Shoreline Energy announces that it will not make the December 31, 2014 interest payment to holders of the Corporation's convertible debentures. The board of directors of the Corporation intends to make a proposal to the Debentureholders in the first quarter of 2015 for the purpose of facilitating the Corporation's restructuring and strategic [...]
CALGARY, ALBERTA--(Marketwired - Dec 21, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") announces the resignation of Mr. Peter Henry from the board of directors of the Corporation. On Friday December 19, Mr. Henry gave notice of his resignation, effective immediately so that he may pursue new employment opportunities [...]
Shoreline Energy is pleased to announce that it has closed the sale of its Wattenburg working interest assets for net proceeds of US$4.1 million (approximately $4.65 million Canadian Dollars based on current exchange rates) plus an interim hold back for working capital adjustments of $0.7 million USD.
CALGARY, ALBERTA--(Marketwired - Nov 15, 2014) - This document corrects and replaces the press release that was sent Nov.14, 2014 at 6:34 PM. Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") today announced its financial and operating results from the third quarter 2014 and is pleased to provide a corporate update following a [...]
CALGARY, ALBERTA--(Marketwired - Nov 14, 2014) - Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Corporation") today announced its financial and operating results from the third quarter 2014 and is pleased to provide a corporate update following a series of corporate asset sales and significant debt reduction. A complete copy of the financial [...]
Shoreline announced today that it has received conditional approval from the Toronto Stock Exchange to amend the exercise price of 759,000 warrants effective as at the close of business on November 28, 2014. The Warrants were originally issued by the Corporation pursuant to a US$3,000,000 loan financing provided by Acceleration Resources II L.P [...]
Shoreline Energy is pleased to announce that it has closed the sale of its Wattenburg royalty interests for total proceeds of US$7.7 million (approximately $8.7 million Canadian Dollars based on current exchange rates). Shoreline intends to use the proceeds of this sale, combined with cash on hand, to repay the Corporation's three secured creditors [...]
Shoreline Energy is pleased to announce that it has entered into a settlement agreement with a senior creditor. The Settlement Agreement provides that Shoreline pay the Creditor $2.5 million immediately upon execution of the Settlement Agreement and an additional $3 million on or before December 31, 2014. The Settlement Agreement further provides [...]
Shoreline is pleased to announce it has entered into amendment agreements extending its previously expired forbearance agreements with certain senior lenders. In connection with execution of the Forbearance, Shoreline paid down $3,441,000 of the aggregate amount owing to these lenders, resulting in an aggregate balance owing of approximately [...]
Shoreline Energy is pleased to announce the results of the Annual General and Special Meeting of the shareholders of Shoreline held on September 30, 2014. At the Meeting, the shareholders elected Messrs. Trevor Folk, Peter Henry, John Williams, Peter Scott, Brett Walker and Dan Thompson to the Board of Directors of the Company, subject to [...]
CALGARY, ALBERTA--(Marketwired - Sep 8, 2014) - Shoreline Energy Corp. ("Shoreline" or the "Company") (TSX:SEQ) announced today that Mr. Shaun Alspach, Executive Vice President of Shoreline is no longer with the Company. Mr. Alspach will continue in the role of director until the annual shareholder meeting of the Company to be held on September 30 [...]
Shoreline is pleased to announce that it has sold its interests in certain petroleum and natural gas properties wells, infrastructure and facilities located in the Doe area in Alberta and British Columbia to a buyer for total proceeds of $1 million pursuant to a purchase and sale agreement dated September 2, 2014. The sale represents approximately [...]
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