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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 Canada Corp.: News Release

22/06/2009 6:39pm

Marketwired Canada


Shelton Canada Corp. ("Shelton" or the "Company") (TSX VENTURE:STO) announces
that the TSX Venture Exchange has accepted a debt settlement transaction of an
aggregate of 706,376 common shares of the Company (the "Common Shares") at a
deemed price of $0.20 per Common Share for total debt of $141,275.20. The debt
occurred as a result of Canada Revenue Agency ("CRA") not recognizing the
reassessment of certain flow-through expenditures. Accordingly, on August 25,
2008 the Company made the decision to issue Common Shares as a form of
compensation to those shareholders affected by the CRA ruling.


Furthermore, Shelton is pleased to announce that Richard N. Edgar has been
appointed as Chief Financial Officer of Shelton effective June 15, 2009 to fill
the vacancy of Zenon Potoczny who resigned his position as Chief Financial
Officer effective the same date. Mr. Potoczny will continue to remain as
President, Chief Executive Officer, and a director of Shelton.


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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1 Year StonePoint Energy Inc. Chart

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