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STO

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Share Name Share Symbol Market Type
TSXV:STO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Shelton Announces Revocation of Cease Trade Order

25/06/2009 9:28pm

Marketwired Canada


Shelton Canada Corp. ("Shelton" or the "Company") (TSX VENTURE: STO) is pleased
to announce that revocation of cease trade orders were issued by the Ontario
Securities Commission ("OSC") and the British Columbia Securities Commission
("BCSC") dated June 3, 2009 and June 4, 2009 respectively and that the Company
has been reinstated for trading by the TSX Venture Exchange ("TSXV") effective
June 24, 2009.


The Company was subject to a permanent cease trade order of the OSC dated May
19, 2009 and a cease trade order of the BCSC dated May 11, 2009 (collectively
the "Orders") as a result of the Company's failure to file, on a timely basis,
its annual audited financial statements for the year ended December 31, 2008 and
its management discussion and analysis for the period ended December 31, 2008
(the "Delinquent Financial Statements"). Following the issuance of the Orders,
the TSXV issued a suspension of trading dated May 7, 2009. The Delinquent
Financial Statements were filed with the applicable securities commissions on
SEDAR on May 25, 2009 and the Company is now up to date with all of its
outstanding continuous disclosure documents.


About Shelton Canada Corp.:

Shelton Canada Corp. (www.sheltoncdn.com), a Canadian-based junior oil and gas
company, is focused on exploring and developing the resource-rich basins of
Ukraine. The company has an internationally experienced board of directors and a
long history of successful operations in Ukraine. These competitive advantages
have helped Shelton to build effective personal relationships, strategic
regional partnerships, and a large land position and a portfolio of projects on
and offshore. Shelton's long-term goals are to become the leader in oil and gas
production from the resource-rich Azov and Black Sea basins in five years.


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