Value Microcaps Junior Energy

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SHGCF update... sort of.

http://www.shorelineenergy.ca//news/news-releases/shoreline-energy-corp-announces-strategic-process-update

(June 30, 2014) CALGARY, ALBERTA – Shoreline Energy Corp. ("Shoreline" or the "Company") (TSX: SEQ) announces that it will not make the interest payment on its unsecured convertible debenture scheduled for June 30, 2014 (the “June 2014 Debenture Interest Payment”). The Company intends to make the June 2014 Debenture Interest Payment, plus accrued interest thereon, following resolution of the Company’s secured debt obligations, pursuant to the forbearance agreements entered into with each of the Company’s senior lenders (collectively, the “Senior Lenders”).

The Special Committee of the board of directors of Shoreline continue to work in cooperation with the Senior Lenders to complete Shoreline’s strategic alternatives process, co-ordinated by its advisor RBC Capital Markets. Shoreline intends to release additional details with respect to the results of this process as they become available.

The Company cautions that there are no assurances or guarantees that (i) the process will result in a transaction; (ii) if a transaction is undertaken, the terms or timing of such transaction will be satisfactory to all stakeholders; or (iii) the ongoing conditions of forbearance agreements between the Company and its senior lenders will be met to the satisfaction of the lenders.