TSX - V: STO
CALGARY, Oct. 29 /CNW/ - Shelton Canada Corp. (TSX Venture: STO) has
selected Hedlin Lauder Investor Relations Ltd. for international investor
relations counsel, subject to regulatory approval. Shelton, a Canadian-based
junior oil and gas company, is focused on exploring and developing the
resource-rich basins of Ukraine.
Calgary-based Hedlin Lauder Investor Relations Ltd. will help Shelton
secure equity financing as well as establish and maintain effective
communications with the investment community. The investor relations contract
is for a term of one year from September 26, 2007 and contains an early
termination provision. Hedlin Lauder will receive a retainer of $5,000 per
month plus a fee for successful financing.
Another member of the Hedlin Lauder group of companies, Hedlin Lauder
Communications Ltd., will provide Shelton with corporate communications and
public relations counsel, planning and services.
"Hedlin Lauder's knowledge of the global capital markets, particularly in
Europe, is extremely helpful to Shelton," notes Zenon Potoczny, President and
CEO. "We value Hedlin Lauder as a member of our advisory group."
Shelton has an internationally experienced board of directors and a long
history of successful operations in Ukraine. This competitive advantage has
helped Shelton to build effective personal relationships, strategic regional
partnerships and a portfolio of projects on and offshore. Shelton currently
has a reserve base of:
- 5.32 million BOE (P90)
- 8.70 million BOE (P50)
- 15.98 million BOE (P10)
The company also expects to have assembled a resource inventory of an
additional 20 million BOE by December 31, 2007.
Shelton's five-year goal is to work strategically with its regional
partners to become the leader in oil and gas production from Ukraine's
prolific Azov and Black Sea hydrocarbon basins. A strategic partnership with
Ukrnafta, the largest Ukrainian oil and gas company, provides Shelton with 45
per cent participation in the Kashtan Petroleum Joint Venture. A 50 per cent
Joint Investment Agreement (J.I.A.) with Chernomorneftegas, the leading
offshore Crimean oil and gas company, gives Shelton exceptional long-term
About Hedlin Lauder
Calgary-based Hedlin Lauder Associates Inc. specializes in corporate
communications. Hedlin Lauder Investor Relations Ltd. develops tailored
investor relations programs to position companies in capital markets. Hedlin
Lauder Communications Ltd. focuses on corporate communications and public
relations and offers expertise both regionally and globally through membership
in the International Public Relations Exchange, IPREX, a world-wide
organization composed of more than 50 leading public relations and investor
Except for statements of historical fact relating to the company, this
news release contains certain "forward-looking information" within the meaning
of applicable securities law. Forward-looking information in this news release
is characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate", and other similar words, or statements
that certain events or conditions "may" "will" or "could" occur. There are
uncertainties inherent in forward-looking information, including factors
beyond Shelton Canada Corp. control, and no assurance can be given that such
events will occur on time or at all. Shelton Canada Corp. undertakes no
obligation to update forward-looking information if circumstances or
management's estimates or opinions should change, except as required by law.
The reader is cautioned not to place undue reliance on forward-looking
statements. The risks and uncertainties set forth above are not exhaustive.
"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release."
For further information:
For further information: on Shelton Canada Corp., visit
www.sheltoncdn.com For general inquiries and investor information: Hedlin
Lauder Investor Relations Ltd: Toll Free 1-800-299-7823, Office (403)
232-6251, Email email@example.com