Shelton Canada Corp.

Shelton Canada Corp.

November 14, 2006 16:44 ET

Shelton Canada Corp.: News Release

EDMONTON, ALBERTA--(CCNMatthews - Nov. 14, 2006) - Shelton Canada Corp. ("Shelton") (TSX VENTURE:STO) is pleased to announce that its board of directors has appointed Jason Pack, C.A., as a director of the Corporation effective as at November 6, 2006. The board of Directors now consists of Zenon Potoczny, Richard N. Edgar, Bruce D. Hirsche, Victor Tkachenko and Jason Pack.

Mr. Pack is a Chartered Accountant. He obtained his Chartered Accountant designation in June 2002 and belongs to the Institute of Chartered Accountants of Alberta. Mr. Pack began his career as a staff accountant with Deloitte & Touche LLP in their Edmonton Office as an Audit Senior providing primarily audit and review engagements. He was hired in March of 2004 by a public international oil field equipment manufacturer and currently occupies the position of senior controller for that company where he is responsible for financial management, regulatory compliance and administration.

In addition, Shelton announces that the board of directors has approved a grant of stock options to directors of Shelton to purchase an aggregate of 900,000 common shares at an exercise price of $0.28 per common share pursuant to its stock option plan. The stock options expire five years from the date of grant.

Shelton, a junior oil and gas company listed on the TSX Venture Exchange, holds interests in producing properties located in northeastern British Columbia and north central Alberta. Shelton also holds petroleum and natural gas concessions in southern Ukraine.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Shelton Canada Corp.
    Zenon Potoczny
    President & CEO
    (416) 252-4101
    Shelton Canada Corp.
    Richard Edgar
    (403) 205-2526 ext 4