Sillenger Exploration Corp. announced that it has entered into a Letter of Intent with Ecuador Bancorp to conduct business in Ecuador. Through its relationship with Ecuador Bancorp Inc., Sillenger is examining, for the purposes of acquisition or Joint Venture, certain natural resource assets or businesses in Ecuador.

A business model would include the vertical integration of a wood business from sales to lot to mill to shipment. Woods available include softwoods, hardwoods and tropical exotics. Teak and other woods suitable for building furniture and flooring are abundant.

Ecuador Bancorp has numerous established relationships in Ecuador and is well positioned to develop these assets and opportunities.