TORONTO, Nov. 9, 2011 /CNW/ - The Investment Industry Regulatory Organization of Canada (IIROC) imposed a regulatory trading halt on October 21, 2011 at 13:13ET for dissemination of material news on the common shares and convertible debentures of Sterling Shoes Inc. (TSX Symbol SSI). Shortly following the trading halt, the company issued a press release announcing that it had obtained creditor protection from the Supreme Court of British Columbia under the Companies' Creditors Arrangement Act, RSC 1985, c. C-36, as amended. It is the understanding of IIROC that no further news announcements are imminent. Accordingly, IIROC has decided to remove the regulatory trading halt. However, as per TSX bulletin 2011-1348, the common shares and convertible debentures of Sterling Shoes Inc. remain suspended by the listing Exchange pending delisting at the close of market on November 25, 2011.