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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 US$500,000 Loan

06/07/2009 10:32pm

Marketwired Canada


Shelton Canada Corp. ("Shelton" or the "Company") (TSX VENTURE:STO) announces
that it has made arrangements to borrow from Petrosibir AB, an arms' length
Swedish company, US$500,000 (the "Loan"). The Loan is secured by a debenture in
the amount of US$500,000, a promissory note dated June 25, 2009 in the amount of
US$500,000 and a Share Pledge Agreement dated June 25, 2009 pledging 10% of the
shares of Shelton's direct subsidiary, Zhoda 2001 Corporation. Simple interest
shall accrue on the principal balance at a rate of six (6%) percent per annum
calculated monthly and shall be payable on the first day of each month during
the term. The Loan and all accrued and unpaid interest thereon shall be due and
payable on the earlier of October 30, 2009 or the date when Shelton receives
additional financing by way of a private placement.


Shelton will use the Loan proceeds to secure certain new projects on which it
may bid and to pay some expenses which it has incurred.


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.


1 Year StonePoint Energy Inc. Chart

1 Year StonePoint Energy Inc. Chart

1 Month StonePoint Energy Inc. Chart

1 Month StonePoint Energy Inc. Chart