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Shoreline Energy Continuing Review Following Asset Sales
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Shoreline Energy Corp. has announced its financial and operating results from the second quarter 2014 and is pleased to provide a corporate update following a series of corporate events, asset sales and significant debt reduction.
Trevor Folk, Shoreline's Chief Executive Officer commented: "Having divested of assets for proceeds of $29,800,000 at fair market value and fully repaying our senior lender ATB Financial, we are pleased with the progress and results of the RBC Capital Markets led strategic review and sales process. The Board of Directors and Management look forward to the continuing the process and further reducing debt."
The strategic alternatives process will continue to provide interested parties the opportunity to pursue transactions across Shoreline's remaining assets and…
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