(via Thenewswire.ca)
Vancouver, BC March 12, 2012 - SHELBY VENTURES INC. ("Shelby" or the
"Company") announces that management has decided not to go forward with its private placement announced January 31st 2012, due to market conditions.
About Shelby Ventures Inc.
The Company is a Capital Pool Company, currently listed on the NEX Board of the TSX
Venture Exchange. Management of the Company is actively engaged in assessing possible
projects with a view to completing a Qualifying Transaction. To date, Management's efforts
have been focused on the resource sector and it continues to review opportunities as they arise.
BY ORDER OF THE BOARD
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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