warrants will be used to both acquire one or more gold exploration projects and to begin building a strong technical team."

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