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Shoreline Energy announces Forbearance agreement with Acceleration Resources


Published Jun 3, 2014
Shoreline Energy Corporation

Shoreline Energy Corp. and its wholly owned US subsidiary Shoreline Energy Holdings II, Inc. has entered into an Forbearance Agreement with its final senior secured lender, Acceleration Resources II, LP (the "Acceleration Forbearance").

The Acceleration Forbearance along with previously announced forbearance agreements with its senior lenders, will provide Shoreline with the ongoing opportunity to complete its strategic alternatives process, co-ordinated by its advisor RBC Capital Markets. The strategic alternatives process will continue to provide interested parties the opportunity to pursue transactions across Shoreline's complete suite of assets.

Tags: Shoreline Energy Corporation




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