The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Shoreline Energy Corporation Announces Closing of the Final Tranche of the Flow-Through Private Placement

Friday, July 26, 2013

Shoreline Energy Corporation Announces Closing of the Final Tranche of the Flow-Through Private Placement

16:28 EDT Friday, July 26, 2013

CALGARY, ALBERTA--(Marketwired - July 26, 2013) -

NOT FOR DISTRIBUTION IN THE UNITED STATES

Shoreline Energy Corp. (TSX:SEQ) ("Shoreline" or the "Company") is pleased to announce that further to the Company's press releases dated July 3, 2013 and July 15, the Company has closed its final tranche of the flow through private placement (the "Offering") resulting in gross proceeds to Shoreline of $2,588,788 through the issuance of 647,197 common shares of the Company, issued on a "flow through" basis under the Income Tax Act (Canada) at a price of $4.00 per share.

All of the securities issued in connection with the Offering will be subject to a four-month hold period under applicable Canadian securities laws.

About Shoreline Energy

Investor Information

Shoreline is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. Shoreline offers investors a combination of value growth via lower risk development of additional oil reserves and production on its current lands and pays a quarterly dividend. The Common Shares are currently listed on the TSX under the trading symbol "SEQ" and the debentures under the trading symbol "SEQ.DB". Additional information regarding Shoreline is available under the Corporation's profile at www.sedar.com or at the Corporation's website, www.shorelineenergy.ca.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Shoreline Energy Corp.
Mr. Trevor Folk
Chief Executive Officer
(403) 398-4070
tfolk@shorelineenergy.ca


Shoreline Energy Corp.
Mr. Kevin Stromquist
President & Chief Operating Officer
kstromquist@shorelineenergy.ca


Shoreline Energy Corp.
Calgary Office
500, 500 4th Ave SW
Calgary, Alberta, T2P 2V6
(403) 767-9066
www.shorelineenergy.ca

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections