Scandinavian Oil-Gas Magazine

http://www.scandoil.com/moxie-bm2/financial/money/shoreline-energy-enters-into-amended-and-restated-.shtml

Shoreline Energy enters into amended and restated forbearance agreement with senior lender

Shoreline Energy Corp. has entered into amendments extending its Amended and Restated Forbearance Agreement with its senior

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Shoreline Energy Corporation

Shoreline Energy Corp. has entered into amendments extending its Amended and Restated Forbearance Agreement with its senior secured lender, Alberta Treasury Branches as well as a forbearance arrangement with its creditor, Devon Canada (collectively, the "Forbearance").

The Forbearance 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